Digital banking platform HMBradley snags $3.5 mln seed
Summary
Backed by PayPal founder Max Levchin and other fintech heavyweights, HMBradley will offer an unparalleled banking experience and pay the industry’s highest interest rates to account holders who save a portion of their monthly deposits, regardless of how much money they earn. Consumers can join the waitlist for an HMBradley account now and begin growing their sign-up bonus at an industry leading 3% APY – even before the platform launches. Designed for Modern Life In addition to recognizing the need to help consumers hold back more of their earnings, HMBradley’s founders knew that traditional banks were not set up for today’s financial practices and activities. Despite tremendous advances in fintech, the banking industry continues to rely on foundations devised over a century ago, which were based on physical currency that needed to be stored. The company was co-founded by Bruhnke, a serial entrepreneur who built his first software company while in college before embarking on a career in financial technology, most recently for investment banks; Dmitry Gritskevich, a former Goldman Sachs banker who worked on the break up of GE Capital (which birthed both Marcus and Synchrony Financial); and Germain Cassiere, an engineer who has spent the last 12 years building software and the last seven working with Bruhnke.