Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
  • AI
  • Tech
  • Cybersecurity
  • Finance
  • DeFi & Blockchain
  • Startups
  • Gaming
Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

True Link Acquires $3.4 Million Funding

byDan Gray
January 23, 2015
in Trends
Home Trends

Y Combinator backed startup True Link has raised $3.4 million from a group of investors led by Cambia Health Solutions. Kapor Capital, Collaborative Fund and Generator Ventures are also participants. Cambia Health Solutions is a non-profit total health solutions company based in the Pacific Northwest/Intermountain region, serving consumers and communities for nearly 100 years.

“The thing we liked about Cambia, relative to other investors, is that they have a strong thesis around ageing,” said True Link’s CEO Kai Stinchcombe. “If you go into pick a fund on Sand Hill Road, they tend to be youth-centric. But if aging isn’t a big picture trend, I don’t know what would be demographically.” He added that two thirds of the bank accounts are held by people over 60.

Based in San Francisco, CA True Link is a provider of anti-fraud and scam protection services for caregivers of ageing adults. In response to a large number of older adults falling prey to telemarketers, unscrupulous products advertised on TV, sham charities, investment deals and such, True Link developed a True Link card which can be used to Block purchases at specific stores or merchant categories, easily set or adjust spending limits, receive alerts of suspicious charges, auto-reload from a linked account on a schedule or as needed.  One can authorise use at only specific stores and any suspicious activity at an unidentified location will be reported.

Stay Ahead of the Curve!

Don't miss out on the latest insights, trends, and analysis in the world of data, technology, and startups. Subscribe to our newsletter and get exclusive content delivered straight to your inbox.

The service is $10 a month. Cards can be funded from a bank account or direct deposit, and True Link says the process takes less than five minutes to set up.

True Link was recently recognised as the top online tool for retirement planning and living by WSJ. Reported by Techcrunch, Stinchcombe said the card was almost “infinitely customizable.” You can put limits like up to $50 at specific stores like Target or on phone bills. True Link typically gets new customers through word of mouth, or through professional service providers like financial planners or geriatric care managers.

Kai Stinchcombe established the firm after his family discovered that his grandmother was writing upto seventy- five cheques to fake charities every month. It was set up to offer assistance to millions of elderly people being conned out of large sums of money in retirement savings without unreasonable amount of monitoring or their financial independence and pride being compromised.

He stated, “Our customers save about $195 a month on average and they use our card as a replacement about their checking account,” However, he didn’t disclose how many customers the company has. Stinchcombe is reportedly planning to expand to other kind of assets that they could protect, like people’s credit scores and their savings with this funding.

(image credit: Garry Knight)

Tags: Y Combinator

Related Posts

accessiBe review: How the company helps businesses build more accessible digital experiences

accessiBe review: How the company helps businesses build more accessible digital experiences

July 14, 2025
The creator economy is dead. Welcome to the learner economy

The creator economy is dead. Welcome to the learner economy

July 3, 2025
How a crypto wallet keeps digital coins safe: All you need to know

How a crypto wallet keeps digital coins safe: All you need to know

July 3, 2025
Implementing identity first security for stronger access control

Implementing identity first security for stronger access control

April 15, 2025
Switch 2 vs Switch Lite: Is the upgrade worth it?

Switch 2 vs Switch Lite: Is the upgrade worth it?

April 9, 2025
What is airport theory: A TikTok trend that pushes travel limits

What is airport theory: A TikTok trend that pushes travel limits

March 18, 2025
Please login to join discussion

LATEST NEWS

Google discontinues Maps driving mode as it transitions to Gemini

This is how young minds at MIT use AI

OpenAI is reportedly considering the development of ChatGPT smart glasses

Zoom announces AI Companion 3.0 at Zoomtopia

Google Cloud adds Lovable and Windsurf as AI coding customers

Radware tricks ChatGPT’s Deep Research into Gmail data leak

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy

Follow Us

  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.