Vestwell Doubles Valuation After $385 Million Series E Funding

U.S. savings platform Vestwell gains significant investment, boosting growth potential.

Highlights:

  • Vestwell raises $385 million in Series E funding.
  • Valuation surges to $1.5 billion amid increased investor interest.
  • Funding aims to enhance growth and expansion plans for the platform.

Vestwell, a prominent U.S. savings platform, has successfully raised $385 million in its Series E funding round.
This investment has propelled its valuation to $1.5 billion, reflecting heightened interest from investors in the fintech sector.
The funds will support Vestwell’s expansion efforts and enhance its offerings to consumers.
This move signifies a strong commitment to growing its presence in the competitive savings and investment market.

Megan Clarke
Megan Clarke
Megan Clarke is a financial reporter and commentator with a focus on fintech startups, open banking, and the transformation of the UK’s financial services industry.

You May Also Like

eBay Invests in TrueLayer, Strengthening Pay By Bank Initiative

The partnership aims to enhance direct bank transfers for eBay users.Highlights: eBay invests in TrueLayer to enhance payment...

Australian AI Fintech Lorikeet Expands with New London Office

Lorikeet sets its sights on international growth by establishing a presence in London.Highlights: Lorikeet opens a new office...

ClearBank Enhances European Strategy with Ex-Uber Executive

New appointment aims to boost ClearBank's presence in Europe.Highlights: ClearBank hires ex-Uber VP of Operations for European expansion.Focus...

ClearBank Strengthens European Strategy with Ex-Uber Executive Appointment

New leadership aims to enhance ClearBank's presence in the European market.Highlights: ClearBank hires an ex-Uber executive for European...