El Salvador based payments business raised $12m in pre-Seed funding from regional groups.
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n1co raises $12m in pre-Seed funding
With the rollout of the n1co card, the company believes it will be positioned as the first neobank focused on Central America and the Dominican Republic — a region with roughly 55 million people. “This represents a larger addressable market than Colombia, with lower banking penetration, and an average of around 1.5 smartphones per adult,” McCormack added.
