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Comun Secures $21.5M in Series A Funding Led by Redpoint Ventures

Comun Secures $21.5M in Series A Funding Led by Redpoint Ventures

08/28/24, 2:02 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgnew york
Money
$21.5 million
Industry
financial services
Type
partnership
Comun, a Latino-founded neobank, has secured $21.5M in its Series A funding round led by Redpoint Ventures, aiming to become a one-stop financial partner to its customers. The company has experienced remarkable growth, with a 52% month-over-month increase in active customer base, nearly four times higher revenue per user, and surpassing $1B in annualized payment volume.

Company Info

Company
Comun
Location
new york, new york, united states
Additional Info
Comun is a Latino-founded neobank that provides modern banking solutions to immigrants in the U.S. Its active customer base has seen rapid growth among immigrants, resulting in exceptional success and revenue increase.