January 19, 2023

MH Ventures backs automatic budgeting app Mooch with seed round funding

MH Ventures, a boutique full-service venture capital firm in the blockchain, cryptocurrency & web3 space, has participated in a seed funding round for Mooch, a new budgeting and savings app.

Main Takeaways

  • MH Ventures is always on the lookout for innovative startups that use the latest technology to make people’s lives easier. They recently announced a seed round of funding for Mooch.
  • Mooch is an automated budgeting app that offers cash rewards and a safe, easy way to manage your finances.
  • This seed round funding will help Mooch grow and expand its partners base.

MH Ventures, a boutique full-service venture capital firm in the blockchain, cryptocurrency & web3 space, has participated in a seed funding round for Mooch, a new budgeting and savings app.

The funding will be used to grow the team, accelerate product development and expand marketing efforts.

Mooch is an innovative budgeting app with automatic digital envelopes that give partners cash-back rewards, helping them save money while they budget. 

Kamran, Co-Founder & Partner at MH Ventures, said, ‘’Mooch is a unique budgeting tool that simplifies financial management by allowing you to set it and forget it. It also offers an extra incentive by compensating partners with interest earned in DeFi for budgeting. We are on a mission to improve people's financial well-being and give them more control over their money. By changing the relationship individuals have with their cash, we aim to empower them to make better financial decisions.‘’

Richard Velasquez, Co-Founder & CEO at Mooch, stated, ‘’We are thrilled to announce the latest investment in our company by MH Ventures. This partnership represents a significant step forward in our mission to bring accessible and intuitive personal finance tools to the 99%. With MH Ventures by our side, we are one step closer to empowering individuals to take control of their financial futures and achieve financial stability  using real world crypto applications. Together, we will work to break down the barriers that have traditionally kept financial education and management out of reach for so many. Thank you for believing in our vision and for your support as we work to make a positive and practical impact in the world of personal finance and crypto.‘’

Mooch's unique offering is that it does not simply provide pie charts of spending but actually budgets partner money for them and transfers it into "envelopes" for safekeeping. 

When the envelopes are full, they return the money to partners' banks before their bills are due, allowing them to track their spending and accumulate cash bonuses each month. 

Mooch is also free of fees and allows partners to transfer money from envelopes anytime. The app is easy to use and secure and helps partners manage their finances in an efficient manner. With Mooch, partners can turn their financial goals into reality in a matter of minutes.

About MH Ventures

MH Ventures has teamed up with some of the most well-known names in the crypto and blockchain industries, including Lend, magpie, Web3PORT, Sonic Wallet, SmartToken Labs, Decaf, Tatsumeeko, WINCAST, etc.

They are passionate about investing in and supporting disruptive technologies and the people behind them. Their mission is to identify and invest in the best projects that have the potential to change the world for the better.

For more information, follow MH Ventures on Twitter and LinkedIn.

About Mooch

Mooch is a revolutionary app designed to revolutionize how people manage their finances. It automatically transfers money into digital "envelopes" for safekeeping, which earns cash bonuses when they are filled. 

Plus, it notifies partners when their bills are due and provides easy visibility into how much they have left to spend or save. Best of all, Mooch is free and provides a secure way to budget with no hidden fees. With Mooch, partners can get paid to budget and maximize rewards earned in DeFi. 

For more information, click here.

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