Los Angeles-based challenger bank HMBradley officially opens its virtual doors

Los Angeles-based challenger bank HMBradley officially opens its virtual doorsThe Los Angeles-based digital challenger bank, HMBradley, opened its virtual doors to the public today, allowing the thousands of waitlisted would-be users to set up direct deposits and collect their sign-up bonuses. Backed by PayPal founder Max Levchin's HVF Labs, along with Walkabout Ventures, Mucker Capital, Index Ventures, and Accomplice, to the tune of $3.5 million, HMBradley was designed to benefit savers, the company said. Account holders with balances up to $100,000 can receive up to 3% annual percentage yields on their accounts.




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