Building for small businesses
Today, we announce the launch of our Business Checking product for small business owners and are also announcing our $20 million fundraise from Kleiner Perkins, Foundation Capital, and others.
Founder & CEO
On Nov 18th, 2021, Hatch will rename to Nearside! Our mission remains: to provide access to transparent and fair financial products. Our new name reflects our commitment to always be on your side. Learn more.
Today, we announce the launch of our Business Checking product for small business owners, solopreneurs, and people who will someday start their own business. We also are announcing our $20 million fundraise from Kleiner Perkins, Foundation Capital, and others.
More than 3.5 million small businesses have started in the US in the last year, with no signs of slowing down as we come into life post-COVID. These new small businesses owners take the risk to strike out on their own to build a better life for themselves, their families, and their communities.
We sought out to build a business checking account with them in mind, with up to 5% debit cashback at gas stations, restaurants, and other businesses, no NSF fees, and up to $50 if your balance goes negative with Hatch Cover.
For those who have already partnered with us, we thank you and are honored to be a part of your arduous journey. If you’re a small business owner and you’ve just heard of us today, I hope you try us out! (You can always send me an e-mail at firstname.lastname@example.org if you have any questions).
One of our values here at Hatch is that it takes a village: Our customers, coworkers, and investors have entrusted us with their time and their capital so that we may build a better, more accessible financial system for small businesses. I’m grateful to our team for their careful and thoughtful work on making this product a reality--without them there is no Hatch.
We would also like to thank our investors: Kleiner Perkins, Foundation Capital, Abstract Ventures, Fathom, Saurabh Gupta (DST Global), Firebolt, and Socii, with angel investors Zac Auger, Maia Bittner, Avid Larizadeh Duggan OBE, Markus Harder, Khaled Helioui, William Hockey, Lisa Kleinsorge, Kevin Mahaffey, Ayo Omojola, Rohini Pandhi, Joey Parsons, Zach Perret, Gokul Rajaram, Sumon Sadhu, Michael Thompson, and Binh Tran.
Thank you for taking the time to read this. Just as we couldn’t wait to announce this launch to you, I can’t wait to show you what we have in store next as we continue to help small businesses start, grow, and connect with each other.