Worthy Secures New Financing

Fintech startup Worthy completed a new round of financing from an undisclosed investor.

Worthy is a free micro- investment app that helps users save and increase their money, a dollar at a time. The app is designed as a “round-up” tool that allows people to accumulate savings without altering their lifestyles, helping users painlessly save by investing “spare change” from their purchases. The app monitors users’ credit or debit card purchases; every time a card is used, the app rounds up to the next whole dollar and the difference is invested once it reaches a threshold of $10.00. The accumulated savings are invested in five-percent interest earning bonds that in turn support creditworthy businesses across the U.S., with the additiional goal of helping to strengthen communities.

The company revealed that the new funds will be used for a full-scale roll-out of the Worthy mobile app. They will also enable Worthy to expand its growing user base, as well as to broaden its selection of investment product options.