Before COVID-19, challenger banks faced many choices for building a digital-first business model. Charge upfront fees or rely on third-party revenue? Pursue...
September 4, 2019November 23, 2020
Economic Times: Matrix & Omidyar back neo bank Yelo
New-age digital banking services provider Yelo has raised its first round of institutional funding from Matrix Partners India with participation from Omidyar Network, Flourish Ventures, and Better Capital.
September 4, 2019June 19, 2020
Yelo raises funding to Launch Financial Services Catered to India’s Next Half Billion
Investors in this round include Matrix Partners India, Omidyar Network India, Flourish, and Better Capital.
July 22, 2019March 11, 2020
Los Angeles Times: How I Made It: He dreamed of a career in politics. Now he’s shaking up consumer banking
“There are other neo-banks,” Cherny said. “But we are the only one to build products around social conscience and sustainability. It is not just marketing.”