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Rebank

Rebank

A financial technology company that has developed a solution that can automate banking processes. It was founded in 2018 and is located in London, the United Kingdom.

Rebank, also known as Rebank Technologies Limited, is a financial technology company with a focus on automating banking tasks for high-growth companies. It has created a platform that can be run concurrently with a client's existing banking account and offers features that utilize the data from the account.

Product

The company's platform shows users the movement of money in and out of their bank accounts in real-time and allows users to make payments as well.The platform can be accessed by clients in the United States, Canada, and the United Kingdom. It can run over multiple bank accounts, including HSBC, Chase, and Wells Fargo, and collect data that can be shared via graphs on the platform's interface. Information that can be analyzed includes gross burn rate and runway. Multiple team members can have access to this information and customizable approvals can be initiated in order to streamline the process of sending and receiving money for the business. To access the platform, companies can pay $50 per month as a subscription fee.

Timeline

December 17, 2019
Rebank raises $2.8 million in seed funding round led by Accelerated Digital Ventures (ADV), with participation from Y Combinator, Oriza Ventures, and angel investor including Jude Gomila.
December 2019
Rebank raises a $2,800,000 seed round from Jude Gomila, Oriza Ventures, PV Seed Fund and Y Combinator.
March 18, 2019
Rebank launches on YC Demo Day
May 23, 2018
Rebank gains FCA approval as an account information service provider.
June 16, 2017
Rebank accepted into FCA regulatory sandbox - cohort 3

Funding rounds

People

Name
Role
LinkedIn

Juan Andrade

Founder

Further reading

Title
Author
Link
Type
Date

Here are the 85+ startups that launched at YC's W19 Demo Day 1

Josh Constine, Kate Clark, Lucas Matney, Greg Kumparak

Web

March 19, 2019

Rebank raises $2.8M to build a better banking experience for high-growth companies

Steve O'Hear

Web

December 17, 2019

Regulatory sandbox - cohort 3

Web

June 16, 2017

Documentaries, videos and podcasts

Title
Date
Link

CEO Juan Andrade talks about the journey and working as a remote team

July 29, 2020

Rebank raises $2.8M to build a better banking experience for high-growth companies

December 17, 2019

Start-up diaries: From Executive MBA to Silicon Valley | London Business School

December 19, 2019

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Steve O'Hear
December 17, 2019
TechCrunch
Ask almost any startup founder and they'll tell you that business banking is mostly broken. Legacy banks typically provide a clunky user experience trapped in the past. New challenger banks show a lot of promise on the UX front but often come with an immature feature set that hits a wall as soon as a [...]

References

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