Maryland-based company designing a platform to support financial wellness for all
COLUMBIA, Md. (November 30, 2023) – TEDCO, Maryland’s economic engine for technology companies, announced a recent $250,000 Seed Funds investment in EQL Finance. TEDCO’s Seed Funds invest in early-stage, technology and life sciences companies and provides access to gap financing. This round of funding came from its Technology Commercialization Fund.
“We believe that financial health shouldn’t be a luxury,” said Eddie de Guia, founder and CEO of EQL Finance. “Thanks to TEDCO’s investment, we can continue working to bring financial wellness to the millions of Americans who started on unequal footing.”
EQL Finance, based in Baltimore, Md., is a data-driven platform that aims to democratize financial resiliency through expanded access to information, services and care to help promote a better financial outcome. The platform provides Americans – regardless of their socio-economic status – with insights on savings, helping to bridge the gap in affording everyday products.
“EQL Finance is working to fill the gap of financial health,” said Teddy Gresser, director of TEDCO’s Seed Funds. “Through its platform, the company utilizes collective customer insights to provide financial resiliency tools to those who need them most. This mission to promote a better financial understanding encourages a financial equity that can support the growth and development of Maryland’s ecosystem.”
TEDCO’s Seed Funds invest in companies that show promise of becoming venture fundable companies or are companies that, through a seed investment, will be sustainable through customer revenue, follow-on funding, or other forms of corporate venture. For more information, please visit our website at https://www.tedcomd.com/funding/seed-funds.