Press Release
FELA Announces Strategic Rebrand to LifeCents
Oct 23, 2018
Name Change Reflects Focus on Technology to Improve Financial Wellness
Washington D.C., October 23, 2018 — FELA, the financial health and wellness company, today announced its rebrand to LifeCents. With a mission to help people achieve financial security, the company’s app inspires and empowers people to improve their financial health and well-being.
To date, LifeCents has raised $6 million in funding, including $3.8 million in Series B funding earlier this year. LifeCents clients and partners include Fortune 500 companies, financial service providers, government agencies, nonprofits and employers.
“This rebrand represents our ongoing commitment to help people understand and manage their financial wellness while working toward financial security,” said Blake Allison, Founder and CEO of LifeCents. “We started FELA in 2005 when financial wellness was a new concept. LifeCents comes from a deep-rooted belief that we can best reach people through technology, and this tech will be the fastest way to scale and, ultimately, help people reach their financial goals.”
LifeCents’ key features include an AI-driven user experience, personalized guidance, psychographic measures of financial health, robust reporting, data and analytics, and curated connections to products and services based on a specific user’s profile.
In addition to its funding, LifeCents’ growth over the last year has enabled the team to triple in size, including the recent addition of a Vice President of Business Development, Digital Marketing Manager and Product Marketing Manager. The team will move to Rosslyn, VA, at the beginning of next year to accommodate its continued growth.
About LifeCents
LifeCents is a financial wellness company that empowers people to acquire the knowledge, build the habits and gain the confidence they need to make smarter everyday decisions. Our wellness platform helps people become financially aware, savvy and engaged, which is of great value to businesses and communities. LifeCents clients and partners include Fortune 500 companies, financial service providers, government agencies, nonprofits and employers. For more information on LifeCents, visit www.lifecents.com.