Empower Raises $53M to Revolutionize Financial Access and Credit for the Masses

Empower is thrilled to announce a landmark funding milestone, having raised $53,000,000 to accelerate its mission of transforming an outdated financial system into a landscape of true opportunity for everyone. As a trailblazer in the fintech space, Empower is redefining credit by providing customers with the cash they need, equitable access to fair credit, and the power to completely reinvent their financial stories. This fresh infusion of capital will drive further innovation in our machine learning-powered credit evaluations, helping us reach more underserved communities with our sophisticated, inclusive approach. The funds will also fuel the growth of our mobile-first suite of products, including the Cash Advance, Thrive line of credit, and Petal credit cards, positioning us to offer even more personalized and accessible financial solutions. Our recent accolades underscore our rapidly expanding influence. Ranking #65 on Inc. 5000’s Fastest-Growing Private Companies list for the third consecutive year and earning recognition from Forbes as one of the 25 Next Billion-Dollar Startups for 2024, Empower continues to outpace expectations. Our Thrive credit line product has also been heralded as one of Fast Company’s Next Big Things in Tech, affirming our commitment to innovation and customer empowerment. With the support of investors like Sequoia Capital, Blisce, and Icon Ventures, this new round of funding is not only a vote of confidence in our vision but also a vital resource to expand our impact. As we set our sights on creating even more financial pathways for success, we remain dedicated to empowering millions to confidently reshape their financial futures.