Digital banking startup Cogni is joining the ranks of companies hopping on the crypto bandwagon. The mobile-based platform, founded in 2018 out of Barclays’ accelerator program (which is operated by Techstars), launched with the intent to offer personalized banking products suited to the lifestyles of those in the 18-to-35 crowd, CEO and founder Archie R. told TechCrunch. Now, Cogni has raised a $23 million funding round led by Hanwha Asset Management Co., Ltd. and CaplinFO. The company last raised a $1.7 million seed round in November 2018 before it officially launched, and subsequently raised a $5 million seed extension round last year, according to Ravishankar. “When we first started, crypto was not part of our agenda, because we really wanted to build a financial platform that suited people’s lifestyles. When crypto and blockchain became people’s lifestyle in 2021, that’s when we decided that it’s a lot more attractive to build on web3 than web2,” Ravishankar said. Read the full TechCrunch article through the link in the comments below?? #banking #digitalbanking #neobank #challengerbank #bankingapp #bankingindustry #neobanks #digitalbank #banktech #fintech #finanicaltechnology #donedeal #fintechnews
Link to full article: https://techcrunch.com/2022/04/26/lifestyle-consumer-neobank-cogni-pivots-crypto-web3/