Barclays joins $7m seed round for credit-building card TomoCredit

TomoCredit, the US startup behind a credit card designed to help first-time borrowers build credit history, has raised $7 million in a seed funding round joined by Barclays.KB Investment, a subsidiary of South Korea’s Kookmin Bank, Knollwood Investment Advisory, BAM Ventures, Passport Capital, Ulu Ventures, Strong Ventures, and a host of angels joined the round. According to the Consumer Financial Protection Bureau, more than 30 million young adults in the US are considered “cash rich” but wi
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