Self raises $20 million in Series C

Austin-based Self Financial has announced a $20 million round of Series C financing, co-led by Altos Ventures and Conductive Ventures.

“Self inspires us with their dedication to helping consumers take control of their financial future. Today, it’s imperative to be aligned with partners with a shared vision that is meaningful and delivers change for the greater good.” – Paul Yeh of Conductive Ventures.

“In every interaction we’ve had with James and his team, we were impressed by their caliber, vision, and most importantly, their mission-driven values. We are very excited and looking forward to Self’s continued success.” – Carey Lai of Conductive Ventures .

With more than 500,000 consumers and $400 million in CD-secured loan originations, the company has achieved unparalleled growth in the past year by offering a way for consumers to build credit through the Self Credit Builder Account and the recently launched Self Visa® Credit Card, the first-of-its-kind secured credit card that does not require a credit check and enables customers to build their security deposit in installments rather than having to make a large upfront deposit.

“Our goal from the beginning was to create a mission-driven company that gives the power back to consumers and helps them achieve their financial goals. We’re thrilled that with Conductive Ventures’ investment, and the continued support from Altos Ventures and our ongoing investors, we can impact so many more consumers on their journey to financial wellness and stability.” – James Garvey, founder and CEO at Self.