6 years ago

Rebank Secures $2.8 Million to Build a Better Banking Experience for Startups

  • Rebank, a Y Combinator graduate, has raised $2.8 million in seed funding to build a better banking experience for high-growth companies

  • The U.K

  • startup's platform provides a single, consolidated view of business banking activity, making it easier to manage finances

  • The round was led by ADV with participation from YC, Oriza Ventures and angel investors, including Jude Gomila

  • Rebank is targeting two major problems faced by companies: clunky banking interfaces and expensive payments

  • The platform has been used by 70 startups and mid-size companies generating $50 million in transactions.

      • ProblemTechnology

      "Business banking is broken for startups and high-growth companies. Legacy banks offer clunky interfaces and limited features, while challenger banks lack maturity and struggle with scalability."

      Solution

      "Rebank provides a digital business banking platform that integrates with existing bank accounts, offering a unified view of banking activity and streamlined functionality for managing finances. It aims to simplify business banking and empower companies to focus on growth."

      Covered on