Stockholm startup Matters has raised $5 million in pre-seed funding to build an AI-powered consumer bank, The Next Web reports. It plans to charge a flat monthly fee, offer an AI adviser and return some banking fees as cashback. Matters will use the funding to apply for licences and grow its 14-person team; its first consumer product is due in the coming weeks.

thenextweb.comMatters raises $5M to build an AI-powered consumer bank