Monday, January 25, 2021

Perch Gets Funding From Citi Impact Fund

Los Angeles-based Perch, a startup which operates a service that lets users build their credit by paying for Netflix, Spotify, Hulu, and other services on credit, has scored an investment from financial giant Citi, via Citi's new Citi Impact Fund. Size of the investment was not announced. Citi announced the investment this morning. Citi also announced funding in six other companies, including Clerkie, KETOS, MedHaul, Shift, Superpedestrian, and Vyv. Citi's impact fund is specifically focused on startup address such societal challenges as workfore development, access to the financial system, improving housing, healthcare, and transportation; sustainability; and disparities in access to capital. Perch offers up a service which helps unbanked and underbanked young adults with tools to properly manage their credit. More information »