What is Secure?
Secure operates a sophisticated fintech platform designed to bridge the gap between employee financial stability and corporate benefit offerings. Co-founded by Devin Miller, Bassam Saliba, and renowned financial expert Suze Orman, the company provides a seamless, low-cost mechanism for employees to build emergency liquidity. The platform is engineered for ease of deployment, allowing organizations to foster a culture of financial resilience while simultaneously enhancing employee retention and satisfaction. By transforming the traditional savings model into an accessible, employer-sponsored benefit, Secure addresses the urgent need for liquid assets among the American workforce, effectively mitigating the risks associated with unexpected financial shocks.
How much funding has Secure raised?
Secure has raised a total of $14.5M across 2 funding rounds:
Angel/Seed
$3.5M
Unspecified
$11M
Angel/Seed (2021): $3.5M with participation from PSL Ventures, IA Ventures, The R-Group, and SeaChange
Unspecified (2022): $11M led by Stearns Financial Services, FTX US, and Truist Ventures
Key Investors in Secure
Stearns Financial Services
Stearns Bank is a full-service financial institution providing commercial lending and diverse banking solutions to support business and personal financial growth.
FTX US
FTX US is a prominent cryptocurrency exchange platform offering innovative derivatives and digital asset trading products for a global user base.
Truist Ventures
Truist Ventures is the corporate venture capital arm of Truist Financial, focusing on strategic investments in fintech companies that drive innovation in banking and financial services.
What's next for Secure?
With the successful closure of this major enterprise-level funding round, Secure is poised to accelerate its market penetration and scale its platform infrastructure. The strategic roadmap likely involves expanding the reach of its employer-benefits suite to a broader demographic of mid-to-large cap enterprises. As the company transitions from its initial growth phase into a more mature operational stage, the focus will shift toward enhancing platform interoperability and deepening its integration with existing payroll and HR management systems. This capital injection provides the necessary runway to refine its proprietary savings algorithms and bolster its market position against emerging competitors in the financial wellness space.
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