Fundz

Yolo Bank raised $500K in a pre-seed round led by Marathon Ventures to enhance its AI technology and hire new talent.

PRIVATESep 17, 2024

Amount Raised

$500,000

Round Type

Pre-Seed

Sao PauloFinancial ServicesLendingBanking

Investors

Marathon Ventures

Description

Brazilian neobank Yolo Bank raised a $500K pre-seed round led by Marathon Ventures. The funds will be used to enhance its AI technology and hire new talent for onboarding universities.

Quick answer

Yolo Bank raised $500,000 in a Pre-Seed round, dated September 17, 2024. Investors: Marathon Ventures. Yolo Bank is based in Sao Paulo, Sao Paulo, Brazil.

How much did Yolo Bank raise?
Yolo Bank raised $500,000 in a Pre-Seed round on September 17, 2024.
Who invested in Yolo Bank?
Marathon Ventures is named as investors in this round.
What does Yolo Bank do?
Yolo Bank is a Brazilian neobank founded in 2023 that offers debit and credit cards, payment services, and utilizes AI to provide tuition discounts for students.
Where is Yolo Bank based and how big is it?
Yolo Bank is based in Sao Paulo, Sao Paulo, Brazil. Fundz records about 20 employees.
Who are the decision-makers at Yolo Bank?
Fundz holds 1 contact at Yolo Bank. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Lending around the same time

Companies in the same sectors as Yolo Bank that raised within 45 days of this round, from Fundz verified event records.

  • CBC Bancorp raised $45M on November 1, 2024.
  • CBC Bancorp raised $119M on November 1, 2024.
  • University Bancorp raised $15M on October 16, 2024.
  • Agent Banking Company raised an undisclosed amount on October 12, 2024.
  • GBank Financial Holdings raised $20M on October 11, 2024.
  • Qist Bazaar raised $3.2M (Series A) on September 23, 2024.

Who to call at Yolo Bank, and when

A new round usually means Yolo Bank is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Yolo Bank raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Yolo Bank, from your own LinkedIn network

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Company Information

Company

Yolo Bank

Location

Sao Paulo, Sao Paulo, Brazil

About

Yolo Bank is a Brazilian neobank founded in 2023 that offers debit and credit cards, payment services, and utilizes AI to provide tuition discounts for students. The bank focuses on improving its technology while hiring talent to support its growth strategies. Yolo Bank has partnered with 76 universities and serves 700,000 students. Their primary goal is to enhance the onboarding experience for university partnerships without sacrificing quality.

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Yolo Bank raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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