After the Office of the Comptroller of the Currency cracked down on a $2.8 billion-asset bank, industry observers expect more scrutiny of the ties between banks and financial technology startups.
Aeldra, a global neobank launched in 2021 to provide Indians access to U.S. banking and investment, has picked up its second round of investment from the early Twitter Silicon Valley investor Greg Kidd.
The California bank sued a former executive for allegedly taking trade secrets and using them to build a rival fintech. A recent interim ruling frees Aeldra Financial to move ahead with fundraising while the case continues.
Aeldra offers unique Zero Fee bank account to U S -bound Indian students aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.