Fierce is a financial management app that combines high-yield checking accounts with commission-free trading for stocks and cryptocurrencies, offering users a 4.50% APY on cash deposits. It addresses the need for busy professionals to efficiently manage their finances in one platform, eliminating the hassle of multiple apps while providing tools for budgeting, trading, and wealth tracking.
Funding
$10.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Busy professionals often juggle multiple financial apps to manage checking accounts, investments, and budgeting, leading to inefficiencies and a fragmented view of their overall financial health. Existing solutions may lack high-yield interest rates on cash deposits or commission-free trading options, hindering wealth accumulation.
Solution
Fierce is a financial management application that consolidates high-yield checking accounts with commission-free stock and cryptocurrency trading into a single platform. Users benefit from a 4.50% APY on cash deposits, a free debit card, and access to over 55,000 ATMs. The app enables users to trade stocks and ETFs without commissions, invest in fractional shares, and earn passive income through stock lending. Fierce also facilitates regulated cryptocurrency trading available in all 50 states, partnering with Paxos for secure transactions.
Target Audience
Fierce targets busy professionals seeking a comprehensive financial management solution that combines high-yield savings, commission-free trading, and budgeting tools in one application.
Features
- High-yield checking account with 4.50% APY, FDIC-insured up to $250,000
- Commission-free trading of stocks and ETFs with fractional share investing
- Regulated cryptocurrency trading through a partnership with Paxos
- Free debit card with access to over 55,000 ATMs
- Stock lending program to earn passive income
- Integration with Plaid for secure connection of external financial accounts
- Budgeting tools and net worth tracking
- 24/7 live customer support