Fonbnk

About

Fonbnk is a new distributed finance company enabling a frictionless, financial onramp for emerging markets.

Washington,District of Columbia,United States
11 - 50
https://www.fonbnk.com/

Highlights

Details

Last Funding Type: Seed
Last Funding Money Raised: $3.50M
Industries: Banking,Blockchain,Social Impact,Telecommunications
Founded date: Dec 3, 2019
Number Of Employee: 11 - 50
Operating Status: Active
Legal Name: Fonbnk LLC

Fonbnk is a new distributed finance company enabling a frictionless, financial onramp for emerging markets. Leveraging the existing network of mobile phone accounts, anyone with a prepaid mobile SIM card can now have access to the global digital economy. We are driving financial inclusion through digital access for the nearly 2-billion humans who are unbanked.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

3

$3.62M

Fonbnk has raised a total of $3.62M in funding over 2 rounds. Their latest funding was raised on Mar 1, 2022 from a Seed round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Mar 1, 2022	Seed	$3.50M	20	New Form Capital	—	Detail
Nov 11, 2021	Seed	—	1	—	—	Detail
Jul 18, 2021	Pre-seed	$120K	1	Techstars	—	Detail

Investors

Number of Lead Investors

Number of Investors

2

21

Fonbnk is funded by 21 investors. New Form Capital and Allied Venture Partners are the most recent investors.

Investor Name	Lead Investor	Funding Round
New Form Capital	Yes	Seed
Allied Venture Partners	—	Seed
Audacity Fund Reno	—	Seed
Diverse Angels	—	Seed
EchoVC Partners	—	Seed
Formless Capital	—	Seed
Frontier Venture Capital	—	Seed
GP Ventures	—	Seed
Hustle Fund	—	Seed
Industrious Ventures	—	Seed