Unit
Founded Year
2019Stage
Series C | AliveTotal Raised
$173.2MValuation
$0000Last Raised
$100M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-63 points in the past 30 days
About Unit
Unit is a financial technology company that specializes in embedded finance and financial infrastructure within the banking and lending sectors. The company offers a platform that enables tech companies to integrate banking services, such as storing, moving, and lending money, into their products. Unit's services are designed to facilitate compliance and simplify technical integration for businesses looking to offer financial services. It was founded in 2019 and is based in New York, New York.
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Unit's Product Videos
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ESPs containing Unit
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The banking-as-a-service (BaaS) market provides infrastructure platforms for banks and fintechs to digitize their services and expand their customer base through embedded banking and payment options. This market also allows established non-fintech companies to add banking services to differentiate their offerings and generate new revenue streams. BaaS providers offer APIs that enable fintechs and …
Unit named as Challenger among 15 other companies, including Stripe, Marqeta, and Solaris.
Unit's Products & Differentiators
Banking-as-a-service API
The Unit API lets you create accounts, cards, payments, and lending
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Research containing Unit
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Unit in 3 CB Insights research briefs, most recently on May 8, 2024.
May 8, 2024
The embedded banking & payments market map
Jan 4, 2024
The core banking automation market map
Oct 3, 2023 report
Fintech 100: The most promising fintech startups of 2023Expert Collections containing Unit
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Unit is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,261 items
Payments
3,085 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
9,394 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Digital Banking
922 items
The open banking ecosystem is facilitated by three main categories of startups including those focused on banking-as-a-service, core banking, and open banking startups (i.e. data aggregators, 3rd party providers). These are primarily B2B companies, though some are also B2C.
Fintech 100
599 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Unit Patents
Unit has filed 3 patents.
The 3 most popular patent topics include:
- honeycombs (geometry)
- house styles
- house types
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
4/4/2018 | 10/25/2022 | Fluid dynamics, Hydrology, Aerodynamics, Wave mechanics, Acoustics | Grant |
Application Date | 4/4/2018 |
|---|---|
Grant Date | 10/25/2022 |
Title | |
Related Topics | Fluid dynamics, Hydrology, Aerodynamics, Wave mechanics, Acoustics |
Status | Grant |
Latest Unit News
Feb 11, 2025
Vantage Bank taps Finzly to modernise payment operations 11th February 2025 Texas, US-based Vantage Bank has opted for Finzly’s end-to-end payment hub as it looks to modernise and consolidate its payment processing infrastructure. Vantage Bank partners Finzly The new partnership will see Vantage gain access to instant payments, FedWire , and foreign exchange (FX) services through Finzly’s solution, which also supports rules-based smart routing and customisable workflows, among other features. “Not only does it streamline the payment process, but it also unlocks valuable data, enabling us to enhance internal automation and respond swiftly to our customers’ evolving needs,” adds Vantage’s chief business architect, Shawn Main. Finzly states that through the selection, the bank is “positioning itself for future expansion with new services and better serving its international client base”. Vantage is understood to have previously been using the All Payments solution provided by Canadian software vendor CGI , which replaced its legacy FedWire and ACH processing solutions in 2021. Elsewhere across its digital transformation strategy, the bank, which provides business, retail and international banking services from its headquarters in San Antonio, Texas, selected the financial infrastructure platform of Banking-as-a-Service fintech Unit in August to extend its financial services to software companies. This was followed by a partnership with payments processor i2c in October, which aimed to bolster Vantage’s card payment operations.
Unit Frequently Asked Questions (FAQ)
When was Unit founded?
Unit was founded in 2019.
Where is Unit's headquarters?
Unit's headquarters is located at 215 Park Avenue South, New York.
What is Unit's latest funding round?
Unit's latest funding round is Series C.
How much did Unit raise?
Unit raised a total of $173.2M.
Who are the investors of Unit?
Investors of Unit include Flourish Ventures, Better Tomorrow Ventures, Accel, Insight Partners, TLV Partners and 4 more.
Who are Unit's competitors?
Competitors of Unit include Infinant, Synctera, NovoPayment, BM Technologies, NoFrixion and 7 more.
What products does Unit offer?
Unit's products include Banking-as-a-service API and 4 more.
Who are Unit's customers?
Customers of Unit include Benepass, Wethos, Moves and Tribevest.
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Compare Unit to Competitors
Synctera is a banking and payments platform that provides technology infrastructure and a compliance framework for companies to launch FinTech and embedded banking products. The company offers services including APIs for digital wallets, debit and charge cards, and money movement experiences, supporting financial solutions. Synctera primarily serves FinTechs, embedded banking providers, and banks looking to build their sponsor banking programs. It was formerly known as Entangle. It was founded in 2020 and is based in Palo Alto, California.
Productfy is a platform that specializes in the embedding of financial products within various business sectors. The company offers a suite of services, including branded card programs, digital banking solutions, secured charge card issuance, and disbursement mechanisms, all designed to be integrated seamlessly into clients' applications. Productfy primarily serves sectors such as community banks, credit unions, real estate, financial services, and insurance. It was founded in 2018 and is based in San Jose, California.
Treasury Prime is an embedded banking platform that specializes in connecting businesses with a network of banks and financial service providers. Its main offerings include API banking integrations that enable companies to develop and launch financial products such as FDIC-insured accounts, payment processing solutions, and debit card issuance. Treasury Prime's platform is designed to support compliance program integration and multi-bank operations, facilitating the creation of investment vehicles and instant payout ecosystems for various industries. It was founded in 2017 and is based in San Francisco, California.
NovoPayment specializes in providing Banking as a Service (BaaS) platforms and focuses on digital financial and transactional services. The company offers a suite of bank-grade solutions, including digital banking, payment processing, card issuing, and risk management services, all designed to integrate with existing systems for financial operations and customer experiences. NovoPayment primarily serves banks, financial institutions, merchants, and other financial service providers looking to digitize and modernize services. It was founded in 2007 and is based in Miami, Florida.
Hydrogen operates as a no-code embedded finance company. It offers United States dollar (USD) banking services, wealth management, personal financial management (PFM), and cryptocurrency payments solutions. The company was founded in 2017 and is based in Miami, Florida.
Highnote is a financial technology company that provides payment solutions across various sectors. The company offers a platform for issuing cards, accepting payments, and managing credit programs, which can integrate into existing products and services. Highnote serves digital enterprises interested in embedding finance experiences. It was founded in 2020 and is based in San Francisco, California.
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