Comun Secures $21.5M in Series A Funding for Immigrant-Focused Neobank

Comun, a fast-growing digital bank focused on serving immigrants in the United States, has secured $21.5 million in a Series A funding round. This funding comes less than nine months after the company announced a $4.5 million raise. The neobank aims to provide modern banking services to the 64 million Latinos living in the US. Redpoint Ventures, known for backing companies like Stripe, is among the investors supporting Comun's mission to expand financial service access to this demographic. The funding will help Comun further its efforts to redefine local banking in the digital world.