An update: Series A...and more

We’re happy to announce that recently, HMBradley raised an $18.25M Series A led by Acrew Capital and joined by Pelion Venture Partners, Walkabout Ventures, Slow Ventures, Concrete Rose Capital, Commerce Ventures, Mucker Capital and Accomplice.

It’s been a little over a year since we announced our Seed funding co-led by Walkabout Ventures and Accomplice and in the time since, we’ve been thrilled with the explosive growth we’ve seen thus far.

Small team, big ambitions

If you had told us that within less than a year after launch we’d surpass $175M in customer deposits and close a Series A of over $18M we would not have believed it. We were prepared for HMBradley to be more of a “slow burn” – something where we could gradually overtake more and more mindshare by building products people want. What we could not have expected is just how quickly what we’re doing at HMBradley would resonate with our customer base.

What this means for you

New Products, more features and a continued focus on what you want

We’re also excited to announce the release of our most requested feature: Joint Accounts! 

Since we launched last March, customers were clear that they needed joint accounts – and now we are now one of the only FinTech’s to offer joint accounts to our customers.

Starting today, you can add an individual to your existing account as a joint account holder. You can also keep your existing account and open a new joint account with another person, all from your HMBradley customer portal

At HMBradley, we will never be finished building products and services . There’s much more to come and you can expect the pace to pick up in the coming months as we grow the team to prepare for even more customer and deposit growth. In the coming months, HMBradley will launch bill pay and remote check deposit – not to mention other features you don’t get at your “brick and mortar” bank. The best is truly yet to come.

What this means for us 

When we got the term sheet for the Series A, the first words I muttered to Dmitry were, “Well, we get to keep our jobs.” It was a half joke, but the truth is it was confirmation that we were going to be able to continue to build something we love. Having this much fun doing it feels like a dream. We will continue to ship products, field customer feedback (sometimes in near real time on twitter) and improve everything we do. Most importantly, we’re going to be here for a lot longer – so you can keep benefitting from all the things we’re doing and telling us what you want to see next!

I firmly believe that if in 5 years HMBradley looks anything like what you currently think of as a “bank account,” we failed. These are just the first steps in realizing our vision to become a super app for your finances. In the months to come we will be working on new ways to visualize your cash flow, provide you with different credit offers to meet your needs (maybe jointly with other top firms), and a whole lot more. 

One thing I can promise is that we always will be focused on providing the best banking platform for savers and simple ways for anyone to achieve our top Savings Tier. We’re passionate about helping our customers build sound financial habits and we will strive to keep building financial products that align our success with yours as the customer.

Thank You!

Last but not least I want to thank you, our customers. Without you, we would be nowhere. Without your feedback on twitter (I’m @zbruhnke, don’t be shy) and all of your customer support emails and chats none of this would be possible. It’s an absolute privilege to serve each and every one of you and I promise to do my best to make sure we keep building (and improving) an experience you’ll enjoy.

We can’t wait to show you what we build next.

Zach Bruhnke

CEO

HM Bradley, Inc. (HMBradley) is a financial technology company, not a bank. Deposit accounts provided by New York Community Bank, a division of Flagstar Bank, N.A., Member FDIC. Accounts are insured up to $250,000 per depositor. The HMBradley Mastercard Credit Card is issued by Hatch Bank pursuant to a license from Mastercard, Inc. and may be used everywhere Mastercard debit and credit cards are accepted. Certain restrictions may apply. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.