Cheese raises $3.6M for its digital bank aimed at the Asian-American community
Today, Cheese announced the launch of its digital banking platform that is aimed at primarily serving the Asian-American community, TechCrunch reports.
Over the past year, Cheese has raised a total of $3.6 million in funding from investors such as iFly.vc; Amplify; Adam Nash, former CEO of Wealthfront; Zillow co-founder Spencer Rascoff and VC firms Wedbush Ventures, Idealab and Operate Venture Studio. The startup has also partnered with actor Jimmy Wong, an advocate for Asian rights. He will serve as Cheese’s chief community ambassador.
Cheese’s platform provides a debit Mastercard (issued by Coastal Community Bank), which is available to those with no credit history.
