Point72-backed Productfy raises USD 2.35 mln for fintech apps

Tuesday 1 December 2020 10:19 CET | News

Productfy has brought in a USD 2.35 million seed round to create a platform that enables non-bank companies to develop and launch their own fintech applications, according to Point72 Ventures led the round and was joined by Envestnet Yodlee Incubator. 

The company is also now working with a group of partners, including card issuer Marqeta, financial data provider Yodlee, banking partner Avidia and Equifax, to expand its underlying framework to offer additional functions and capabilities. There are another two or three banks that Productfy will be signing on in the next two months, Vo told Crunchbase News.

With the new funds, the company will deepen existing partnerships and invest in product development.
Productfy will be opening up a beta program for fintech companies developing debit and credit card programs in early 2021, Vo said.

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Keywords: Productfy, fintech, embedded finance, funding
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United States
This article is part of category

Banking & Fintech