Nearside Raises $58 Million Series B for Free Checking Account with Universal 1% Cashback Rewards for Business
By Taylor Griffin · 13 December 2021
Nearside (formerly Hatch) announced a $58 million Series B round of funding, seven months after announcing its $20mm Series A in April 2021. The Series B was led by Valar Ventures, with additional investors Kleiner Perkins, Foundation Capital, Jim Breyer from Breyer Capital, Michael Ovitz (Founder of CAA), Kevin Hartz (Founder of Eventbrite), Ryan Petersen (Founder of Flexport) and others.
Post-COVID, small business ownership has exploded to include over 60 million hard working sole proprietors, freelancers, contractors, and gigsters who operate in the United States.
In 2022, Nearside is planning to expand their portfolio of products and services with the launch of its Term Loan product and Sprout, an easy way for our customers to incorporate their businesses right from their Nearside dashboard.
“We believe that people work hard to earn their money and they should be rewarded when they invest in their businesses and not lose their money on hidden bank fees. Access to capital and premium cashback rewards should not be limited to those with prime credit scores.” said Thomson Nguyen, Founder and CEO, Nearside.
Companies in this story: Nearside
People in this story: Thomson Nguyen