Envel is a next-generation mobile banking platform that allows users to have control over their finances in real-time.
Envel is a financial services company that specializes in the fields of consumer banking, fintech, money management, and wealth management. It features and an autopilot software platform that uses the power of Artificial Intelligence to guide your finances in real-time. Envel has developed patent-pending AI banking tech to help take care of personal finances 24/7 in a way that benefits the user’s pockets and not the middleman. The company's unique behavioral science-driven technology formulates and implements the best savings and spending model for its customers to ensure there is little unnecessary spending. Through its Envel Money Management System, each user's Spending DNA™ is defined and tracked by a system that learns individuals' habits over time and automatically adjusts account splits and friction accordingly.Envel is initially geared towards helping keep college students cash in check, and aim to eventually help more than one million college students get out of debt.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Mar 14, 2022 | Equity Crowdfunding | — | 1 | — | — | Detail |
Aug 1, 2021 | Seed | $3.50M | 1 | Global Millennial Capital | — | Detail |
Jan 8, 2021 | Series Unknown | $4.50M | 1 | Global Millennial Capital | — | Detail |
Dec 5, 2020 | Series Unknown | — | 1 | — | — | Detail |
Jun 21, 2018 | Non-Equity Assistant | — | 1 | DCU FinTech Innovation Center | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Global Millennial Capital | Yes | Seed |
DCU FinTech Innovation Center | Yes | Non-Equity Assistant |
Spark Esports & Entertainment | — | Equity Crowdfunding |
Meyer Global Management | — | Series Unknown |