Chicago based M1 Finance raised $150m in Series E funding led by SoftBank at a post money valuation of $1.45b.
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M1 Finance raises $150m in SoftBank-led Series E
“Lockdown led many to decrease their spending, while an uncertain future increased the appetite to build wealth for the long-term through investing...M1 experienced this firsthand. We quadrupled our assets under management since the start of the pandemic last March… and saw a 3x increase in signups in January 2021 compared to the month prior," said Brian Barnes, CEO and founder.
