Bridge Money (Bridge), a fintech company empowering lower income Americans to earn supplemental income, has raised $5.8 million in a seed funding round led by TMV.
Founder Collective, Kapor Capital, Acumen America, Bread & Butter Ventures, Revolution’s Rise of the Rest Seed Fund, Plug and Play Ventures, Basecamp Fund (Alumni Ventures) and Ulu Ventures, among others, also participated in the funding round.
The investment will help Bridge execute its next phase of development and expansion, including adding to its robust line up of in-app money making opportunities, sourcing and executing additional third-party partnerships, and growing its roster of talent.
Bridge enables its members to fight back inflation and generate meaningful supplemental income. Members earn money by linking an existing debit card or bank account in the Bridge app and sharing fully consented and anonymised data with third-party businesses through various in-app money making activities, such as cashback, surveys, ad viewing, referrals, and raffles, among others. The most active Bridge members earn over $200 a month using the app, and earnings can be deposited directly into members’ bank accounts.
Bridge’s seed round follows commitments from prominent angel investors including Margo Georgiadis, former Discover Card CMO and Ancestry.com CEO; Abhi Dhar, CTO of TransUnion; Daren Cotter, Founder and CEO of InboxDollars; Aaron Rankin, CTO of Sprout Social; and Todd E Benson, former Head of Private Equity at Citigroup, among others.
