Empower (Finance) — Funding, Investors & Signals 2026

Empower

An Inc 5000 company on a mission to expand access to fair credit.

Founded 2016

San Francisco, United States 178 employees Series B Total: $174.50M Finance, Fintech +2

Empower is a high-growth financial technology company with a mission to expand access to fair credit. The company aims to provide individuals worldwide with the opportunity to improve their financial security and mobility. Empower has introduced unique features such as Empower Cash Advance, Empower Automatic Savings, and the new Empower Thrive line of credit, which have been well-received by its members. These services have been described as life-saving, game-changing, and a lifeline to low-cost borrowing, offering a practical path to building good credit. Founded in 2016 and headquartered in the United States, Empower has garnered significant attention and support from investors. It is backed by notable names including Sequoia Capital, Blisce, and Icon Ventures. The most recent notable investment was a $150.00M Series B investment on 08 July 2021, with participation from Initialized Capital, Blisce, Icon Ventures, and other key investors. Empower's achievements have not gone unnoticed, as it has earned recognition from various reputable sources. The company was ranked #56 in the 2023 Inc. 5000 list of the fastest-growing private companies in the US and was included in Forbes' 2023 list of America's Best Startup Employers. Additionally, the new Empower Thrive line of credit was acknowledged by Fast Company in their 2022 list of the Next Big Things in Tech. Empower's innovative approach to financial services and its impressive growth trajectory make it an attractive prospect for further investment and a compelling opportunity for individuals looking to make an impact and accelerate their careers within the finance, fintech, and banking industries.

Funding Stage	Amount	Investors	Lead Investors	Date
Series B	$150.00M	8	Initialized Capital, Icon Ventures +6	08 Jul 2021
Series A	$20.00M	2	Avichal Garg, Defy Ventures	05 Mar 2020
Seed Round	$4.50M	-		19 Sep 2018
Seed Round	Undisclosed	-		09 May 2017

Funding Stage

Amount

Investors

Lead Investors

Date

Series B

$150.00M

Initialized Capital, Icon Ventures +6

08 Jul 2021

Series A

$20.00M

Avichal Garg, Defy Ventures

05 Mar 2020

Seed Round

$4.50M

19 Sep 2018

Seed Round

Undisclosed

09 May 2017

FAQ About Empower

An Inc 5000 company on a mission to expand access to fair credit.

Empower was founded in 2016.

Empower is headquartered in San Francisco, United States.

Empower operates in Finance, Fintech, Lending and Investments and Banking. Its work centres on Credit Access, Personal Finance, Mobile App and Financial Technology.

Empower has approximately 178 employees.

Empower has completed 4 funding rounds, raising a total of $174.50M. The latest funding stage is Series B.

Top alternatives and competitors to Empower include Moka Financial Technologies, AsiaKredit , Namara Fintech, マネーツリー・Moneytree, ReadyForZero. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Empower and Moka Financial Technologies are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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