Tanda, a Cupertino, CA-based provider of a financial health platform for SMB employees, has raised $4.5M in seed funding.
Backers included Initialized Capital and Arc.
The company intends to use the funds to accelerate its platform’s evolution and expand operations.
Led by CEO and Founder Jesse Chor, Tanda provides a financial platform that supports financial resilience and community building. It employs the ROSCA (Rotating Savings and Credit Association) model to enhance the financial health of SMB employees. This approach aids in retaining employees, reducing turnover, and minimizing burnout. Tandas3, with roots dating back to 200 BC, involve participants contributing to a savings pool, with each member taking turns to receive the entire sum. This cycle reinforces mutual trust and collaboration, while an app ensures these transactions are conducted securely.
FinSMEs
16/11/2023