Fierce Raises $10M for its All-In-One Financial and Investment App – AlleyWatch
Summary
Fierce, billed as a Finance Super App looks to eliminate this fragmentation with its platform that provides individuals banking, both stock and crypto trading, and a credit card all within a seamless experience. Fierces no-fee credit card will launch later in the year, offering 1.5% rewards on spending that can be paid in cash, stock, or crypto.AlleyWatch caught up with Fierce CEO and Cofounder Robert Cornish to learn more about the business, the companys strategic plans, launch, recent round of funding, and much, much moreWho were your investors and how much did you raise?The $10M Seed was raised by leading institutional investors, including Pendrell, AP Capital, Wheelhouse Digital Studios, Space Whale Capital, and several notable angel investors.Tell us about the product or service that Fierce offers.Fierce is a user-friendly, yet powerful finance super app that allows people to streamline their investments easily. You can fund, invest, spend and earn rewards on everything from cash to ETFs to stocks all in one place.What inspired the start of Fierce?Fierce was founded and built by a team of industry veterans, including executives from several U.S. stock exchanges, neo-banks, traditional banks, and crypto platforms who all felt the absence of feel-good finance in the sector. With Fierce, customers dont have to pay a fee to access high-yield returns, and they also have the ability to earn interest on stocks and more. Resiliency and staying lean go a long way toward helping you get through downturns.Where do you see the company going now over the near term?In the near term, we plan to continue developing new products, growing our team, and bringing the benefits of the app to as many people as possible.Whats your favorite winter destination in and around the city?Its such a beautiful time of year in the city with all the holiday celebrations and festive decorations.
Funding
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