Atlanta based Greenlight Financial Technology, the family finance focused fintech startup, has raised $260 million in Series D funding led by Andreessen Horowitz along with participation from Wellington Management, Owl Ventures and LionTree Partners. The series D round also witnessed participation of existing investors TTV Capital, Canapi Ventures, Wells Fargo Strategic Capital, BOND, Fin VC, and Goodwater Capital, bringing the startup’s total funding to over $550 million and almost doubled the company’s valuation to $2.3 billion from $1.2 billion six months ago.
Founded in 2014 by Johnson Cook and Timothy Sheehan, Greenlight provides a debit card as well as apps designed to help parents monitor their child’s spending habits. The funding will fuel the company’s growth as it expands its product portfolio and distribution to improve the financial lives of more families.
