Your Money Line, a financial educational resources and wellness tools provider, has raised USD 4.5 million in Series A funding led by Allos Ventures, with participation from First Trust Capital Partners, CareSource, and Elevate Ventures. Your Money Line's total funding now stands at over USD 7.3 million.

The funding will be used to accelerate the development of Your Money Line's financial wellness offerings.

The company also plans to expand its team with new hires across the engineering, product, sales, financial coaching, and client success teams during the latter half of this year.

Analyst QuickTake: During the first half of this year, the financial wellness space witnessed several disruptors such as earned-wage access platform DailyPay raising USD 175 million , financial coaching and wellness support provider Kashable raising USD 25.6 million , financial support platform Rain securing USD 300 million , Canada-based earned-wage access provider ZayZoon raising USD 15 million , and UK-based earned wage access and wellness provider Wagestream raising USD ~21.8 million in funding earmarked for product development, innovation, and expanded offerings.