Unit raises USD 51 mln in a Collection B

Monday 21 June 2021 09:40 CET | News

Unit has raised USD 51 million in a Collection B led by Accel to launch a product aimed at allowing companies to create live bank accounts and issue cards in minutes.

Present backers Higher Tomorrow Ventures, Aleph, Flourish Ventures, and TLV Companions additionally participated within the newest financing.

The corporate plans to make use of its new capital to develop its headcount of 26 and fast-track its Unit Go providing. It additionally needs to increase its platform into extra monetary merchandise, software program growth kits (SDKs) and integrations.

Unit Go aims to permit corporations create stay financial institution accounts and subject bodily and digital playing cards in minutes. Founders and builders can strive it out by making a free account, constructing in Unit’s stay atmosphere, and testing their merchandise using actual funds. Unit Go is presently in beta and can be accessible to the public within the fall of 2021.

With its platform, Unit touts, corporations in a range of industries can construct monetary merchandise straight into their software program. This provides them the opportunity to construct and launch financial institution accounts, playing cards, cost, and lending merchandise.

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Keywords: funding, BaaS, product launch, banks, financial institutions
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United States
This article is part of category

Banking & Fintech