One Finance
“Can a neobank win middle-class American households by combining banking, savings, and credit in a single app backed by a community bank sponsor?”
Founded2019
HQSan Francisco, California, USA
FoundersBill Harris, Brian Hamilton
Total raised$66M
Latest roundSeries B, August 2021
IndustryFintech / Neobank
The story
Founded in 2019 by former Intuit CEO Bill Harris and Capital One alumni Brian Hamilton, One Finance set out to serve middle-income American households underserved by traditional banks. The product launched publicly in late 2020 as an all-in-one banking app combining spending, saving, and credit features, backed by Coastal Community Bank as sponsor bank. The company positioned itself as a neobank specifically for the stretched middle class rather than the tech-savvy early adopters targeted by most neobanks.
Last 12 months
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Product timeline
2019
One Finance founded by Bill Harris and Brian Hamilton with $9M seed from Harris; targeting middle-class banking.· banking
2020
Product made generally available in September 2020, growing to hundreds of thousands of customers.· banking
2020
Raised $17M Series A led by Foundation Capital to scale neobank for middle-class households.· banking
2021
Raised $40M Series B led by Progressive Investment Company to deliver all-in-one banking for middle-income families.· banking
The stack
2 layers disclosed in One Finance’s embedded-finance stack
Banking / BaaS
Coastal Community Bank (sponsor bank)
Sponsor bank
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.