Rellevate secures preferred series seed investment to scale digital banking and payments services for American workers

Naples Technology Ventures Led Successful Fundraising to Fuel Company Growth

STAMFORD, CONNECTICUT, USA, May 20, 2022 /EINPresswire.com/ — Rellevate, Inc., a provider of digital banking and payment services, today announced the closing of a $4 million funding round Dollars Seed Preferred Series led by Naples Technology Ventures (NTV). Other investors included Connecticut Innovations, IAG Capital Partners, Cherrystone Angel Group, Texas HALO Fund and Tamiami Angel Fund, among others. As a fintech company dedicated to empowering consumers through cutting-edge financial and payment services, Rellevate will use funds to focus on expanding and growing the market.

“Rellevate has built an industry-leading digital banking, money movement, and payments platform for the American workers who need it most. We are excited to work with Rellevate’s experienced management team as they grow,” said Mike Abbaei, Co-Founder and Managing Partner of Naples Technology Ventures. “We share the company’s passion for helping Americans succeed by giving them access to valuable financial tools at affordable and fair prices to bypass the often costly channels they face every day, such as check cashers, payday lenders, money transfer providers, traditional banks and the fees often associated with these legacy providers.”

Adam Schneider, advisor at Naples Technology Ventures, will join Relevate’s board of directors. Mr. Schneider is focused on the intersection of digital technology with financial markets and will bring years of leadership and expertise in product management, technical/infrastructure implementation and growth strategies to Rellevate.

“At Rellevate, we’ve built a leading digital banking and payments platform and now is the time to scale it. Rellevate draws on our team’s collective experience at leading financial services, movements of money and consumer products to provide financial services that enable American consumers to access, move and use their money at all times,” said Stewart Stockdale, co-founder, president and CEO of Raise “With the investment/leadership of NTV and our existing and new investors, we have a group of seasoned investors who can not only provide capital, but also in-depth industry knowledge, introductions and functional support. to accelerate growth.

Through Rellevate’s digital account, employers can offer their employees access to a financial wellness benefit, with Pay Any-Day, to access wages earned between payroll cycles, improving the company’s competitive position. employer as it strives to acquire and retain loyal employees. The Rellevate Product Suite includes: Rellevate App/Digital Earnings Credit Account, Visa Debit Card, ATM Access, Pay Any-Day, Bill Pay, Send and Instant Send Money.
About Naples Technology Ventures

Naples Technology Ventures is a venture capital firm that invests in early stage technology and services companies. NTV seeks companies that demonstrate high value and demonstrate presence in emerging and/or expanding markets with both a Software-As-A-Service (SaaS) model and/or a service-based model. NTV focuses on investments in Seed and A+ series rounds.

For more information, visit www.naplestechnologyventures.com or email us at [email protected]

About Relevate
Rellevate, Inc. is a digital financial technology company dedicated to empowering consumers through innovative financial and payment services that allow them to access, move and use their money – anytime. The company’s suite of financial services, offered primarily through employers, includes the Pay Any-Day product, a digital account with a Visa debit card, Pay Any-Day, Bill Pay and Money Send, as well as gift and incentive cards. For more information about Rellevate and for companies interested in offering Rellevate digital financial services to their employees, visit www.rellevate.com or contact Rellevate at [email protected]

Michele Sulender
Relevate, Inc.
+1 317-402-3497
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