ZELF raises $2 million to expand messenger-based bank for Gen Z

ZELF, a Latvian fintech startup creating a messenger-based neobank for Gen Z, has raised $2 million in a pre-seed funding round, Tech.eu reports. The round was led by Austrian venture capital fund 3VC with backing from Seed Х and Hard Yaka. Other investors include Yair Goldfinger, co-founder of ICQ, and Chris Adelsbach, venture partner at Techstars and founding partner at Outrun Ventures.

ZELF brings financial services directly to instant messengers like Facebook Messenger, WhatsApp, Telegram and Viber. The company claims it takes less than 30 seconds to receive a virtual Mastercard card and an IBAN account. 

Read more: Tech.eu