A platform designed to provide immigrants with the financial identities needed to pursue homeownership, announced an $8 million seed round.
The Los Angeles-based Maza enables immigrants to obtain a U.S. Tax ID and a bank account. According to the company, this allows immigrants without Social Security numbers to develop a credit history that can be used to obtaining home and auto loans while being accounted for within the U.S. tax system.
“As descendants of Latin American immigrants, my co-founders and I are building the company our parents needed,” said Luciano Arango, CEO and co-founder of Maza. “Individuals who have moved to the U.S. are often at a financial disadvantage. Even those who are highly educated and already have well-paying jobs may become targets of predatory lending and exploitative financial products. Anyone who is seeking to achieve their unique American Dream needs a financial identity, and that’s where Maza comes in.”
The seed round was led by Andreessen Horowitz with additional participation from SV Angel, Box Group, Restive Ventures, Global Founders Capital, Abstract Ventures, and a collection of independent investors including Anre Williams, CEO of American Express National Bank, and William Hockey, co-founder of Plaid.
Photo of Luciano Arango courtesy of his LinkedIn page
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