Pre-Seed Funding

You’re ready to build your product, but you need help getting there. Pre-seed funding is an early funding round where investors will provide startups capital to develop their product in return for equity in the company.

During this stage of a startup, founders rely on partners' help and dip into their own reserves to get started.

Because so many early-stage startups are looking for financial backing, the number of companies that actually receive pre-seed funding is relatively low. Investors may consider thousands of startups and only invest in a few.

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*Zeni is a financial technology company and is not a bank. Banking services provided by Thread Bank, Member FDIC.

1. Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://thread.bank/sweep-disclosure/ and a list of program banks at https://thread.bank/program-banks/. Please contact customerservice@thread.bank with questions regarding the sweep program.
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2. The interest rates and annual percentage yield on your account are accurate as of 05/16/23 and are variable and subject to change based on the target range of the Federal Funds rate. APY will vary between .90%-3.73% depending on the balances held. Earn 0.90% APY on checking balances of less than $250,000, 1.81% APY on balances between $250,000 and $500,000, 2.72% APY on savings balances between $500,000 and $1,500,000, 3.65% APY on savings balances between $1,500,000 and $2,500,000 and 3.73% APY on savings balances of more than $2,500,000. There are no minimum balances or minimum deposits required to earn interest on your account.

3. The Zeni Business Credit Card is currently available to eligible Zeni customers by invite only. The Zeni Business Credit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted.

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