What is Secure?
Headquartered in Kirkland, Washington, SecureSave operates as a financial technology platform dedicated to empowering individuals to build emergency savings. Co-founded by Devin Miller, Bassam Saliba, and Suze Orman, the company addresses the pervasive savings crisis in the US by making emergency funds more accessible via an employer benefits platform. SecureSave's solution offers a low-cost, easily deployable program that enhances employee financial wellness, thereby adding significant value to employee benefits packages and demonstrating an employer's commitment to their workforce's financial stability.
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 The R-Group, PSL Ventures, SeaChange, and IA Ventures
Unspecified (2022): $11M led by FTX US, Stearns Financial Services, and Truist Ventures
Key Investors in Secure
PSL Ventures
PSL Ventures, LLC is a professional real estate investment company dedicated to producing quality housing products in highly desirable areas of Houston while providing exciting, low risk investment opportunities with above average yields for our investor partners.
IA Ventures
IA Ventures is a venture capital firm specializing in early-stage investments in innovative technology companies. The firm focuses on identifying and supporting startups across various sectors, leveraging data-driven insights to guide their investment strategy. Intended clients include emerging entrepreneurs and technology companies looking for financial backing and mentorship. Their portfolio showcases a diverse range of companies that are poised for growth in the digital landscape.
FTX US
FTXis a cryptocurrency exchange built by traders, for traders. It offers innovative products, including industry-leading derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens and an OTC desk. FTXstrives to be an intuitive yet powerful platform for all kinds of users, and to be the most innovative exchange in the industry.
What's next for Secure?
With its recent major strategic investment, Secure is poised for accelerated growth and expansion. The company's focus on addressing the critical need for emergency savings through employer-sponsored benefits positions it for substantial market penetration. Future developments are likely to involve scaling its platform, enhancing its employer-facing tools, and potentially broadening its financial wellness offerings to a wider demographic. This enterprise-level backing signals strong investor confidence in Secure's business model and its capacity to make a lasting impact on individual financial security.
See full Secure company page
