Z1 secured $10 million in Series A

Z1, a Brazilian neobank focused on offering digital accounts and a linked prepaid card to teenagers and young adults, secured $10 million in Series A funding just six months after taking in $2.5 million.

Kaszak led the latest round and was joined by existing investors MAYA Capital, Homebrew, Clocktower and The Chainsmokers.

Since the last raise in April, the company’s revenue grew 26 times and continues to do so at almost 40% per month, CEO Thompson said via email. Z1 also grew its customer base by eight times during the same time at a rate of 30% per month.

Read more: TechCrunch