US fintechs Boom and Finch secure funding
This week’s handy Friday funding round-up includes two US-based fintech start-ups — Boom and Finch.
Austin, Texas-based rent reporting platform Boom has raised $4.5 million in a seed round led by Starting Line.
Boom secures $4.5m in seed round
The round also included participation from Clocktower Ventures, Company Ventures, Gilgamesh Ventures, and Plaid co-founders William Hockey and Zach Perret.
Launched in 2021, Boom offers a subscription-based mobile app for renters in the US, allowing them to build credit using their largest monthly expense – rent. It claims to be the only consumer app reporting to all three credit bureaus (Experian, Equifax, and TransUnion).
In the last year, Boom claims to have seen its subscriber base grow at a rate of over 450%.
“This funding will help us accelerate our roadmap of housing-focused tools for renters and NOI-focused products for real estate operators,” says Rob Whiting, CEO and co-founder of Boom.
San Francisco-based fintech start-up Finch has secured an undisclosed additional investment from Intuit Ventures, four months after it raised $40 million in a Series B round.
Finch raises additional capital from Intuit Ventures
Founded in 2020, Finch aims to democratise access to the infrastructure that underpins the employment sector and help create products for employers and employees.
Through a single API integration, Finch offers access to customers’ census, payroll, and benefits data “across hundreds” of human resources information systems and payroll systems.
“We are constantly looking to invest in innovative companies that are solving critical problems our customers face,” says Adam Coccari, managing director of Intuit Ventures.
“Finch’s unified API currently enables our partners and small business customers to seamlessly connect apps to their data in Intuit QuickBooks payroll so the products that they love work together.”
