MoneyStack, a Pittsburgh, PA-based company providing a financial counseling platform for behavioral health care, raised $250K in funding.
Richard King Mellon Foundation made the investment.
The company intends to use the funds to accelerate growth of its proprietary service for gambling addiction, GamFin, throughout the U.S., and to expand partnerships with state agencies, non-profits, and other organizations across Pennsylvania.
Led by CEO and Founder Alex De Marco, MoneyStack is an HIPAA-compliant platform that mental health treatment providers can use to meet and collaborate virtually with financial counselors to support clients struggling with financial difficulties caused by gambling. Treatment providers can work with MoneyStack’s financial professionals to integrate financial counseling into treatment plans. The company also provides financial training for treatment providers, designed to help clients develop a healthier relationship with money.
Today, MoneyStack has partnerships with state gaming commissions, state departments and agencies, non-profits, private clinics, and other behavioral health organizations.
The company is a member of the Techstars Economic Mobility Accelerator class of 2023. Investors include RKMF, The Fintech Fund, Sidecut Ventures, and angel investors.
FinSMEs
24/10/2024