Tech

Mark Cuban joins $ 6 million round for startup Seashell

Seashell, a fintech company dedicated to building the latest consumer-first banking and investment experiences, from stealth with the announcement of Seashell Save, an easy-to-use, high-yielding financial app that provides users with up to 10% interest. Was born.

The company also announced a $ 6 million seed funding round backed by a list of prominent investors with backgrounds in consumer finance, Web3, and government services. Co-led by Khosla Ventures and Kindred Ventures, Robinhood co-founder and CEO Vlad Tenev, Shark Tank’s Mark Cuban, Unicorn Investor Elad Gil, and former CFTC Chairman, “Crypto Dad” J. Also included were ChristopherGiancarlo, CoinbaseVentures, and the founder. For Web3 projects such as Terra, Solana, Avalanche, Polygon, etc.

“Smart savers should strongly consider using Seashell as a simple solution to overcome price increases.”-Mark Cuban

“Smart savers should strongly consider using Seashell as a simple solution to overcome price increases,” said Mark Cuban. Inflation has increased prices by 7.0% over the past year. This is the biggest rise since 1982, and consumers are looking for alternatives to bank rates well below 1%.

Seashell.com automates the complex process of managing money and provides users with a simple, smart and secure way to earn yields. After opening a verified account, users simply send money from their bank account and they will steadily become interested in Seashell Save. The investment app can be set up for free, and the company aims to offer higher yields than most banks can offer directly to their users.

Daryl Hok, Founder and CEO of Seashell, said: “By prioritizing compliance and building easy-to-use mobile apps, Seashell.com aims to be a new, smarter home for your money and to boost the tide for everyone.”

Seashell is headed by an experienced team of leading blockchain security company CertiK, formerly COO of Google, Robinhood, Klarna, Snap, NerdWallet, and Hok. The team actively hires engineering, marketing, and design talent to reinvent today’s archaic banking and investment experience through the latest technology and simplified products.

Seashell Save Highlights:

Free and easy: The Seashell app is available for iOS and Android devices. Confirmed users can complete the sign-up flow, connect their bank account and earn interest immediately after sending money.
Higher Interest Rates: Seashell Save offers interest on your funds up to 10%, while providing the flexibility to be available at any time with no fees or penalties.
Limited Time Sign-up Bonus: Seashell.com offers a $ 10 sign-up bonus to each person on the waiting list. This sign-up bonus will soon start to attract attention and will be available in the Seashell app.

Mark Cuban joins $ 6 million round for startup Seashell

Source link Mark Cuban joins $ 6 million round for startup Seashell

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