Rize

wealthtech-retailpersonal finance management

FOUNDING YEAR: 2015
LOCATION:
Last Update: 05/07/2020

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About

Rize has developed online savings platform that uses behavioral design to help millennials chart a path to the future they crave.

Focus

PRODUCTS & SERVICES

Automated saving tools for millennials. Helps users to visualize their goals and incentivizing them via peer comparison.

REVENUE MODEL

Rize collects a small amount of the fee from users. It also charges a fee for brokerage and deals in short-term savings which earn interest.

MAIN CLIENTS

Retail consumers

EXISTING PARTNERSHIPS

Partnered with Banks

COMMENT

RIze app brings goal option feature which enables users to add new goals, delete old goals, transfer savings between goals, and change the amount of monthly savings allocated to each goal. Rize gamified application platform which uses some basic behavioral psychology, showing users how much they are saving relative to their peers in the same situation.

People

FOUNDERS

Rishi Kumar

Justin Howell

Kirk Voltz

Rishi Kumar

Mizel Djukic

BOARD MEMBERS AND ADVISORS

Jason Nierman

Sheel Mohnot

Mike Sigal

Cathy Vasilev

Stephen Pope

NUMBER OF EMPLOYEES

11-50

INVESTORS:

500 Startups

500 Startups

500 Startups

Alumni Ventures Group

Alumni Ventures Group

Graham Holdings

Graham Holdings

Jim Kaplan

Revolution

Revolution

Revolution’s Rise of the Rest Seed Fund

Revolution’s Rise of the Rest Seed Fund

Momentum

FUNDED

YES

TOTAL FUNDING

$2 M

DATE OF LAST FUNDING

Aug 2018

SEED & PRIOR FUNDING

$2 M

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2015

LOCATION:

Views:

90 VISITORS | 182 VIEWS
LATEST FUNDING ROUND

$2 M

TOTAL EMPLOYEES
11-50

About

Rize has developed online savings platform that uses behavioral design to help millennials chart a path to the future they crave.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
People+
Other+

Innovation Programs

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