About Charlie
Charlie Financial offers banking services tailored for retirees aged 62 and older in the United States. The company allows clients to access Social Security benefits up to four weeks early and provides a competitive 3% earnings rate on deposits. With a focus on security, Charlie Financial implements advanced fraud protection and offers FDIC insurance coverage, while also providing U.S.-based customer support for personalized assistance. The goal is to create a secure and supportive banking experience that addresses the unique financial needs of retirees.
Los Angeles, CaliforniaHeadquarters
2021Year Founded
$22.9MTotal Funding
SERIES_ACompany Stage
Financial ServicesIndustries
51-200Employees
Risks
Increased competition from fintechs targeting seniors may erode Charlie's market share.
Rising elder fraud complaints could undermine trust in Charlie's digital solutions.
Economic insecurity among seniors may limit engagement with Charlie's financial products.
Differentiation
Charlie offers early access to Social Security benefits, easing retirees' cash flow management.
CharlieSaver aggregates over 20,000 senior discounts, enhancing retirees' purchasing power.
SpeedBump initiative provides real-time fraud alerts, safeguarding older Americans' financial assets.
Upsides
$23 million Series A funding boosts Charlie's expansion and service enhancement capabilities.
Growing digital banking adoption among seniors expands Charlie's potential user base.
Charlie's U.S.-based customer service enhances trust and satisfaction among older clients.
Funding
Total raised$22.86 M
Latest valuation$80.00 M
StageSERIES_A
DEBT
9/30/2023$7
SERIES A
9/30/2023$16
$80.00 MEARLY VC
4/30/2023$8
$37.50 M