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

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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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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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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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M1 Finance does not have an official ticker symbol because this company is not currently publicly traded.
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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: Sep 9, 2024

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