SeedFi

01 / WHAT IT BUILT

What the company did

SeedFi was a financial health fintech founded in March 2019 by Jim McGinley (CEO) and Eric Burton (COO), whose team had worked at both mission-driven startups and big banks like JPMorgan Chase and Capital One. It built products for Americans living paycheck to paycheck — Credit Builder and Borrow & Grow — designed to help users build credit, save money and access funds. Its two flagship products combined savings with credit so that customers could address immediate credit needs while building toward a better financial future. Andreessen Horowitz led both its $4 million seed round at founding and its $65 million Series A in February 2021 ($15 million equity plus $50 million in debt), with Flourish, Core Innovation Capital and Quiet Capital participating; total funding reached $69 million. In late 2021 Credit Karma partnered with SeedFi to offer Credit Builder to its members — members increased their credit score by an average of 21 points in 30 to 45 days and built up over $10 million in savings.

03 / EVENT HISTORY

Events in the structured record

1. 2019
   Founded

   Jim McGinley and Eric Burton found SeedFi in San Francisco; Andreessen Horowitz leads a $4 million seed round.

2. 2021
   Series A and launch

   SeedFi raises $65 million ($15M equity + $50M debt) in February, led by a16z, and launches publicly; in late 2021 Credit Karma partners with SeedFi to offer Credit Builder to its members.

3. 2022
   Acquired by Intuit

   On December 1, 2022, Intuit announces an agreement to acquire SeedFi (legal entity McBurberod Financial, Inc., d/b/a SeedFi); terms undisclosed. Upon close, SeedFi becomes part of Intuit's Credit Karma business, combining its Credit Builder technology with Credit Karma's credit-bureau relationships.