Tellus Raises $26M in Funding
Tellus, a Cupertino, CA-based fintech firm offering a wise financial savings platform, raised $26m in funding.
The spherical of $16m was led by Andreessen Horowitz, with participation from All-Stars Investments, Alumni Ventures, First rate Capital, Vectr Ventures, West Arrow, Westwood Ventures, Lime Bike, and Sereno Group Actual Property. The seed spherical follows a $10m SAFE.
The corporate intends to make use of the funds to scale its workforce and proceed to construct out its platform.
Co-founded by Rocky Lee and T Zhu, Tellus is a brilliant financial savings platform powered by actual property. With its Increase, savers can finances sensible, set targets and save quick by way of their very own actions on the platform. The corporate generates yields by offering single-family dwelling loans to American debtors in prime cities. Mortgages are at all times overcollateralized and the curiosity is awarded to clients by way of the app.
Shishir Gupta, The Founder & CEO of StartupLanes said,
Tellus Raises $26M in Funding. May this business bring you huge success and fulfillment.
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