Seashell Unveils Inflation-Resistant Investment Product Alongside $6M Seed Round

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Seashell, the fintech institution dedicated to gathering a consumer-first, modern banking and concern experience, emerged from stealth with the announcement of Seashell Save, an easy-to-use, precocious output concern app offering up to 10% involvement to users.

The institution besides announced a $6M seed backing circular backed by a database of salient investors with backgrounds successful user finance, Web3, and authorities service. Co-led by Khosla Ventures and Kindred Ventures, the circular besides included Robinhood’s co-founder and CEO Vlad Tenev, Shark Tank’s Mark Cuban, unicorn investor Elad Gil, erstwhile CFTC Chairman and “CryptoDad” J. Christopher Giancarlo, Coinbase Ventures, and founders of Web3 projects including Terra, Solana, Avalanche, and Polygon.

“Smart savers should powerfully see utilizing Seashell arsenic a elemental solution to bushed rising prices,” said Mark Cuban. Due to inflation, prices person risen 7.0% implicit the past year–the largest summation since 1982–leaving consumers searching for alternatives to slope involvement rates, which person been trapped good beneath 1%.

Seashell.com offers users simple, smart, and unafraid ways to gain yields, automating the analyzable processes of managing money. After opening a verified account, users simply transportation wealth from their slope accounts and commencement earning dependable involvement successful Seashell Save. The concern app is escaped to acceptable up, and the institution aims to supply higher yields than what astir banks tin offer, straight to its users.

“Higher involvement rates exist, but they are hard to entree for the mean consumer,” said Daryl Hok, laminitis and CEO of Seashell. “By prioritizing compliance and gathering an easy-to-use mobile app, Seashell.com aims to beryllium the new, smarter location for your money, raising the tide for everyone.”

Seashell is led by an experienced squad from Google, Robinhood, Klarna, Snap, NerdWallet, and starring blockchain information steadfast CertiK, wherever Hok antecedently served arsenic COO. The squad is actively hiring engineering, marketing, and plan endowment to revamp today’s archaic banking and concern acquisition done modern technologies and simplified products.

Highlights of Seashell Save:

  • Free and easy: The Seashell app is disposable for iOS and Android devices. Verified users tin simply implicit the sign-up flow, link their slope accounts, and commencement earning involvement instantly upon transfer.
  • Higher involvement rates: Seashell Save offers up to 10% involvement connected users’ funds, portion providing the flexibility to redeem astatine immoderate clip without fees oregon penalties.
  • Limited-time sign-up bonus: Seashell.com is offering a $10 sign-up bonus to each idiosyncratic who joins the waitlist. This sign-up bonus volition instantly statesman earning involvement and beryllium made disposable successful the Seashell app.

The waitlist is present unfastened at seashell.com.

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