Now as 2021 comes to a close, Cruttenden's latest fintech, Ant Money, is announcing it has raised $20 million in funding (a mix of previously unannounced seed and Series A capital) and acquired Blast via a stock-for-stock merger.
ATM.com, Inc. today announced that its Learn & Earn app has been acquired by Junior Achievement USA. The app, developed by ATM’s Blast subsidiary in cooperation with JA, was launched in 2020 with an agreement to offer it through the JA network of over 200,000 classrooms and after-school locations. By using the app, students can complete short courses to earn real dollars that are then invested in stock market portfolios in their names. The transaction included the internet domain learnandearn.com.
Ant Money, the embedded finance platform, today announced it has raised $20 million in a Series A financing led by Franklin Templeton's Franklin Venture Partners, Walter Cruttenden, RX3 Ventures, SteelBridge Laboratories, and Steelpoint Capital Partners. In conjunction with the merger, Ant Money also finalized the acquisition of Blast via a stock-for-stock merger. The move increases the number of apps under the Ant Money umbrella, from one to three - ATM, Blast, and Learn & Earn - all of which allow users to earn money that goes to build investment accounts.