Source: Africa Publicity
CreditRich, the first Black American woman-owned neo-bank, has announced the historic opening of their $100 million Series B Round at a $1 billion valuation. This milestone marks a significant achievement for the company, which aims to provide innovative financial tools for credit optimization and wealth-building, particularly for underserved communities.
Co-founded by HBCU alumni Angel Rich and Courtney Keen, CreditRich has disrupted the traditionally male-dominated financial technology space. This accomplishment cements CreditRich as a powerhouse, delivering cutting-edge solutions for financial access and inclusion.
The company’s unique platform allows users to round up their spare change to pay bills intelligently and optimize their credit scores quickly. CreditRich users can manage their banking, credit reporting, and digital payments under one umbrella, making it seamless to transition between financial accounts with maximum speed, ease, and security.
“We are thrilled to open this historic round, breaking ceilings not just for Black women entrepreneurs, but businesswomen everywhere who aspire to change the world,” said Founder, Dr. Angel Rich-Jones. “Rudy’s support reinforces our vision of global expansion. We are grateful for his decades of wisdom and honored to share in his legacy.”
The funding will strengthen CreditRich’s self-reinforcing model, expanding the number of qualified customers for financial products and their spending power. This round marks a major milestone for Mrs. Rich-Jones, as less than 100 Black women founders have secured $1 million in investment funding for their companies, according to Digital Undivided.
CreditRich has formed partnerships with major credit bureaus and corporations, including VISA, to deliver innovative payment solutions and credit offerings. The company is committed to harnessing its power to solve systemic issues like closing the wealth gap.
With Rudy Terrazas, Founder of GWA Funding, joining their board, CreditRich is poised to reach new heights in the payments industry. As the company continues to grow and expand its services, it remains dedicated to providing financial access and inclusion for underserved communities.
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