Astra app
The automation platform for your money
Engaged 100 investors, slogged through the process, and secured $1.5m.
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We are proud to be a part of the next wave of fintech and we’ve spent the last year building the core functionality for the Astra platform. Today, you can use the Astra app to set up automation routines for your finances that will process a transfer or send you notification based on the settings or triggers you specify. We’ve helped thousands of users automatically transfer funds between their accounts and we are just getting started!
We are also excited to be joined on our mission by an amazing group of investors. Today our company is announcing that we have raised $1.5m led by Will Quist at Slow Ventures, with participation from fintech founders Jake Gibson (Nerdwallet) and Louis Beryl (Earnest) as well as Johnny Ayers (Socure), Tommy Leep (Jetstream), Yardley Pohl (Women in Product), Hustle Fund, and Alumni Ventures Group.
This funding will enable us to expand the Astra platform by developing more routines and utilizing a broader set of transfer types. Along with our existing partners at Plaid and Dwolla, we have a number of exciting partnerships in the works to enable faster transfer speeds and to move money in more ways, all on our users’ behalf.
Astra is a mobile app that helps consumers optimize their cash flow through automated bank transfers. Today, Astra announced the unprecedented release of “sweep” transfer functionality. Typically only available through private banking to high net worth individuals, “sweep” transfers automatically move funds from one account to another based on a predefined balance. Astra is the first app to bring this advanced banking feature directly to consumers. Through the Astra app, anyone can easily save money by transferring funds out of a checking account and into another account without withdrawing any more than the threshold balance. Consumers get the benefit of saving on autopilot with the confidence that their balance won’t be overly affected if it dips below the amount they specify. Transfer amounts are calculated dynamically and automated through Astra’s middleware for the ACH Network that executes bank transfers through Dwolla, Inc.
Astra graduated from Y Combinator's Startup School Advisor Track. 🙌
https://www.startupschool.org/companies/astra-finance
1 Comment
can you give us some metrics around your business like you would to a VC, and tell us about the terms of the deal, how much equity and control you had to give up etc?