Source: Fortune.com
Summary
Super.com, a savings app for everyday Americans, has raised $65 million in Series D funding led by TPG, valuing the company at $1.2 billion. The app offers a range of services, including cashback, prescription discounts, and credit-building tools, for a $15 monthly fee. The company has surpassed $200 million in net revenue and grown over 50% year-over-year. Super.com’s founder, Hussein Fazal, aims to help 100 to 150 million Americans with household incomes under $100,000 save money. The company has also partnered with NASCAR as its official savings partner.
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The numbers tell one story.
Super.com’s valuation has more than doubled in a year, with a growth rate of over 50%. Hussein Fazal’s focus on the everyday American market is paying off, with the company approaching one million members. The app’s services, including cash advances and credit-building tools, are designed to help lower-income consumers save money. With the rise of personal finance apps, Super.com is positioning itself as a key player in the market. The company’s partnership with NASCAR also highlights its focus on reaching a wider audience.
As Fazal said, “There are 100 to 150 million Americans in that everyday American category, under $100,000 household income, and we’re trying to do our best to help them save.” This statement reveals the company’s mission and target market. Harley Finkelstein, Shopify’s president, also praised Fazal’s “give-a-shit quotient,” highlighting the founder’s commitment to his customers.
The company’s growth and valuation are impressive, but the real story is in the numbers – and the people behind them.
Author: Evan Null
