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Purpose Finance
AddedMar 20, 2024
UpdatedJul 1, 2026
Purpose Finance

Purpose Finance

Closed

Fintech firm making finance a force for good with ESG data, perks, and a mission for transparency.

HQ
San Francisco, CA, US
Founded
2020
Accelerator
Y Combinator logoY CombinatorW21
Overview
Compare
Fundraising
Employees
Website

Purpose Finance was founded with the mission to accelerate the shift to a more transparent economy by helping users align their money with their values. The fintech firm offered actionable environmental, social, and governance (ESG) data about companies, allowing consumers to make informed decisions about where they shop. Purpose Finance also provided perks and rewards to keep the experience engaging and fun. The company focused on integrating transparency and ethical considerations into everyday financial decisions.

Notable affiliated people and investors are not specified, but the company collaborated with Piermont Bank to ensure FDIC-insured deposits. One of its key achievements was creating a platform that combined financial services with ESG insights, promoting responsible consumer behavior. Despite its impactful mission, Purpose Finance has decided to wind down operations, leaving a legacy of striving to make finance a force for good.

Purpose Finance - Similar Companies

FinGoal logo

FinGoal

fingoal.com

PortF logo

PortF

portf.io

Method Financial logo

Method Financial

methodfi.com

co.dev logo

co.dev

getfinex.com

Envelope logo

Envelope

Modernbanc logo

Modernbanc

modernbanc.com

Positive Finance logo

Positive Finance

positive.finance

EQL Finance logo

EQL Finance

eqlfinance.com

Penny Finance logo

Penny Finance

penny-finance.com

Finch logo

Finch

choosefinch.com

Purpose Finance - Quick Facts

Who are Purpose Finance's competitors?

Companies similar to Purpose Finance include FinGoal, PortF, Method Financial and co.dev.

When was Purpose Finance founded?

Purpose Finance was founded in 2020.

Where is Purpose Finance's headquarters located?

Purpose Finance's headquarters is located in San Francisco, CA, US.

When was Purpose Finance's last funding round?

Purpose Finance's most recent funding round was for $125k (USD) in March 2021.

How much has Purpose Finance raised to-date?

As of Mar 22, 2021, Purpose Finance has raised a total of $125k (USD).

Purpose Finance - Classification

Ownership
  • Venture Capital
Technology
  • Analytics
Model
  • Platform
Revenue
  • Software
  • Transactional
Customer
  • Consumers
Main Product
  • ESG Data
  • Financial Services
Tags
  • API
NAICS
  • 520000Finance and Insurance
SIC
  • 6000Depository Institutions
Show 9 more industry codes
NAICS
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 8740Management And Public Relations Services
  • 6282Investment Advice
  • 8742Management Consulting Services