We just wrapped up a Series A investment round to the tune of $4.5 million from Polaris Venture Capital with participation from Citi Ventures. Now we have even more resources to do what we do best: create simple financial software for managing and reducing debt. In addition, this provides us with additional expertise and solidifies our position as a responsible option for people in debt. (more via TechCrunch)
Why this is great news for you and the ReadyForZero team.
We’re really excited about this announcement and what’s ahead this next year. In just under one year, we’ve taken an idea for solving a real social problem, built and launched an effective product, received international media attention and praise from all of you, and seen thousands of people around us succeed.
That’s no joke – this data suggests that active ReadyForZero users are paying down their debts 2x faster than people who aren’t using ReadyForZero. The results are amazing.
And now with more capital resources we can take everything we’ve done so far to the next level. This is an opportunity to continue making things people need and safely experimenting with new ideas faster. This next level includes hiring top talent, addressing all your open issues and feature requests (a long and growing list!), and expanding our office. But, more importantly than any of that, we will be using this to build a great product and service that people can’t stop talking about.
About the investors.
Our investors all share our vision for building a leading company around responsible financial products and services. This means, above all else, our privacy and security policies will remain unchanged and our service will continue to be available free of charge.
It may be cliche to say but we are looking for win-win situations. When a person defaults or struggles with their debt, everybody loses. The lenders lose money, and the borrowers end up in harmful situations. Troubled debt is painful all around.
Not much is going to change aside from the speed at which we build great stuff!
Finally: Join us.
So join us in celebrating a new phase for our company. Join us in making a sustainable financial company together. If you’re in debt, join us and get started on paying it down.
We cannot function without trust and transparency. We’d sooner shut it all down than compromise on these values. If you have any questions or concerns please contact us: firstname.lastname@example.org
No, really: Join us and our team.
Feature requests? Feedback? We’re planning the future, so let us know now. Email us at:
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