Fondeadora finds Gradient for $14m series A

Aug 28, 2020 • Callum Cyrus

Gradient Ventures led the Mexico-based neobank's series A round, which increased its overall funding to $18m.

Mexico-based digital bank Fondeadora has completed a $14m series A round led by Gradient Ventures, the artificial intelligence-focused investment arm of internet technology provider Google, Contxto reported yesterday.

The round also featured accelerator Y Combinator, venture capital firms Sound Ventures and Ignia Partners, VC fund FinTech Collective and angel investor Scott Belsky.

Founded in 2018, Fondeadora has built a mobile-led digital bank that provides deposit accounts that can be accessed from its mobile app. It oversees 150,000 accounts and plans…

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