Cushion raises $12 million in Series A funding

Cushion

Cushion, a San Francisco, CA-based bank and credit card fee negotiation company, raised $12M in Series A funding.

Rose Park Advisors led the round, which also included participation from Vestigo Ventures and CMFG.

After months of beta testing, it plans to use the funds in order to hire product and engineering talent, as well as marketing personnel, to prepare its bill payment solution for a wider audience.

Cushion’s CEO Paul Kesserwani is leading the company. The app helps US consumers negotiate their credit card and bank fees. Now, Cushion has expanded into bill pay to give consumers one place to track, pay, finance, and monitor their bills. This will help them avoid overdrafts and other fees. Over 100,000 customers have already signed up for the new product, and there’s a six-figure waitinglist.

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