We back entrepreneurs whose innovations help people achieve financial health and prosperity

Cushion, a leader in bank and credit card fee negotiation, announced today that it has raised $12 million in Series A funding. The funding will enable Cushion to hire talent across product, engineering, data analytics, and marketing as it readies its bill pay solution for a general audience after months of beta testing.

Here’s a simple truth. There is no way to understand the financial industry without also understanding our country’s long and difficult struggle against financial discrimination. Discrimination and economic disenfranchisement go hand in hand, and some of the worst forms of racism and discrimination can be found where prejudice and bias meet with the financial system.

Indonesian insurtech start-up Qoala, has announced that it has successfully raised Series B funding of US$65 million, a thirty times growth since the company’s Series A round in April 2020.