First Dollar, Digital Benefits Startup, Raises $14 Million In Series A Funding Led By Blue Venture Fund Investment

First Dollar, a digital benefits company that provides a health wallet, raised $14 million in a Series A funding round led by Blue Venture Fund. Blue Venture Fund is joined in the round by existing investors Next Coast Ventures, and Meridian Street Capital. The First Dollar health wallet allows consumers to spend funds from Health Savings Accounts (HSAs), Flexible Spending Accounts, prepaid grocery, and prescription programs. First Dollar’s payments infrastructure supports tax-advantaged accounts and supplemental benefits.

First Dollar’s early customers include health plans including Sidecar Health, Kind Health, and Decent Health. The Series A investment will fuel . . .