Axios Covers Holdings
May 31, 2023
Our innovative approach to cash management has caught the eye of Axios.
Holdings has just secured $7 million in seed funding to revolutionize how businesses handle their cash.
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 cash management. That's where we come in.
We partnered with Evolve Bank to offer up to $5 million in FDIC insurance through a sweep network. And the cherry on top? A 4% annual yield.
Why should your capital sit there when it could work harder for you?
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.
Looking Ahead
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.
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.
So, whether you're a tech startup, a real estate mogul, or anything in between, we're here to help you navigate these choppy financial waters. Because at Holdings, we believe your money should work as hard as you do.
Click here to read the Axios article.
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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, Member FDIC
Funds deposited in your Holdings account are held by Evolve Bank & Trust, Member 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
²Yields, fees, and asset allocations are subject to change. While the fund aims to preserve capital and maintain liquidity, it is not FDIC insured and there can be no assurance that these objectives will be met. Please see the prospectus for full details on risks and investment objectives.