Zero Financial Raises $16M in Funding
Summary
Backers included Eniac Ventures, NEA, Nyca Partners, and Silicon Valley Bank.The app displays deposits, purchases, and transfers in one place with a real-time net balance, giving users a number to spend from and track.With Zerocard Carbon, customers can earn 3.0% cash back on purchases and additional rewards of 1.75% annually on average net balances.Magnesium, Graphite, and Quartz level customers can earn 2.0%,1.5%, and 1.0% cash back on purchases and additional rewards of 1.00%, 0.50%, and 0% annually on average net balances, respectively.To earn cash back and rewards beyond one percent, the balance on Zerocard needs to be paid in full each month from deposits in a Zero account.
Funding
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