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Founded Year



Corporate Minority - II | Alive

Total Raised


Last Raised

$20M | 8 mos ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+20 points in the past 30 days

About CNote

CNote provides a financial platform. It helps institutions invest capital into underserved communities at scale. It directs every dollar invested toward funding female- and minority-led small businesses, housing, and economic development through its nationwide network of community lenders. The company was founded in 2016 and is based in Oakland, California.

Headquarters Location

2323 Broadway

Oakland, California, 94612,

United States

+1 800 449 6275

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CNote's Products & Differentiators

    Impact Cash

    Impact CashTM is a fully insured cash management solution that gives investors a single place to put their cash to work for positive social impact while achieving returns.

Research containing CNote

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned CNote in 1 CB Insights research brief, most recently on Aug 22, 2022.

Expert Collections containing CNote

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

CNote is included in 3 Expert Collections, including Wealth Tech.


Wealth Tech

2,018 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.


SMB Fintech

1,230 items



7,985 items

US-based companies

Latest CNote News

Merck commits $20m to CNote to support underserved communities in the US

Oct 5, 2022

5th October 2022 German science and tech firm Merck KGaA has made a $20 million commitment to CNote, a women-led impact investing platform. Merck KGaA commits $20m to CNote The investment will be used to support underrepresented communities in the US by providing capital to minority-owned and women-led small businesses. The money from Merck will go to communities in regions where the firm currently operates, including Arizona, California, Maryland, Massachusetts, Missouri, New Hampshire, Ohio, Pennsylvania, Texas, Washington, and Wisconsin. “This commitment from Merck KGaA, Darmstadt, Germany, will have a real impact on those who live and work in these communities,” says CNote CEO Catherine Berman. “With their support, inspiring mission-driven banks and credit unions will receive the needed lifeline of deposits to help small businesses grow, affordable housing expand, and create a more inclusive, equitable economy.” Founded in 2016 and based in Oakland, California, CNote is an investment platform that aims to promote financial inclusion across the US. It raised $7.25 million in a Series A funding round last month. It channels investor funds into deposit and loan products at community financial institutions that serve low-income women and people of colour entrepreneurs, fund affordable housing, and support other forms of economic inclusion.

CNote Frequently Asked Questions (FAQ)

  • When was CNote founded?

    CNote was founded in 2016.

  • Where is CNote's headquarters?

    CNote's headquarters is located at 2323 Broadway, Oakland.

  • What is CNote's latest funding round?

    CNote's latest funding round is Corporate Minority - II.

  • How much did CNote raise?

    CNote raised a total of $70.2M.

  • Who are the investors of CNote?

    Investors of CNote include Merck KGaA, The Artemis Fund, Rebalance Capital, ManchesterStory Group, Lateral Capital and 15 more.

  • Who are CNote's competitors?

    Competitors of CNote include Impact Deposits and 1 more.

  • What products does CNote offer?

    CNote's products include Impact Cash and 1 more.

  • Who are CNote's customers?

    Customers of CNote include Apple , Netflix , Xylem and Patagonia .

Compare CNote to Competitors

Impact Deposits

Impact Deposits is a purpose-driven company that delivers FDIC-insured, social impact, large cash deposit management solutions.

StoneCastle Cash Management

StoneCastle Cash Management is an administrator of insured cash solutions for institutional investors. StoneCastle and its subsidiaries- StoneCastle Cash Management, StoneCastle Asset Management and StoneCastle Securities, offer capital, liquidity and funding solutions that address the needs of community banks as well as the investment community.

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