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Minority-Led Fintech App Qoins Raises $1.5M Investment to Improve Financial Wellness For Users

Fintech is quickly becoming the way of the digital future, and Atlanta-based startup Qoins is using its company’s model to repair finances for consumers looking to save money and pay off debt. Qoins — a financial wellness app that helps people pay down their credit card debt — was founded by tech entrepreneurs Christian Zimmerman and Nate Washington with a sole purpose of helping people get out of credit card debt faster. Since the app’s launch, it has helped pay off and save more than $15 million of debt for users. This week, the fintech startup announced that it raised a $1.5 million round of investment to continue expanding its platform and product offerings. This latest round of funding was led by venture capital firm Front Row Fund, and also supported by other funds such as Rise of the Rest (Led by Steve Case) , Carolina FinTech Ventures, Rebel One and Service Provider Capital, according to CEO and co-founder Zimmerman. “Almost every one of today’s popular fintech companies are...

Njera Perkins

Jan 13, 2021