Comun is a financial technology company that provides banking services to Latino immigrants in the U.S. through a digital platform. It allows users to open a checking account and access financial services without the need for a Social Security number, using various forms of identification from Latin America. The company differentiates itself by offering no fees for account opening, no minimum balance requirements, and bilingual customer support. With a focus on inclusivity, Comun aims to bridge the gap for unbanked immigrants, providing them with essential financial tools and services. The company has gained traction by partnering with Community Federal Savings Bank, ensuring FDIC insurance for deposits, and has raised $4.5 million in seed funding to expand its services.
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