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Linker Finance Secures $3.7M Seed Round to Transform Digital Banking for Community Banks

2024-08-27 12:43:36.448000

Linker Finance, a Pasadena-based startup founded by Jorge Garcia, has successfully raised $3.7 million in a seed financing round aimed at enhancing digital banking solutions for community banks. The funding, announced on August 27, 2024, was led by Ten One Ten Ventures and Chingona Ventures, with additional contributions from Audaz Capital, Techstars, Commerce Ventures, Bank of Brodhead, Angeles Investors, and several angel investors including Edrizio de la Cruz, Ahmed Mirza, Michael Olson, and Roberto Medrano. This capital infusion is set to support product development and business growth, with new features expected to be rolled out by the third quarter of 2025. Garcia highlighted the critical role community banks play in the U.S. economy, funding 80% of agriculture and 60% of small businesses, and emphasized the need for innovative digital solutions to empower these institutions. [faf3716c]

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