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SEATTLE (January 20, 2021) — Secure, the benefit solution for emergency savings, announces the closing of a $3.5 million seed funding round. Secure helps people save for emergencies and better handle unexpected financial hardships by partnering with employers, leading benefit providers, and financial service organizations.
Key investors in the round include PSL Ventures, IA Ventures, Bloom Capital, SeaChange Fund as well as participation from leading angel investors based in Seattle and San Francisco.
“We are very pleased to have attracted such a strong set of investors as we roll out Secure to customers in early 2021,” said Devin Miller, CEO of Secure. “With this financing, we are now able to execute on making Secure the leading platform for employers to expand their benefit package to include an emergency savings component for all employees. Emergency savings has never been more important, or top of mind as leading employers look to better support employees during these uncertain times. Our goal is to make Secure the market leader in emergency savings by fulfilling our mission of helping people save for the unexpected and helping them better navigate financial hardships.”
“We have a savings crisis in our country right now, with 40% of Americans being unable to afford an unexpected $400 expense,” said Geoff Entress, managing director at Pioneer Square Labs, the startup studio that spun out Secure. “The Secure platform allows employees to effectively save for these unexpected expenses and for employers to show they care by helping them. I couldn’t be more excited to have Pioneer Square Labs helping Secure to accomplish this mission.”
Secure provides any employer with the ability to make a significant impact on employees for a low comparable cost. “Employer emergency savings programs have the power to change the way employees face financial stress and uncertainty by giving them the tools they need to create financial peace of mind. This benefit is a low-cost, easy-to-maintain program that will have a big impact on employees so they can focus their efforts on doing their jobs well,” says Miller.
In Q1 2021, Secure will begin deploying its innovative Emergency Savings program with the first several employers who have worked with Secure to support development of the platform during the second half of 2020. Now enrollment is open to all employers. To sign up or schedule a demo, visit https://securesave.com.
About Secure
Headquartered in Kirkland, Washington, Secure is a financial technology platform designed to help individuals build emergency savings through an employer benefits platform. It was co-founded by Devin Miller and Bassam Saliba, former technology and finance industry executives, who realized that emergency savings needed to be easier and more accessible to help solve the growing savings crisis in the US. Secure’s emergency savings program makes an immediate impact on employee lives; by increasing financial wellness through a program that is easy to deploy and manage at low cost of ownership for the employer. Most of all, it is well received and accepted as adding value to working for a company that cares. To learn more about the company, visit the website at https://securesave.com.
About Pioneer Square Labs
Pioneer Square Labs is a Seattle-based startup studio and venture firm (PSL Ventures) that finances, creates, and launches technology startups. For more information, visit www.psl.com
