Ready Financial Secures $7.0 Million Series B Funding

Ready Financial is focused on bringing better, more affordable financial products to the millions of U.S. consumers who are formerly banked or poorly served by their existing banks. The Company’s initial product, The READYdebit Visa prepaid debit card, provides consumers with a comprehensive, lower-cost alternative to high-fee checking accounts.

“The consumer financial industry is in the midst of a perfect storm,” said Jeff Bussgang, General Partner, Flybridge Capital Partners. “Basic financial products like credit cards and checking are undergoing monumental changes, often at the expense of consumers, who are paying increased fees imposed by their banks. Ready Financial provides a solution for consumers facing this serious problem.”

Dan Gilbert, Partner at Rockbridge Growth Equity and Founder and Chairman of Quicken Loans adds, “Ready Financial provides consumers with a robust, safe and, most important, affordable solution for their banking needs. We are thrilled to have the company join the Quicken Loans family of companies.”

“Formerly banked and poorly served U.S. customers are a large and growing segment of the market, currently estimated at 80 million people. These customers pay a significant amount of money in fees for “free” checking or for cashing checks, buying money orders, and simply paying their bills,” said Will Tumulty, Founder and CEO, Ready Financial. “We welcome Rockbridge and Flybridge Capital as investment partners to help us provide all consumers with affordable financial services and products and achieve a leadership position in this rapidly growing market.”