Onward Financial, Inc

Onward is a non-profit employer-based mobile savings and credit app providing financial security to workers. #GetOnward

Founded 2016

Washington, United States 3 employees Grant Total: $1.00M Financial Services, Fintech

Onward Financial, founded in 2016, is a non-profit employer-based mobile savings and credit app aiming to provide financial security to workers. Through its slogan, "#GetOnward," the company emphasizes its mission to assist employees in building a financial cushion for themselves. Onward addresses the issue of financial vulnerability by enabling employers to offer a financial wellness benefit to their workforce. The Federal Reserve's data, revealing that nearly 47% of Americans cannot come up with $400 in case of an emergency, underscores the significance of Onward's mission. The company's focus on the low to moderate income demographic is particularly relevant as this group can experience financial shocks leading to panic and reliance on pay advances or predatory loans. Onward's solution involves a mobile app and accompanying website that allows employees to set financial goals and begin saving from their paycheck into a savings account. The utilization of push notifications to deliver financial tips, tools, and resources directly to employees' mobile devices contributes to fostering confidence in managing finances. Furthermore, after being active Onward savers for at least 3 months, employees become eligible to access a responsible loan, providing an alternative to a payday loan or advance. The last investment of $1.00M in the form of a grant was received on December 4, 2018 from notable investors including the Chan Zuckerberg Initiative and The Rockefeller Foundation. Onward's innovative approach to supporting workers in achieving financial security aligns with the growing focus on financial wellness in the workplace. As the company continues to make strides in this area, it presents an intriguing opportunity for investors looking to support impactful solutions to address financial vulnerability and promote economic resilience. With its emphasis on providing every worker with a financial cushion and a greater sense of financial security, Onward represents a compelling player within the Financial Services and Fintech industries.

Funding Stage	Amount	Investors	Lead Investors	Date
Grant	$1.00M	2	Chan Zuckerberg Initiative, The Rockefeller Foundation	04 Dec 2018

Funding Stage

Amount

Investors

Lead Investors

Date

Grant

$1.00M

Chan Zuckerberg Initiative, The Rockefeller Foundation

04 Dec 2018

FAQ About Onward Financial, Inc

Onward is a non-profit employer-based mobile savings and credit app providing financial security to workers. #GetOnward

Onward Financial, Inc was founded in 2016.

Onward Financial, Inc is headquartered in Washington, United States.

Onward Financial, Inc operates in Financial Services and Fintech. Its work centres on Financial Wellness, Employee Benefits, Savings and Financial Literacy.

Onward Financial, Inc has approximately 3 employees.

Onward Financial, Inc has completed 1 funding round, raising a total of $1.00M. The latest funding stage is Grant.

Top alternatives and competitors to Onward Financial, Inc include Salary Finance, Floatpays, PeraJet Lending Corporation, EQL Finance, Healthy Wallet. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Onward Financial, Inc and Salary Finance 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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