Envel

Envel

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Overview

Envel is a financial services company that specializes in the fields of consumer banking, fintech, money management, and wealth management. It features and an autopilot software platform that uses the power of Artificial Intelligence to guide your finances in real-time.

Envel has developed patent-pending AI banking tech to help take care of personal finances 24/7 in a way that benefits the user’s pockets and not the middleman. The company's unique behavioral science-driven technology formulates and implements the best savings and spending model for its customers to ensure there is little unnecessary spending. Through its Envel Money Management System, each user's Spending DNA™ is defined and tracked by a system that learns individuals' habits over time and automatically adjusts account splits and friction accordingly.

Envel is initially geared towards helping keep college students cash in check, and aim to eventually help more than one million college students get out of debt.

About

Industries

Financial Services, FinTech, Banking, Artificial Intelligence (AI), Wealth Management

Founded

2018

Employees

11-50

Headquarters locations

United States, North America

Social

N/A

Profile Resume

Envel headquartered in United States, North America, operates in the Financial Services, FinTech, Banking, Artificial Intelligence (AI), Wealth Management sector. The company focuses on Financial Services and has secured $3.0B in funding across 200 round(s). With a team of 11-50 employees, Envel is actively contributing to advancements in Financial Services. Their latest funding round, Equity Crowdfunding - Envel, raised $Unknown amount. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Matthew Armandi

Matthew Armandi

Chief Financial Officer

imagePlace Steve Le Roux

Steve Le Roux

Founder

imagePlace Alwyn Van Wyk

Alwyn Van Wyk

CIO

Funding Rounds

Funding rounds

10

Investors

1

Lead Investors

0

Total Funding Amount

$14.8M

Details

5

Envel has raised a total of $14.8M in funding over 5 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2021Seed4.5M
2021Seed
2019Seed3.0M
2021Seed3.5M

Investors

Envel is funded by 19 investors.

Investor NameLead InvestorFunding RoundPartners
Envel-FUNDING ROUND - Envelundefined
DCU FinTech Innovation Center-FUNDING ROUND - DCU FinTech Innovation Centerundefined
Envel-FUNDING ROUND - Envelundefined
Spark-FUNDING ROUND - Sparkundefined

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