Envel

company

About

Envel is a next-generation mobile banking platform that allows users to have control over their finances in real-time.

  • 11 - 50

Details

Last Funding Type
Series Unknown
Industries
Artificial Intelligence,Banking,Financial Services,FinTech,Wealth Management
Founded date
Jan 1, 2018
Number Of Employee
11 - 50
Operating Status
Active

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$8M
Envel has raised a total of $8M in funding over 2 rounds. Their latest funding was raised on Mar 14, 2022 from a Equity Crowdfunding round.
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

Investors

Number of Lead Investors
Number of Investors
3
4
Envel is funded by 4 investors. Global Millennial Capital and DCU FinTech Innovation Center are the most recent investors.
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