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§ Venture Capital · Los Angeles, CA, USA
Rebank has raised $3.0M across 1 funding round.
Key people at Rebank.
Rebank addresses the complexities faced by startup founders and CFOs in managing business finances, particularly across multiple bank accounts and international operations. It was founded to streamline the banking workflow, eliminating the need for numerous logins and simplifying the process of tracking money movements.
Rebank offers a digital business banking platform that acts as a single dashboard for managing finances. This platform allows users to oversee all their business bank accounts, understand spending patterns, and send various payments, including international transfers and salaries, from one centralized location.
Rebank primarily targets international startup founders and CFOs of high-growth companies. The platform is designed to cater to businesses that require efficient management of their financial operations, offering tools tailored for their specific banking workflow needs.
Rebank successfully raised a $2.8 million seed round. This funding was led by ADV, with significant participation from Y Combinator and Oriza Ventures, alongside other angel investors. This capital supports the development and expansion of their product.
Rebank is a YC-backed startup that has advanced beyond an invite-only launch, indicating a growth stage focused on product development and market expansion. The company originated as a U.K. startup, focusing its efforts on building out its platform from there.
Rebank addresses the complexities faced by startup founders and CFOs in managing business finances, particularly across multiple bank accounts and international operations. It was founded to streamline the banking workflow, eliminating the need for numerous logins and simplifying the process of tracking money movements.
Rebank offers a digital business banking platform that acts as a single dashboard for managing finances. This platform allows users to oversee all their business bank accounts, understand spending patterns, and send various payments, including international transfers and salaries, from one centralized location.
Rebank primarily targets international startup founders and CFOs of high-growth companies. The platform is designed to cater to businesses that require efficient management of their financial operations, offering tools tailored for their specific banking workflow needs.
Rebank successfully raised a $2.8 million seed round. This funding was led by ADV, with significant participation from Y Combinator and Oriza Ventures, alongside other angel investors. This capital supports the development and expansion of their product.
Rebank is a YC-backed startup that has advanced beyond an invite-only launch, indicating a growth stage focused on product development and market expansion. The company originated as a U.K. startup, focusing its efforts on building out its platform from there.
Rebank delivers a unified financial operating system for startups, centralizing bank accounts and payment workflows onto one dashboard. This platform offers real-time financial visibility, enabling founders and CFOs to manage spending, execute payments, and streamline banking processes. It aggregates disparate financial data, functioning as a comprehensive hub for business finance management.
Juan Andrade and Simon White co-founded Rebank in January 2018, seeing traditional banking's inadequacy for agile startups. Andrade, CEO, and White, CTO with a systems engineering background, combined their expertise for this solution. Early participation in Y Combinator validated the platform's strategic importance.
Rebank serves international startup founders and CFOs, simplifying complex financial management. Its vision is to transform banking for high-growth businesses, allowing focus to shift from administration to strategic expansion. It aims to provide an indispensable financial backbone, fostering efficiency for entrepreneurial ventures to achieve growth.
Key people at Rebank.
Rebank is a fintech startup that offers a digital business banking platform designed specifically for startups and high-growth companies. It provides a consolidated, real-time dashboard that connects multiple existing business bank accounts, enabling users to manage finances, understand spending, and initiate payments efficiently without switching banks. The platform targets international startups, especially those post-seed but pre-Series B, who often lack dedicated finance teams but face complex financial operations. Rebank charges a subscription fee starting at $50 per month and serves customers primarily in the U.S., Canada, and the U.K., with around 70 startups and mid-size companies processing $50 million in transactions through its platform[1][2][3].
Founded in 2019 by Juan Andrade, who has a background in payments and financial services including roles at Ukash and Secret Escapes, Rebank emerged from the need to solve two major problems faced by companies: unintuitive banking interfaces and expensive, complicated payments. The idea was to build a financial operating system that works on top of existing bank accounts, allowing companies to avoid the hassle of switching banks while improving their financial workflows. Early traction came through Y Combinator support and seed funding of $2.8 million led by Accelerated Digital Ventures (ADV), with participation from YC, Oriza Ventures, and angel investors[1][2][3][5].
Rebank rides the trend of digital transformation in business banking and fintech, addressing the growing demand for streamlined financial operations in startups and scale-ups. The timing is critical as remote work and international business expansion increase the complexity of finance management. By providing a financial operating system that integrates with existing banks, Rebank leverages market forces favoring fintech solutions that reduce friction and cost in payments and cash management. Its influence extends by enabling startups to operate more efficiently without large finance teams, thus accelerating their growth and innovation potential in the tech ecosystem[1][2][3].
Looking ahead, Rebank is poised to expand beyond its invite-only launch phase and scale its customer base internationally. Trends such as increased cross-border commerce, remote work, and the rise of embedded finance will likely shape its journey. As startups increasingly demand seamless, integrated financial tools, Rebank’s platform could evolve into a broader financial operating system with deeper automation and analytics capabilities. Its influence may grow as it helps democratize access to sophisticated financial management for startups, potentially becoming a key infrastructure player in the startup fintech space[1][2][3].
Rebank has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in December 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2019 | $3M Seed | Tong GU | Blue Bear Ventures, Jude Gomila Rolling Fund, Jude Gomila, Oriza Ventures, Y Combinator | Announced |
