About Comun
Comun is a company based in New York (United States) founded in 2021 by Andres Santos and Abiel Gutierrez.. Comun has raised $26 million across 2 funding rounds from investors including FJ Labs, RTP Global and Redpoint Ventures. Comun offers products and services including Comun App, Debit Card, and Remittance Service. Comun operates in a competitive market with competitors including Monzo, Varo, Revolut, Bunq and Axos Bank, among others.
- Headquarter New York, United States
- Founders Andres Santos, Abiel Gutierrez
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Comun, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26 M (USD)
in 2 rounds
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Latest Funding Round
$21.5 M (USD), Series A
Aug 28, 2024
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Investors
FJ Labs
& 7 more
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Employee Count
Employee Count
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Products & Services of Comun
Comun offers a comprehensive portfolio of products and services, including Comun App, Debit Card, and Remittance Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for opening bank accounts and managing finances without SSN.
Visa debit card for fee-free transactions and cash deposits.
Platform for secure, low-cost international money sending.
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Funding Insights of Comun
Comun has successfully raised a total of $26M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $21.5 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $21.5M
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First Round
First Round
(14 Feb 2023)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - Comun | Valuation | Redpoint Ventures | |
| Feb, 2023 | Amount | Series A - Comun | Valuation | Costanoa |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Comun
Comun has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include FJ Labs, RTP Global and Redpoint Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Redpoint Ventures is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Investments in early-stage startups are made by Animo.
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Founded Year | Domain | Location | |
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Comun
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Comun
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Comun Comparisons
Competitors of Comun
Comun operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Monzo, Varo, Revolut, Bunq and Axos Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Internet first bank for individuals and businesses
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| domain | founded_year | HQ Location |
Digital banking services are offered to individuals via mobile apps.
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| domain | founded_year | HQ Location |
Banking solutions are provided for retail customers and businesses.
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| domain | founded_year | HQ Location |
Digital banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Commercial banking services are offered nationwide by Axos Bank.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Comun
Frequently Asked Questions about Comun
When was Comun founded?
Comun was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Comun located?
Comun is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Comun?
Andres Santos is the current CEO of Comun. They have also founded this company.
Is Comun a funded company?
Comun is a funded company, having raised a total of $26M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.5M, raised on Feb 14, 2023.
What does Comun do?
Comun was founded in 2021 in New York, United States, as a fintech provider in the retail banking sector. An online platform is operated to enable account creation and management through a digital dashboard. Services including loan applications, check cashing, and remittances are offered to users. The mobile app is accessible on both iOS and Android devices for broader operations.
What products or services does Comun offer?
Comun offers Comun App, Debit Card, and Remittance Service.
Who are Comun's investors?
Comun has 8 investors. Key investors include FJ Labs, RTP Global, Redpoint Ventures, ANIMO Ventures, and South Park Ventures.
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