Brazilian neobank Yolo Bank raised a $500K pre-seed round led by Marathon Ventures.
Yolo Bank will use the funds to enhance its AI technology and to hire new talent.
“We are hiring new talent, mainly to help with onboarding universities. Our focus is to grow without compromising quality,” said Mauro Yolo, Yolo Bank’s Founder and CEO.
Yolo Bank provides debit and credit cards, payment services, and uses AI to offer tuition discounts for students in Brazil.
Founded in 2023, Yolo Bank has a client base of 700,000 students and 76 universities that partner with the neobank to offer pre-approved tuition discounts..
