Google for Startups Black Founders Fund Backs A.M. Money


Daniel Rogers started A.M. Money four years ago because of the challenges he had paying for college after leaving the military. He had seemingly done everything he was supposed to do and still it meant little to the existing system.

A.M. is dedicated to ensuring that financing is not the same constraint it was for Daniel, and that his pathway will be just a little bit easier for those walking it now.

Today, we are ecstatic to announce that Google for Startups has joined us in our work as we are recipients of funding from their new #BlackFoundersFund.

This continues what has been a monumental quarter for us. We closed our $3.5m seed round with Lightbank with participation from existing and new investors, including Octava Singapore, Don and Elizabeth Thompson, Michael Alter, Shayne Evans, and Tim Knowles along with others from the Chicago Ecosystem.

This new funding corresponds with a 33x year over year increase in loan requests for the fall quarter. Now, more than ever, the need for what we are doing is clear. As such we continue to fight to give low-income students across the city, state, and country every opportunity to graduate from college, find quality employment, and build wealth.