Ubanku
The business, the turning points, and the decisions behind them.
Some sections are still being researched1 / 4
Sections to complete：02
01 / WHAT IT BUILT
What the company did
Ubanku was a Colombian neobank for young people, founded in Bogota in 2014 (previously known as Enlau/EnlaU, a student-economy platform whose entrepreneurship courses reached some 150,000 Colombian students). Repositioned as a 'financial guru' for Gen Z, it aimed to bundle the products and services young people need into one consumption-and-learning experience: an educational investment platform where users set goals, a digital wallet, and financing solutions for students. In late 2022 it closed a $1 million pre-seed round (Newtopia VC, Irie VC, Entrepreneur First, SOSV and angels including executives from PayU, Google and IBM) to launch the neobank in 2023. PitchBook records the company as Out of Business.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Founded
Ubanku is founded in Bogota, Colombia in 2014 (previously EnlaU, a student-economy platform).
- Pre-seed round
In late 2022 Ubanku closes a $1 million pre-seed round to launch a neobank for young people in 2023.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
In late 2022 Ubanku raised $1 million in pre-seed funding to launch a youth neobank in 2023.
- 02
PitchBook now records Ubanku as Out of Business (formerly VC-backed); no public shutdown announcement was found.