Maza Raises $8M Seed Round to Help Immigrants Access Financial Services
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Maza, a Los Angeles-based company that is helping immigrants access financial services, today announced that it has raised $8 million in seed funding. The round was led by Andreessen Horowitz (a16z), with participation from SV Angel, Box Group, Restive Ventures, Global Founders Capital, and a group of angel investors including Anré Williams, CEO of American Express National Bank, and William Hockey, co-founder of Plaid.
The company will use the funds to expand its platform and to grow its team. Maza’s platform provides immigrants with a US tax ID and bank account, which allows them to receive payments from employers, file taxes, and access credit. The company also offers a variety of other financial services, such as money transfers, bill payments, and savings accounts.
“We are excited to announce this funding round, which will allow us to accelerate our mission of helping immigrants achieve financial success,” said Luciano Arango, CEO and co-founder of Maza. “With this funding, we will be able to expand our platform to reach more immigrants, and we will also be able to offer new financial services that meet the needs of our community.”
The demand for financial services for immigrants is growing rapidly. According to a recent report by the Pew Research Center, there are an estimated 23.1 million immigrants living in the United States. However, many immigrants face challenges accessing financial services, such as a lack of documentation, language barriers, and discrimination. Maza’s platform aims to address these challenges by providing immigrants with a simple and easy-to-use platform to access financial services.
“We are impressed by Maza’s platform and its potential to help immigrants achieve financial success,” said Michael Leong, Partner at Andreessen Horowitz. “The company’s platform has the potential to make a significant impact on the lives of immigrants and their families.”
This funding round is a significant validation of Maza’s platform and its potential to impact the financial services industry. The company is well-positioned to capitalize on the growing demand for financial services for immigrants, and this funding will help it to accelerate its growth and reach.
About Maza
Maza is a Los Angeles-based company that is helping immigrants access financial services. The company’s platform provides immigrants with a US tax ID and bank account, which allows them to receive payments from employers, file taxes, and access credit. Maza also offers a variety of other financial services, such as money transfers, bill payments, and savings accounts. Maza was founded in 2022 by Luciano Arango, a former investment banker, and Luis Vazquez, a former software engineer.
About Andreessen Horowitz (a16z)
Andreessen Horowitz (a16z) is a venture capital firm that invests in early-stage technology companies. The firm has over $70 billion in assets under management and has invested in over 400 companies, including Facebook, Twitter, and Airbnb. a16z was founded in 2004 and is headquartered in Menlo Park, California.
Additional Information
- Maza’s platform is currently available to immigrants in the United States.
- The company plans to expand its platform to other countries in the coming years.
- Maza is looking for partners to help it expand its reach. If you are interested in partnering with Maza, you can learn more on the company’s website.