Other investors in the round include Alloy Alchemist Fund, Debut Capital, Ruthless for Good and Candide Group.The bank is focused on solving financial barriers for Native Americans, Totem Founder and CEO Amber Booker said in a press release, to change the status quo and create a new tradition of Native wealth-creation. Were doing it in a way that honors and uplifts our people.Totem, a neobank for Native Americans, will launch in 2023 with basic services like a spending account, debit card and early paycheck access, but Native-specific mortgages and more are on the horizon.Totem will go live in early 2023 as a mobile banking app, with a spending account, debit card, early paycheck access, information on tribal benefits and more. The companys roadmap features credit-building, charitable giving and Native-specific mortgages, such as Section 184 loans from the U.S. Department of Housing and Urban Development.Booker also plans to white-label the app for individual tribes, showing the color and language of that tribe and providing a way for tribal benefits to be delivered electronically. It will also yield more revenue from interchange income for Totem.Connecting tribal members with their benefits can be a game changer in anyones life, Jimmy Chen, founder and CEO of Propel, said in the release. Propel builds technology for low-income people to improve their financial health and was an angel investor in the round.