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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.
Abiel and Andres have been laser-focused on improving the financial lives of immigrants since day -1 at @southpkcommons. It isn't surprising that growth has been off the charts this year. Excited for this step in their journey! https://t.co/5aZKbiCaDO
LA-based @LinkerFinance raised $3.7M in Seed funding to redefine digital banking for community banks. W/ participation from StepStone platform manager @CommerceVC, the round will support its mission to empower smaller institutions with advanced technology: https://t.co/MdYW21CMnS
Congrats to the Comun team on their $21.5M Series A! We're thrilled to partner with @comunappusa in expanding financial service access to the 64M Latinos living in the US. @abielgz @asantos_c_ https://t.co/blDXoEWEdZ
