M1 Finance Stock

m1finance.comFinTech / Personal FinanceFounded: 2015Funding to Date: $332.64MM

M1 Finance is a developer of a financial wellness app that aims to help people manage and grow their money with control and automation with no fee. With a mission to streamline everyday finance, the company features cash accounts and investment accounts such as brokerage, retirement, or crypto savings. M1 Finance was founded by Brian Barnes in 2015 and is headquartered in Chicago, IL.

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Private Market Pricing DetailsValuation & Financings

M1 Finance Stock Price

Forge Price 1
Price not yet available
Last Closed Trade 2
Close Date
xx/xx/xx
Last Closed Trade Price
$xx.xx
Last Funding Round (LFR)
Date
xx/xx/xx
Price per Share
$xx.xx

M1 Finance Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
07/14/2021 Series E $150MM $xx.xx $1.42B SoftBank, Left Lane Capital, Clocktower Technology Partners, Chaifetz Group
Price per Share
$xx.xx
Shares Outstanding
10,665,559
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
SoftBank, Left Lane Capital, Clocktower Technology Partners, Chaifetz Group
03/09/2021 Series D $75MM $xx.xx $791.95MM Coatue, Left Lane Capital, Clocktower Technology Ventures
Price per Share
$xx.xx
Shares Outstanding
8,631,418
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Coatue, Left Lane Capital, Clocktower Technology Ventures
10/14/2020 Series C $49.77MM $xx.xx $454MM Left Lane Capital, Jump Capital, Clocktower Technology Partners
Price per Share
$xx.xx
Shares Outstanding
9,008,470
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Left Lane Capital, Jump Capital, Clocktower Technology Partners
06/10/2020 Series B $34.57MM $xx.xx $140.07MM Left Lane Capital, Jump Capital, Clocktower Technology Partners
Price per Share
$xx.xx
Shares Outstanding
17,500,492
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Left Lane Capital, Jump Capital, Clocktower Technology Partners
04/09/2018 Series A $20.05MM $xx.xx $58.73MM Undisclosed Investors
Price per Share
$xx.xx
Shares Outstanding
17,857,727
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
11/14/2016 Series FP-3 $1.15MM $xx.xx $31.39MM Chicago Ventures
Price per Share
$xx.xx
Shares Outstanding
1,918,381
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Chicago Ventures
11/14/2016 Series FP-2 $1.2MM $xx.xx $31.39MM Chicago Ventures
Price per Share
$xx.xx
Shares Outstanding
3,000,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Chicago Ventures
11/14/2016 Series FP-1 $905,054 $xx.xx $31.39MM Chicago Ventures
Price per Share
$xx.xx
Shares Outstanding
16,455,534
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Chicago Ventures

M1 Finance investors also invested in these private companies

Leadership & Board

Leadership

Brian Barnes
Founder, Chief Executive Officer & Board Member
Caleb Matheny
Chief Financial Officer
Bob Armour
Chief Marketing Officer
Michael Savino
Chief Of Staff
Steven Gall
Vice President, Engineering

Board

Dan Aherns
Board Member
Daniel Senft
Coatue Management
Harley Miller
Left Lane Capital
Ilan Shalit
Board Member
Kai Jian Chua
SoftBank Investment Advisers
Peter Johnson
Jump Capital

M1 Finance stock FAQs

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Can you buy M1 Finance stock?

As M1 Finance is not publicly traded, purchasing its stock is not available to everyone. To buy the stock of a private companies like M1 Finance, you must be an accredited investor. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to buy private market stock. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.
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How to buy M1 Finance stock?

To invest in a private company like M1 Finance through Forge, you must first qualify as an accredited investor. (Learn more about the accreditation process.)

  1. Create a free account to access Forge’s marketplace.
  2. Express your interest in specific investments. Within Forge Markets, you will find detailed pricing and financing information for thousands of private companies.
  3. Throughout this process, a dedicated Forge Private Market Specialist will be available to address any questions you may have and to guide you seamlessly through each step of the transaction.
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Can you sell M1 Finance stock?

Yes, you may sell the M1 Finance stock you currently own. Forge can help you facilitate the sale of your stock in a manner that aligns with your needs and the company’s interests. If you are looking for liquidity, register with us today to begin the process. A dedicated Forge Private Market Specialist will be available to address any questions you may have along the way.
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How to sell M1 Finance stock?

If you hold private company shares of M1 Finance – whether as an employee or an early investor – Forge can help you sell them.

  1. Create a free Forge account, this will give you access to Forge’s marketplace and to one of our experienced Private Market Specialist to answer any questions you might have.
  2. Indicate your interest to sell your M1 Finance on our platform.
  3. Work with your dedicated Private Market Specialist who’ll help guide you through every step of the transaction.
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Is M1 Finance a public company?

No, M1 Finance is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.
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What is M1 Finance’s stock price?

M1 Finance is a privately held company and therefore does not have a public stock price. However, you may access M1 Finance private market stock price with Forge Data.
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What is M1 Finance’s stock ticker symbol?

M1 Finance does not have an official ticker symbol because this company is not currently publicly traded.
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Can institutional investors buy and sell private market stocks?

Yes. As one of the largest trading platform for the private market, Forge helps institutional investors seek liquidity as they buy and sell private stock for their portfolios or their clients. Our private market specialists have decades of experience working with institutional firms. Learn more or register today to get started.

M1 Finance’s news and media highlights

The card earns a solid cash-back reward tier rates of 2.5%, 5%, and 10% for M1 Plus members on eligible purchases and also gives 1.5% cash back on all other eligible purchases. The cash back earned can be automated to invest back into your portfolio, known as “Pies”. The pie you have set up for your portfolio can automatically take your earned cash back after each statement cycle, and allocate the funds accordingly 一 making the credit card earnings akin to passive long-term investing. Ben Reid, M1′s general manager of credit cards, echoed the ethos of M1 as an investment platform, rather than day trading. And that with its credit card, “you can get special perks for being an owner” of your favorite companies. Keep in mind that shareholding is no longer a requirement when it comes to earning top-tier rewards.
Investment application startup M1 Finance LLC said today it has raised $150 million in a late-stage funding round to develop new products and features and enhance customer service. SoftBank Vision Fund 2 led the Series E round. Other investors included Coatue Management, Left Lane Capital, Jump Capital and Clocktower Technology Ventures. The funding was raised on a valuation of $1.45 billion, giving M1 Finance “unicorn” status for the first time. Founded in 2015, M1 Finance pitches itself as providing the “Finance Super App,” an app that helps people manage and grow their money with control and automation. The app offers a range of investment, banking and lending options on a no-fee basis.
Just over four months after announcing a $75 million Series D, M1 Finance today is announcing a new $150 million Series E round of funding led by SoftBank’s Vision Fund 2. The financing, which also included participation from existing backers, propels the Chicago-based fintech to unicorn status with a valuation of $1.45 billion. It also marks M1’s fourth funding round in just over a 13-month time frame, and brings its total raised since its mid-2015 inception to over $300 million. Previous investors include Coatue Management, Left Lane Capital, Jump Capital and Clocktower Technology Ventures, among others.
To scale access to its financial wellness portal, M1 Finance said it will expand the depth and breadth of its customer-driven product portfolio through a $75-million Series D funding round led by Coatue. The Series D follows a $45-million Series C and $33-million Series B in 2020. Previous investors Left Lane Capital and Clocktower Technology Ventures also participated in this round. In addition to surpassing $3.5 billion in client assets, M1 said new signups grow by a factor of three, while its app reached No. 10 in the App Store’s finance category.
Updated on: Nov 17, 2024

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