Jordan Horizon credit union: All-inclusive, no minimum deposit required

By Alex WojnarowskiJordan Horizon Credit Union announced Wednesday it has raised $1 billion in Series A funding and is seeking a partner to expand the company’s growth beyond the U.S. It also announced that its co-founder and CEO, Daniella Giannini, will join its board of directors, joining a list of other corporate leaders that includes billionaire Michael Bloomberg and former U.K. Prime Minister Boris Johnson.

In the announcement, Horizon said it plans to open more than 2,000 branches worldwide by 2021 and will add more than 1,500 by 2022.

Horizon’s first branch in New York City is due to open in March, and it plans an additional 800 branches across the U to serve its customers in the U., Canada, the U, Australia, Latin America, Africa, Asia and Europe.

In addition to the new investment, Horizon announced it will open a second branch in San Francisco in 2018.

The bank said that it has been in talks with two other major banks, which it will name at a later date, about joining the new company.

The $1.6 billion Series A round was led by the New York-based Greylock Partners, and the money came from a $1 million round led by BlackRock and the New Enterprise Associates fund.

The Series A is valued at more than $2 billion.


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