Linker Finance, a dynamic FinTech company focused on revamping the digital banking sector for community banks, has announced a successful seed funding round.
The company has raised a substantial $3.7m, which was led by Ten One Ten Ventures and Chingona Ventures.
This round also saw participation from a mix of venture capitals and angel investors including Audaz Capital, Techstars, Commerce Ventures, Bank of Brodhead, and Angeles Investors, alongside notable angels like Edrizio de la Cruz, Ahmed Mirza, Michael Olson, and Roberto Medrano.
Founded by Jorge Garcia, Linker Finance targets a crucial but often overlooked sector: community banks. These institutions are instrumental in supporting the U.S. economy, notably funding a significant majority of agricultural and small business ventures. Despite their importance, community banks often lag behind larger institutions in digital capabilities, a gap that Linker Finance aims to bridge.
The company’s vision is to bring neobank-level technology and customer experiences to community banks, enabling them to compete more effectively with major banks and FinTech giants.
Samara Hernandez, Founding Partner of Chingona Ventures, said, “Community banks are fundamental to the U.S. economy. Linker Finance brings neobank technology and customer experience to community banks by helping them build a reimagined digital banking platform for their end customers. We have high conviction in Jorge Garcia as the Company’s CEO given his background as an experienced founder and his passion for financial innovation.”
Matt Kozlov, Managing Director of Techstars LA, Techstars Healthcare, and Techstars Space, said, “I back passionate founders, like Linker Finance’s, who are addressing critical issues in our communities, our country, and our planet. When we invest our capital and resources, we join them not only for three (3) months but for their company’s entire journey.”
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