Unit is a banking-as-a-service platform that enables companies to quickly embed financial services into their products. Through Unit's APIs, companies can launch bank accounts, cards, payments, and lending products within weeks. Unit handles the complex compliance, regulatory, and technological challenges behind the scenes, allowing companies to focus on their core business and customer experience.
Unit was founded in 2019 by Itai Damti and Doron Somech, who previously co-founded and bootstrapped the successful B2B trading tech provider Leverate. The founding team's deep fintech experience has enabled them to build a modern tech stack on a native ledger system and develop streamlined compliance processes. Since its launch, Unit has seen rapid growth, with transaction volume increasing 7x in 6 months. The company has issued over 430,000 cards to 330,000 end customers across 140+ customers ranging from public companies to early-stage startups.
2019
Founded
100-250
Employees
Series C
Stage
$1.2B
Latest Valuation
$100-200M
Total Funding
May 17 2022
Last Fundraise
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