The startup combines three different traditional fintech services into one (roboadvising, neobanking and lending), allowing it to price the package aggressively. The model appears to be working. When M1 raised its Series B a few months later in June, it had reached the $1.45 billion AUM, or about 45% growth in just over a quarter. That’s very good. Today, the company announced that it has surpassed the $2 billion AUM mark, up more than 38% in the last four months.

https://techcrunch.com/2020/10/14/m1-finance-closes-45m-series-c-mere-months-after-it-raised-its-33m-series-b/