Comun is focused on providing financial services to the underserved Latino immigrant community in the U.S., raising $21.5 million in Series A funding.
CEO Andres Santos states that their growth in monthly revenue by 50x in the first half of 2024 indicates rapid adoption, emphasizing the need for their tailored services.
Santos, drawing from personal experiences of financial exclusion, created Comun to serve Latino immigrants, allowing account applications with a wide range of ID types.
Santos highlights that traditional banks often fail to meet the needs of the Latino community, who are underserved due to strict requirements for account opening.
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