Empower Raises $4.5M
Summary
"Empower has created a banking service that is rewarding in ways that are both quantifiable, through high interest rates and cash back, and unquantifiable, through intelligent assistance that helps members make better financial decisions. The companys flagship product, "Empower", is the mobile bank with unmatched rewards and an AI-powered assistant that helps members make better financial decisions. For more information, visit https://empower.me/ Initialized CapitalInitialized Capital is an early stage venture firm based in San Francisco that has $250 million under management and an active portfolio of software startups that have created more than $20 billion in market value. In partnering with Sequoia, companies benefit from our unmatched network and the lessons weve learned over 45 years working with Steve Jobs, Larry Ellison, John Morgridge, Jerry Yang, Elon Musk, Larry Page, Jan Koum, Brian Chesky, Drew Houston, Adi Tatarko and Jack Dorsey, among many others. The vast majority of money we invest is on behalf of non-profits and schools like the Ford Foundation, Mayo Clinic and MIT, which means that the returns generated from the incredible achievements of founders can make a massive difference.
