Fintech Firm One Secures $40 Million in Series B Funding
The financial technology company, One, announced today that the company has secured $40 million in a Series B funding, which was led by Progressive Investment Company with participation from Obvious Ventures, Foundation Capital, and Core Innovation Capital.
This funding will be used to expand One's digital banking-related product offerings for the middle-class.
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Brian Hamilton, CEO of One, said: "Stretched middle-income households and working families deal with financial stress on a daily basis and are largely unsupported by current offerings. Every day we are marching towards changing this landscape to better serve customers and challenge the antiquated practices and uncompetitive pricing of traditional banking products. One offers features that can make a lasting financial impact for hard-working people."
Launched in 2019, One is based in San Francisco and Sacramento. The fintech firm made its product generally available in September 2020. The company aims to facilitate middle-class families and individuals through efficient digital banking services.
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