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Atlanta based financial savings management platform DoubleNet Pay has secured $4m in Series Seed funding led by TTV Capital and Fuqua Investments. With DoubleNet Pay, users build their savings by automatically deducting funds from their paycheck and depositing them into a savings account from which the funds can be withdrawn at any time.
The company takes a B2B approach by selling its software to businesses to offer to their employees as a workplace benefit. “We found that employers are the best way to reach the people that need our help the most,” Cosgray said. “Most people’s only investment account is through the employer through their retirement plan.” At FinovateSpring 2015, the company showcased its savings empowerment platform. In 2016, the company earned a spot in Plug&Play’s accelerator program. Earlier that year, DoubleNet Pay’s CEO Brian Cosgray was selected as an EBN Top 50 Benefit Technology Innovator.
http://finovate.com/doublenet-pay-garners-4-million-investment/
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