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Keep Financial raises $9M led by A16Z to help employers offer forgivable loans as a retention tool


Employee churn is one of the biggest challenges facing organizations working in competitive environments. Today a startup is launching with a new product to add to the artillery of tools that HR people are using to combat that. Keep Financial is building a platform to help employers provide retention bonuses in the form of forgivable loans — forgiving the loan typically based on them staying at the company for an agreed length of time — and alongside its launch the startup is announcing $9 million in funding.
The seed round is being led by Andreessen Horowitz, with Launchpad Capital, Thomvest Ventures, Cambrian Ventures, and Worklife Ventures also participating. Keep was founded only four months ago …

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