What is Steady?
SteadyIQ, the core platform developed by Steady, functions as an innovative Income Passport designed to revolutionize income verification for public benefits. By providing government agencies with real-time, user-permissioned data, the platform significantly reduces administrative friction and enhances the accuracy of benefit eligibility determinations. This technology is essential for ensuring that working Americans receive timely support while simultaneously reducing the operational burden on state and federal agencies. Steady occupies a unique niche at the intersection of fintech and civic technology, leveraging secure data protocols to foster greater transparency and efficiency in the distribution of public resources.
How much funding has Steady raised?
Steady has raised a total of $24M across 2 funding rounds:
Series A
$9M
Series B
$15M
Series A (2018): $9M with participation from Omidyar Network, Clocktower Technology Ventures, Propel Venture Partners, and 25 Madison
Series B (2020): $15M led by Flourish Ventures, CMFG Ventures, Loeb Enterprises, Recruit Strategic Partners, and Propel Venture Partners
Key Investors in Steady
Flourish Ventures
Flourish Ventures is a global fintech venture firm that invests in entrepreneurs whose innovations help people achieve financial health and prosperity.
CMFG Ventures
TruStage Ventures is the venture capital arm of TruStage, dedicated to accelerating fintech growth by funding innovators in the financial services sector.
Recruit Strategic Partners
Recruit Strategic Partners, a wholly owned subsidiary of Recruit in Japan, is a Silicon Valley-based venture capital firm investing in innovative companies from all around the U.S.
What's next for Steady?
With the support of its latest financing, Steady is well-positioned to scale its operations and expand its footprint across additional government jurisdictions. The strategic focus will likely center on deepening the integration of the Income Passport within existing state-level digital infrastructure, thereby increasing the velocity of benefit delivery. As the company continues to refine its data-driven approach, it is expected to explore further partnerships that leverage its proprietary verification technology to address broader challenges in social safety net administration. The ongoing commitment from its investor base suggests a long-term vision for Steady to become the standard-bearer for digital income verification in the public sector.
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