The milestone demonstrates rapid growth and high demand for Onuu’s financial security products
Onuu, an all-in-one banking and insurance solution, announced a new milestone of surpassing 100k subscribers on its waitlist ahead of launching this summer. Made for and by Americans of modest means, Onuu offers a personalized membership, uniquely designed to meet the needs of each end user, with access to life insurance, credit and savings, founded in a commitment to democratizing access to financial security.
Onuu’s waitlist has only been open since May 2 and has already exceeded the 100k milestone within just 26 days. Waitlist members have the opportunity to become Onuu’s first members and receive special benefits along with the latest news around the upcoming launch. Those on the waitlist are entered into Onuu’s sweepstakes for the chance to win $25,000. Up until launch, new members can sign up on the waitlist and receive $50 towards their new account upon launch.
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“Knowing there are already over 100k consumers on the growing waitlist is incredibly exciting, and a strong testament to the demand for more accessible financial services,” says Felix Ortiz III, co-founder and CEO of Onuu. “This momentum is driving our team to provide financial security for people who don’t have it.”
Onuu’s focus to ensure financial security is accessible for Americans of modest means stemmed from Felix’s own experiences with his family growing up and not being aware of the financial resources available to them. This led him, alongside co-founder Ryan Wuerch, to create something that could serve others, by developing technology that simplifies financial and insurance services and makes them more widely available to people of all socioeconomic backgrounds.
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The platform is powered by artificial intelligence and machine learning to help change the way people gain access to financial products, services and education while creating a more personalized user experience. The financial services that Onuu is building, which were once beyond reach for some, can transform lives in powerful ways as they’re brought into and guided through the financial system fairly with a chance to prosper.
This milestone quickly follows the announcement of Onuu’s inaugural list of partners, including Visa, AAA Life and SCOR, as well as Onuu’s $6 million Seed A funding, led by Latinx-led VC Leap Global Partners, with participation from Ulu Ventures, SV LATAM Capital, Jumpstarter Ventures, LAT.VC, Verso Capital, and Capital Factory Ventures.
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