See other companies on Welcome to the Jungle
Spiral
Ethical banking app
- 21-100 employees
- Fintech
- B2C
- B2B
- Banking
- Sustainability
- Social Impact
- Chelsea, New York, NY
Jump to section
Company mission
To empower over 10,000 US financial institutions and millions of people to contribute to a better world.
-9% employee growth in 12 months
Our take
Spiral is a challenger bank that, alongside offering no-fee and no-minimum deposit checking and savings accounts, accommodates easy charitable donations. It does this by automatically taking a percentage of customers' incoming funds to charities of their choice.
More than 50% of Americans donate to charity, totaling almost $500 million annually. Spiral is aiming to increase this by making it much easier for people to do so, while also matching donations made by its customers.
With the rise of ethically conscious consumerism, it’s a good time for a model like Spiral’s to take its place in the market. The company was co-founded by a former JP Morgan Managing Director and a serial Chief Marketing Officer with experience from Skype and Check Inc, suggesting that it has the industry knowledge and the scope for growth in the public consciousness, to go far.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Fully remote working: We're a globally distributed team and support remote and in-person work
- Health and wellness: Employer-paid medical plan, vision, and dental, long-term and short-term disability insurance
- 401k: Startup equity and 401(k) plan
- Parental leave: Parental leave for both mothers and fathers to bond with their new child
- 20 days PTO: Employees are provided with 20 days of paid time off (PTO) per year
- HSA account: Health Savings Account (HSA) for eligible employees
Funding (2 rounds)
Mar 2023
$28m
SERIES A
Mar 2021
$14m
EARLY VC
Total funding: $42m
Leadership
Shawn Melamed
(CEO)Worked as a Managing Director at Morgan Stanley, heading up the build of its Technology Business Development and Innovation Offices. Co-founder of Hub of Love.