Highline, a Dallas, TX-based payroll-linked bill payment company, raised $4.5M in Seed funding. The round was led by Foundation Capital and Costanoa Ventures.
“The majority of Americans are living paycheck to paycheck, resulting in negative consequences like overdraft fees and missed payments,” Geoff Brown, CEO and founder of Highline, said in the release. “Highline believes access to better financial solutions begins with reimagining the broken bill payment system.”
Highline builds direct access to payroll platforms through Application Programming Interfaces, which can help consumers pay bills on time and in the right amounts by automatically routing them from their paychecks.
The company intends to use the funds to continue to grow its team and further build out its platform.