Digital banking startup Airbanq has raised $2.5m in a seed round of funding to bring financial services to under banked consumers.
The capital comes from Cowboy Ventures, First Round, FLOODGATE, Sand Hill Angels and Bee Partners, which previously invested $750,000 in the company’s seed round.
Airbanq allows users to cash cheques through its mobile app and receive payments instantly through direct deposit.
The California company also offers a prepaid card that can be used at MasterCard ATMs.
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