Fortú, a Miami, FL-based provider of digital bank account focused on Latino and Hispanic U.S. residents, raised $5m in seed funding.
The round was led by Valar Ventures with participation from:
- Jake Gibson; co-founder of Nerdwallet;
- Francesco Simoneschi, CEO and co-founder of TrueLayer;
- Joyce Kim, Executive Director and founder of the Stellar Foundation; and
- Andrew Endicott, COO and co-founder of Petal.
The company intends to use the funds to continue to expand its business and development efforts.
Led by CEO Charles Yim, Fortú is a digital bank account built for the culturally contextual needs of 60 million plus Latinos and Hispanics in the U.S.
Banking products are provided by LendingClub Bank, N.A., Member FDIC. Debit card issued by LendingClub Bank pursuant to a license from Mastercard, Inc. and may be used everywhere Mastercard debit cards are accepted.