Tuesday, May 9, 2023

Charlie Raises $7.5M, Aims At Banking For Retirees

Los Angeles-based Charlie annoucned this morning that it has raised $7.5M in a venture funding round, and has launched a new, banking service aimed at retirees and soon-to-be-retirees who are older than 62. According to the startup, the venture funding came from Better Tomorrow Ventures, Exapa, Ayokunle Omojola, and Gokul Rajaram. The new startup is led by CEO Kevin Nazemi, who was a co-founder of Oscar Health, and also fouunded Renew Health, a healthcare technology company focused on retirees. According to the company, its banking services help seniors specifically with the "asset deaccumulation" challenges they face as they retire, and to address issues with financial services products, most of which are designed for those working full-time and generating income.

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