Eric Blue secures early stage capital to launch Fintech startup

American businessman Eric Blue raised early stage capital to help launch the Nevly app. Nevly is a fintech company that aims to help increase customers’ credit scores and provide users with tools to gain financial freedom.

WASHINGTON, DC, March 28, 2023 /24-7PressRelease/ — American businessman Eric Blue secured early stage capital to help launch the Nevly app. Nevly is a fintech company that aims to help increase customers’ credit scores and provide users with tools to gain financial freedom. The fintech startup raised $1.25 million in funding led by Tenacity Venture Capital.

Launched in 2021, Nevly officially hit the market with an online app called Nevly Money. Founder and CEO Eric Blue leveraged his knowledge of financial technology to create a personalized solution to help anyone struggling with bad credit scores. Consumers get a chance to make quick credit score improvements compared to older credit repair providers.

A mobile app will be released later this year. The early funding helped grow this part of the company, which will feature an AI-powered financial health assistant to help members. It will use consumer translation data to calculate economic health. There will also be customized options in the app, so members can get the best solutions.

Funding and more time have enabled Blue to strategically build his company. The early stages of Nevly had Eric Blue working on the building blocks of the business alone in his spare time. When the funding to hire and build the company started coming in, Eric wanted to make sure he built the company culture the right way.

Nevly adopted the Hybrid 2.0 work model, which extends weekends for employees while encouraging collaboration in the office three days a week. Mondays function as home working days, and employees have Fridays off.

Blue entered the fintech startup industry after finding professional success in finance and law. Eric Blue graduated from Xavier University of Louisiana and the University of Texas Law School. He used his struggles growing up as motivation to become an American businessman, launching Nevly.

The motivation for Nevly remains deeply rooted in the personal financial struggles Blue faced growing up. He witnessed his mother dealing with financial problems and realized that general help for personal financial health was not readily available. The technology now exists to harness it properly and turn it into a valuable commodity.

To learn more about Nevly and their services, visit nevly.com. This is also the source for all news and updates about the company as they become available.

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