SAN DIEGO, June 27, 2016 /PRNewswire/ -- Zebit, a company committed to offering no-cost, transparent credit to hardworking Americans, today announced that it will make ongoing financial contributions to the Intrepid Fallen Heroes Fund (IFHF) to support military personnel suffering the effects of traumatic brain injury. Donations to IFHF will be contributed for every new active and retired military service member who registers for Zebit. In addition to IFHF, Zebit also supports Fisher House Foundation and the Semper Fi Fund as part of its commitment to the military community and charitable giving.
"Through our work at the Intrepid Fallen Heroes Fund, we see some of the most traumatic effects war can have on military families, both physically and mentally," said IFHF President Dave Winters. "Our efforts are based entirely on donations from the public, so being able to receive ongoing support from an organization like Zebit fulfills a critical need for service members, and their families, facing the terrible effects of traumatic brain injury. We thank Zebit for their financial support and commitment to our mission."
Zebit is dedicated to improving the financial lives of those who serve, combating the financial instability that often plagues military families from deployments, frequent moves and the epidemic of credit and lending scams taking advantage of U.S. armed forces. Zebit grants $1,000 interest-free credit exclusively to active and retired military members. The credit can be used in Zebit's online marketplace to purchase brand name products and services at competitive retail prices. Unlike any other credit offering, members pay over time for their purchases without fees, interest or penalties. Zebit also offers its military members a free financial wellness library comprised of budgeting tools, online education and an Instant Budget mobile app, which takes the guesswork out of budgeting and automatically creates a customized budget based on income, where someone lives, and the number of people in his or her household. This first of its kind financing solution helps service members avoid revolving debt and accruing interest that comes with credit cards or other financing options.
"Zebit believes American service members and their families deserve a no-cost financial solution specially catered to the unique needs of military life. In parallel, we want to do our part in giving back and supporting organizations that go the extra mile for our troops," said Michael Thiemann, CEO and co-founder of Zebit. "The Intrepid Fallen Heroes Fund stood out to us as a group committed to American heroes and their families—a community that is close to Zebit's heart."
Elicia Ritter, vice president of finance and treasurer at Zebit and U.S. Marine Corps veteran, weighed in as well, viewing the partnership through a very personal lens: "I left for boot camp just a few days after turning 18, seeing it as a limitless opportunity to serve my country. Honestly, I didn't realize how financially strenuous the commitment would be." She adds, "I truly believe that had there been an option like Zebit for me, I could have been able to plan, manage and respond better to emergencies, unexpected expenses and life-event purchases. At Zebit, we hope to give those who serve and their families that same opportunity."
The Intrepid Fallen Heroes Fund supports the men, women and families of the armed forces. Since 2003 the Fund has provided nearly $200 million in support of the families of military personnel lost in service, and for severely wounded military personnel and veterans. IFHF programs have included Family Support, The Center for the Intrepid, National Intrepid Center of Excellence and Intrepid Spirit centers. One hundred percent of donations to the Intrepid Fallen Heroes Fund go directly to its programs. No portion of the contributions is deducted.
Those interested in donating to the Intrepid Fallen Heroes Fund can visit www.fallenheroesfund.org/Donate.
Active and retired military members associated with the U.S. Army, Marine Corps, Navy, Air Force and Coast Guard interested in joining Zebit and receiving $1,000 interest-free credit should visit www.zebit.com/military. Zebit is planning to expand registration to the National Guard, reserves, veterans, and spouses in 2017.
About Intrepid Fallen Heroes Fund
The Intrepid Fallen Heroes Fund, a national leader in supporting the men and women of the United States Armed Forces and their families, has provided close to $200 million in support for the families of military personnel lost in service to our nation, and for severely wounded military personnel and veterans. In 2010 the Fund opened the National Intrepid Center of Excellence (NICoE) to support the research, diagnosis, and treatment of military personnel and veterans suffering from traumatic brain injury (TBI) and psychological health (PH) conditions. In 2013 the Fund launched a new $100 million campaign to build nine "Intrepid Spirit" centers at major military bases around the country. These centers serve as satellites to the central NICoE facility and extend that care to more service members suffering TBI, PH conditions and related afflictions.
Zebit is committed to offering no-cost, transparent credit to hardworking Americans. Zebit counters deceptive financing alternatives with interest-free credit, financial education, and planning tools to help working Americans and military personnel take control of their everyday financial lives. Its direct-to-consumer offering is exclusively available to active and retired military members associated with the U.S. Army, Marine Corps, Navy, Air Force and Coast Guard, with plans for expansion among National Guard, reserves, veterans and military spouses in 2017. Employers can also offer Zebit as a free employee benefit to lower employee stress and improve the corporate bottom line. Zebit is located in San Diego and is backed by VCs that include Crosslink Capital, Wildcat Venture Partners, Leapfrog Ventures and Correlation Ventures. Learn more at www.zebit.com/military.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/zebit-announces-support-of-intrepid-fallen-heroes-fund-300290205.html