Eric Blue Secures Early-Stage Capital to Launch Fintech Startup

    WASHINGTON, DC, March 28, 2023 /24-7PressRelease/ -- American businessman Eric Blue successfully secured early-stage capital to help launch the Nevly app. Nevly is a fintech company aiming to help boost customer credit scores and give users the tools to gain financial freedom. The fintech startup raised $1.25 million in funding led by Tenacity Venture Capital.

Launching in 2021, Nevly officially hit the market with a web app called Nevly Money. Founder and CEO Eric Blue leveraged his financial technology knowledge to create a personalized solution to help anyone struggling with poor credit scores. Consumers get a chance to make fast improvements to their credit score compared to legacy credit repair service providers.

A mobile app will be released later this year. The early-stage 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 financial health. There will also be personalized in-app options, allowing members to get the best solutions.

Funding and more time has allowed Blue to build his company strategically. The early stages of Nevly had Eric Blue working on the building blocks of the business by himself in his spare time. When the funding to make hires and build the company up started coming in, Eric wanted to make sure he built company culture the right way.

Nevly adopted the Hybrid 2.0 Working Model, which extends weekends for employees while encouraging collaborative work in the office three days a week. Mondays serve as work-from-home days, and employees get 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 for becoming an American businessman, with the launch of Nevly.

Motivation for Nevly remains deeply rooted in the personal financial struggles Blue faced growing up. He witnessed his mother dealing with financial struggles and realized that general assistance for personal financial health wasn't readily available. The technology exists now to leverage it properly and turn it into a valuable commodity.

To learn more about Nevly and their services, visit nevly.com. This is also the go-to source for any news and updates on the company when they become available.

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