Banking app: $2.6m raised by a neobanking startup

A neobanking firm has raised $2.6 million for an innovative banking app that it is developing. This system targets freelancers and gig economy workers. This is a fast-growing market segment of employees facing various challenges managing their finances. Sole proprietors, small and mid-sized businesses in the US will be able to benefit from tailored financial solutions to manage and smooth their unconventional cash flows. The startup has developed an invoice guarantee product. This will allow users to access a cash advance against unpaid invoices. There are also other financial services involved.

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