Keep Financial Raises $9M in Seed Funding

Keep Financial, San Jose, California—based technology company focused on compensation to enhance recruiting and retention, raised $9m inSeed funding

Theround was led Andreessen HorowitzParticipation from Launchpad Capital, Thomvest Ventures, Cambrian Ventures, Worklife Ventures.

CoCEO founded e-commerce company Rob FrohweinAnd President Kathryn PetraliaWho co-founded the previous company? Kabbage®, a cash flow management fintech that was acquired by American Express in 2020, Keep FinancialThe launch of the KeepTM platform and its initial Keep Vesting Cash Plans. With Keep, companies can attract and retain high-quality employees with upfront cash payments that vest over time, supporting an employee’s personal goal such as a down payment on a house, repaying student loans, investing for retirement, and more. 

KeepWorks in any industry inThere are many uses for this technology, including job offers that are different inA crowded labor market. Target key workers at competitive companies to retain employees in the wake of M&A activity, ensuring key employees feel valued, and more. 

Keep’s Vesting Cash PlansEmployers may offer a portion of the compensation as usable cash. This can be delivered to employees upfront and vested or forgiven over the course of time. InReturn, employees agree to continue being supportive, active workers during that period. Keep’s Vesting Cash PlansIt can cost as little as a few thousand dollars for entry-level positions with high turnover rates, to six figures for senior roles that require specific skills and experience. This ensures it is an option for all workers.

FinSMEs

18/05/2022

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