On December 1, 2021, Students of Wealth, Inc. closed the transaction. The company has issued 13,141,756 series A preferred shares for gross proceeds of $15,000,000.2984 in the transaction. The round of funding led by Seae Ventures.

The transaction included participation from overall 28 investors, including Fiserv, Inc., Massachusetts Mutual Life Insurance Company, Citizens Financial Group, Inc., The Astia Fund, a fund managed by existing investor Astia, Inc,, and existing investors Northwestern Mutual Future Ventures Fund I, a fund managed by Northwestern Mutual Capital LLC, TruStage Financial Group, Inc., Sterling National Bank, Kevin Durant, Carmelo Anthony, Anthony Anderson, and Lance Gross, and new investor, Fearless Fund. Massachusetts Mutual Life Insurance Company has invested through MM Catalyst Fund.