Facet raises a new $35 million round to innovate financial planning
#Facet, a #fintech company trying to revolutionize financial planning, has successfully raised $35 million in new funding. The round was led by Multiplier Capital, known for their flexible financing solutions. Founded in 2016 by CEO Anders Jones, Facet is dedicated to making financial planning affordable, accessible, and unbiased for individuals and families across the United States.
With over 14,000 households relying on their innovative, technology-driven platform, Facet offers personalized financial advice through an affordable flat membership fee, disrupting the traditional assets under management (AUM) model. This latest infusion of capital brings their total funding to approximately $210 million. The new funds will be used to enhance their technology, broaden the scope of their services, and accelerate growth to improve the overall experience for their members.
Anders Jones commented on the milestone: “At Facet, we are building the future of financial advice. This funding isn't just about growth; it's about reinforcing our commitment to helping our members live for today and plan effectively for tomorrow.”
Multiplier Capital's Managing Director, Thomas Walton-Cale, expressed enthusiasm about the partnership, highlighting Facet's dedication to innovation and their member-focused approach as key factors in their decision to invest.
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