Holdings Secures $7 Million in Seed Funding to Transform Business Banking

May 31, 2023

Our innovative approach to integrated financial management has caught the eye of Axios.

Holdings has just secured $7 million in seed funding to revolutionize how businesses handle their finances.

Why This Matters to You

Let's face it - the SVB crisis was a wake-up call for many of us. It highlighted a crucial need in the market: innovative, diversified financial management. That's where we come in.

We've partnered with i3 Bank to offer businesses a modern banking solution with tiered high-yield interest rates:

  • 1.5% APY for balances between $50K-$250K

  • 2% APY for balances between $250K-$1M

  • 3% APY for balances over $1M1

These rates are calculated daily, ensuring your business maximizes returns every single day. Why should your capital sit idle when it could work harder for you?

More Than Just Banking

Holdings is evolving into a complete financial operating system for small and medium-sized businesses. Beyond our high-yield accounts, we're excited to announce:

Coming Next Month: Integrated accounting and bookkeeping features that provide more automation than QuickBooks, with reporting tied directly to your banking activity

Coming in Two Months: Enhanced invoicing and bill pay capabilities built directly into our platform at no additional cost

All of this comes with our commitment to fee-free business banking - no monthly fees, unlimited free ACH and wire transactions, and debit cards with ATM access and mobile wallet integration.

A Team That Knows Its Stuff

Our CEO, Jason Garcia, isn't just another suit. He's got the chops from his time at Goldman Sachs, KPMG, Divvy, and SVB. And our co-founder, Mahalia Thomas, brings her A-game from Clearco and Mercury. We've been in the trenches and are now here to guide you through the financial landscape.

Growing With Our Customers

We're seeing a surge in customer signups, especially from tech businesses and former SVB and First Republic Bank clients. But we're not just for startups—our most extensive customer base is in real estate.

What sets us apart from competitors like Found or Bluevine is our combination of higher APY tiers without subscription requirements, free invoicing and bill pay tools included in our core product, and advanced accounting integrations that automate reporting directly from banking activity.

The Bottom Line

Just as the 2008 crisis sparked a neo-bank revolution, this new banking shake-up is birthing a new breed of fintech. Holdings stands at the forefront as an integrated financial platform that empowers businesses to earn more on their deposits, manage finances seamlessly in one place, and save time through automation and streamlined workflows.

Take Control of Your Business Finances Today

Whether you're a tech startup, a real estate company, or any small to medium-sized business, Holdings gives you the financial tools that were previously reserved only for large enterprises. Sign up now to start earning higher yields, streamline your operations, and prepare for our upcoming accounting and invoicing features that will transform how you manage your business finances.

Read the full Axios article about our funding announcement

Disclaimers and footnotes

© 2023-2024 Holdings Financial Technologies Inc. All rights reserved.

Holdings is a financial technology company, not a bank. Banking services provided by Evolve Bank & Trust and i3 Bank, Members FDIC. The Holdings Visa® Debit Card is issued by i3 Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
Funds deposited in your Holdings account are held by Evolve Bank & Trust and i3 Bank, Members FDIC. The standard deposit amount is $250,000 per depositor, per insured bank, for each account ownership category.

Through Evolve's Sweep Program, funds may be eligible for up to $5M in FDIC insurance. Find additional information about the Sweep Program here. Through i3 Bank's Sweep Program, funds may be eligible for up to $3M in FDIC insurance. Find additional information about the Sweep Program here