Charlie Raises $23M in Series A Funding
Summary
FPV also participated in the round as well as other seed investors including Better Tomorrow Ventures. The company intends to use the funds to: • roll out a suite of personalized fraud protections designed specifically for the 62+ population using their habits, patterns, and preferences; • build a team of tech and financial services talent; and • continue to develop new products and features designed for the 62+ community. Led by CEO Kevin Nazemi, Charlie offers financial services designed for the unique needs of the 62+ community to help retirees and soon-to-be-retirees make the most of their limited resources with features including faster access to their Social Security check, 3% earnings on deposits and no monthly fees or minimums, as well as US-based customer service, and a transparent digital experience designed with accessibility at the forefront. Currently, the following services are available with a major anti-fraud rollout coming soon: • Social Security: Charlie allows its customers to access their Social Security benefit 3-5 days early, with no fees and no strings attached. The company launched in May 2023 and previously raised $7.5m in seed funding from investors including Better Tomorrow Ventures, Expa, Ayokunle Omojola, and Gokul Rajaram.