alt.bank

alt.bank

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Founded 2017 Brazil

Brazil 141 employees Series A Total: $5.50M Financial Services, Fintech +1

alt.bank is a Brazilian fintech startup that has been disrupting the traditional banking system since its launch in 2018. With the mission of bringing financial justice through fair and transparent interest rates, the company has set ambitious targets of acquiring 30 million customers in Brazil and 60 million in Latin America. The recent introduction of novücard, a unique credit card offering a range of exclusive benefits, has significantly contributed to alt.bank's rapid growth as the country's fastest growing direct credit card issuer. The key features of novücard include dynamic credit which automatically increases month by month, Cofrinhü which turns stored money into a credit limit that yields 100% of the CDI, and Credit back where customers receive an increase in the credit limit for every R$ 100 spent and paid on the invoice. Additionally, they provide local discounts through their network of partners. With a team led by seasoned professionals in Latin America, alt.bank is positioned as a formidable player in the region’s financial market. The company received a $5.50M Series A investment on May 4, 2021 from renowned investors Jigsaw and Union Square Ventures, signifying their confidence in the startup's potential. Operating out of Brazil, alt.bank has utilized a team of over 100 employees who excel in their roles remotely or from their offices in São Paulo/SP and São Carlos/SP. For more information, visit their website at www.novucard.com.br.

Funding Stage	Amount	Investors	Lead Investors	Date
Series A	$5.50M	2	Jigsaw, Union Square Ventures	04 May 2021
Pre Seed Round	Undisclosed	1	SquareOne Capital	08 Jan 2019

Funding Stage

Amount

Investors

Lead Investors

Date

Series A

$5.50M

Jigsaw, Union Square Ventures

04 May 2021

Pre Seed Round

Undisclosed

SquareOne Capital

08 Jan 2019

FAQ About alt.bank

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alt.bank was founded in 2017.

alt.bank is headquartered in Brazil.

alt.bank operates in Financial Services, Fintech and Banking. Its work centres on Credit Cards, Financial Inclusion, Dynamic Credit and Transparent Interest Rates.

alt.bank has approximately 141 employees.

alt.bank has completed 2 funding rounds, raising a total of $5.50M. The latest funding stage is Series A.

Top alternatives and competitors to alt.bank include Stori, eCLUB Paraguay, Waynimóvil, Solven, Luable - MejorCDT (YC S21). These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

alt.bank and Stori are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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FAQ About alt.bank