Linker Finance Secures $3.7M Seed Round from Industry Leading Investors

  • Fundraising News
  • 28.08.2024 11:13 am

Linker Finance, a platform that empowers community banks to take back control of their digital banking experience through a secure and holistic mobile and online digital banking platform, has successfully raised $3.7m in seed financing. The round is led by Ten One Ten Ventures and Chingona Ventures.

Additional participants included investments from Audaz Capital, Techstars, Commerce Ventures, Bank of Brodhead, and Angeles Investors, with support from angel investors including Edrizio de la Cruz, Ahmed Mirza, Michael Olson, and Roberto Medrano.

Jorge Garcia founded Linker Finance after experiencing firsthand the challenges of using community banks' digital banking services while expanding one of his ventures. Despite the critical role community banks play in the U.S. economy — funding 80% of agriculture and 60% of small businesses — they struggle to compete with larger financial institutions and fintech companies in the technology aspect.

"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," said Samara Hernandez, Founding Partner of Chingona Ventures.

With the new funding, Linker Finance is strategically planning to invest in product development, strategic team growth, and business development initiatives. This investment will drive its expansion and introduce new product features specifically designed for Business and Commercial Banking by Q3 2025.

 

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