Press & Media | Holdings
Press & Media
The latest news, media coverage, and insights from Holdings.
Featured In
Sep 2024
NerdWallet Names Holdings a Top Business Savings Account for 2025
We earned a spot on NerdWallet's best-of list for high-yield business accounts—thanks to our 1.75% APY and zero fees.
Sep 2024
CFO Tech Outlook Recognizes Holdings as a Top Fintech Provider
CFO Tech Outlook highlighted our free tools, integrated accounting, and zero-fee banking as a standout solution for growing businesses.
Jun 2024
Jason Garcia Named to Utah's Founder 100
Jason was recognized as one of Utah's top 100 founders by fellow entrepreneurs and the Venture Capital Podcast, celebrating innovation and fundable vision in Utah's startup ecosystem.
Dec 2023
CEO Jason Garcia on EOFire: Why We Built Holdings
Jason joined Entrepreneurs on Fire to share how his experience at Goldman Sachs, Silicon Valley Bank, and Mercury led him to build better banking for SMBs.
Nov 2023
Jason Garcia Featured on Distro's "No Instructions" Podcast
Jason sat down with Chad Ingram to discuss his journey from the corporate finance world to founding Holdings—and what it takes to build a fintech that actually serves business owners.
Company News
Jan 2026
Holdings Launches Comprehensive Profit Bundle
We unveiled the Profit Bundle—48 free tools, 2% APY on all balances, integrated accounting, and full-service bookkeeping—all in one platform. To celebrate, we're offering three months free for accounting or bookkeeping services.
Jan 2026
Startup Grind Members: 3 Months Free on Holdings
We partnered with Startup Grind to offer their community zero-fee banking with 1.75% APY and integrated accounting—free for 3 months.
May 2023
Holdings Raises $7M to Build Banking That Works for SMBs
We closed our seed round led by Album VC with participation from Fin Capital, Hustle Fund, and others. The funding launched high-yield business banking with zero fees and integrated financial tools.
Sep 2023
Frame VC Backs Holdings' Vision for Integrated Business Finance
Frame VC invested in our mission to combine high-yield banking with powerful cash management tools for growing businesses. "Jason and Hayley exemplify durability—practical solutions with audacious vision," said Frame's investment team.
Mar 2023
Holdings Accelerates Launch in Response to Banking Crisis
Originally scheduled for November, we launched in March during the Silicon Valley Bank collapse—offering businesses up to $3M FDIC insurance and 4% APY when they needed it most.
Thought Leadership
Nov 2024
How to Make Your Idle Cash Work Harder
Jason joined the Return On podcast to explain how businesses can earn more on deposits without locking up funds—and why the old model of separate checking and savings accounts no longer works.
Sep 2024
Jason Garcia Featured on American Nonprofit Academy Podcast
Jason discussed how nonprofits can build credit, establish banking relationships proactively, and structure their finances like businesses to increase long-term sustainability.
Sep 2023
From Goldman Sachs to Fintech Founder: Building Holdings
Jason's career at major banks revealed how they overlook SMBs—so he built a platform that puts business owners first. His experience running finance at startups and building products at Mercury showed him what was missing.
Key Facts
Founded
2022
Headquarters
Salt Lake City, Utah
Funding
$7M seed round (Album VC, Frame VC, Fin Capital, Hustle Fund, Liquid2 Ventures, others)
Flagship product (the wedge)
Agentic Invoicing — free unlimited invoicing, MCP-native (works with Claude, ChatGPT, Cursor)
Accounting add-on
Full double-entry accounting from $25/mo. Books stay current as money moves — payment and journal entry are the same event.
Connected banking
Connected business banking — free checking, 1.75% APY, FDIC insured up to $3M via banking partner i3 Bank (Member FDIC) and its program-bank network. Deposits auto-reconcile to the books the moment they clear.
Banking partner
i3 Bank (Member FDIC) — primary banking partner since 2023. Program-bank network provides sweep-based FDIC coverage up to $3M per depositor.
Key Quotes
On founding Holdings
"Entrepreneurs and nonprofit managers deserve a financial ally that appreciates their efforts rather than penalizes them. We established Holdings to simplify and enhance money management, allowing organizations to concentrate on what truly matters—growth, impact, and their core mission."
— Jason Garcia, CEO & Co-Founder
On the changing treasury landscape
"The idea of having all of the money just sit in a checking account now is kind of gone."
— Jason Garcia, CEO & Co-Founder
On building credit
"The best time to talk to different credit providers is when you don't need it."
— Jason Garcia, CEO & Co-Founder
On yield transparency
"Unlike typical financial institutions that keep the yield for themselves, Holdings Financial Technologies passes this yield onto its customers. We choose to share this yield, ensuring you benefit from your funds."
— Mahalia Thomas, Co-Founder, Product + Design
On investing in Holdings
"The best companies in the world are durable. Jason and Hayley were ready. Within days of the [SVB] collapse and far ahead of schedule, Holdings launched its first product: a high-yield cash management solution with up to $3M FDIC insurance and same-day liquidity... Practical solution, audacious vision: the hallmarks of durability."
— Frame VC, Investor