Digital Horizon has announced that it has invested in the $15 million Series A funding round for Daylight, first LGBTQ+ digital banking platform in the United States.
The round was led by Anthemis Group with participation from CMFG Ventures, Kapor Capital, Citi Ventures and Gaingels.
Daylight provides debit cards with customers’ chosen names, which aren’t always the same as what’s on their ID. It offers members 10% cash back every time they spend with a queer and allied business that Daylight has partnered with. Beyond cash management features like a checking account, free ATMs and the ability for members to get paid two days early the neobank also offers guided goals for gender-affirming procedures like top surgery and facial feminization.
The raised capital will be used to build new financial products and services, starting with a subscription plan designed to help prospective queer families with financial planning.