Fierce, a financial app founded by former Nyse CIO Rob Cornish, was launched with $10 million in seed funding.
The financing round was attended by Pendrell, AP Capital, Wheelhouse Digital Studios, and Space Whale Capital. The funds raised during this round will be used to form staff and as part of customer engagement activities.
Fierce is available for iOS devices. Whether the Android version of the app will appear is still unknown. The Fierce offers users an FDIC-insured checking account with an income of up to 4.25% per annum, and a commission-free debit card with access to more than 55,000 ATMs without commission. Also, by the end of this year, a Fierce Rewards credit card will be issued with a 1.5% refund on all expenses.
Rob Cornish, who was also the technical director of crypto outfit Gemini, stated that Fierce is a customer-oriented financial application that allows one to feel comfortable. He also noted that the development team is focused on following the goal of providing customers with the best achievements of fintech.
Rob Cornish described the app as an incredibly advanced platform with a simple user interface. Separately, he noted that the developers managed to provide the maximum possible return for customers.
There are no monthly payments or restrictions for users of the application. There is also 24/7 support, educational resources, market analytics, and the ability to link other existing financial accounts in the app.
Users of the application have access to stock trading, where they can purchase fractional shares and ETFs. Consumers also have the opportunity to profit from their stock holdings through a fully paid-for securities lending program.
Rob Cornish said that Fierce pulls in revenue from the investing side and also on the assets under management.
As we have reported earlier, M&G Wealth Introduces Hybrid Robo-Advisor App.