New York – April 5, 2022 – Cooley advised financial-services mobile app ONE Finance on its completed acquisition by Hazel, an independent fintech launched in partnership with Walmart and investment firm Ribbit Capital. Peter Werner and Luke Blackett led the Cooley team advising ONE.
The combined company, which will operate under the brand name ONE, will provide users with an all-in-one financial services app to holistically manage their finances in one place, allowing consumers to get paid, spend, save, borrow and grow their money.
“There has been no shortage of fintech innovation in the last decade – yet many American families haven’t felt the benefits in their daily financial lives,” Brian Hamilton, co-founder of ONE, said in a news release. “Our mission has always been grounded in disrupting that reality – and helping Americans build healthier financial habits. This combination will help us accelerate that mission, delivering our platform to customers and families who will benefit most from it.”
Founded in 2019, ONE partners with Coastal Community Bank to seamlessly combine saving, spending and borrowing in a single account. The fintech company offers debit cards and checking and savings accounts, along with “Pockets,” which give users the ability to flexibly organize their money and budget.
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