Onyx Private, a digital bank, has secured $4.1m in funding to provide private banking and investment services for affluent professionals, specifically Millennials and Gen Zers. Onyx Private offers digital banking services in partnership with Piermont Bank, including checking accounts and a debit card, as well as cash back on payments and purchases. It also develops investment portfolios that include high-yield, fixed-income portfolios, like cash-sweep accounts and U.S. treasury bills, with $100 minimums and low fees. The company also offers a “lifestyle concierge” service, via a digital personal assistant, to help with booking events and purchasing luxury gifts.

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