MIAMI, FL, Relief has raised $15 million in Series A funding, bringing their total funding to date to $17 million.
Relief, the personal finance startup committed to helping everyday people achieve financial freedom by eliminating credit card debt, announced today it has raised $15 million in Series A funding, bringing their total funding to date to $17 million. The round was led by Nava Ventures and includes a range of strategic investors, including Ken Chenault, former CEO and Chairman of American Express; Vikram Pandit, former CEO of Citigroup and The Kraft Group. Other leading venture capital groups include Interplay, Animal Capital, Necessary Ventures, and Brand Foundry Ventures, among others.
Relief App is the personal finance app committed to helping people access debt relief and financial freedom through innovative and scalable technology. The app's personalized, technology-driven approach to negotiating debt automatically analyzes a user's personal finances and negotiates directly with creditors to cut down the user's principal balance in half or more on behalf of the user - for free. By automating the process for paying down credit card debt through a combination of cutting-edge technology and collective bargaining, Relief is the Turbo Tax for debt.
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