Comun, a neobank focused on serving immigrants in the U.S., has raised $21.5 million in a Series A funding round led by Redpoint Ventures, following a previous $4.5 million seed round. The company, founded by Abiel Gutierrez and Andres Santos in 2021, aims to combat financial exclusion by offering low-cost banking services with no fees or minimum balance requirements. Comun’s rapid growth, including a 50% month-over-month increase in active customers, has been driven by new services such as a remittance program and expanding its cash deposit network.
Comun Raises $21.5M For Immigrant-Focused Neobank
