Fierce, a “feel-good” finance app founded by former NYSE CIO Rob Cornish, has officially launched after emerging from stealth mode, securing $10 million in seed funding.
Investors in this funding round included Pendrell, AP Capital, Wheelhouse Digital Studios, Space Whale Capital, and various angel investors. The capital will be utilized for hiring new talent and acquiring customers.
The Fierce app is now available on iOS, providing users with a FDIC-insured checking account that earns up to 4.25% APY and a no-fee debit card with access to over 55,000 fee-free ATMs. Additionally, a Fierce Rewards Credit Card is expected to launch later this year, offering 1.5% cash back on all purchases.
Users can also invest in stocks and ETFs, including the option to buy fractional shares, with plans for crypto trading to be introduced in the future.
Cornish, who previously served as CTO of cryptocurrency platform Gemini, stated, “Fierce is a customer-focused, feel-good finance app. We are truly mission-driven in our effort to bring the best of fintech to people, which is why we built an incredibly advanced platform with a simple user experience to maximize yield for our customers.”