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Bankjoy
Digital banking for banks and credit unions
- 21-100 employees
- B2B
- Banking
- Financial Services
- Mobile
- Royal Oak, MI
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Company mission
Bankjoy is on a quest to "build the high quality banking products we have always wanted to experience ourselves."
89% employee growth in 12 months
Our take
Modern consumers expect slick mobile banking apps, but whilst major nationwide banks can easily develop and deploy a sophisticated and secure system for their customers, smaller banks and credit unions often lack the resources to do this. With more than 6000 credit unions serving a hundred million members in the US alone, there’s certainly a strong potential market for such services - which Bankjoy is rising to fulfil.
Bankjoy doesn’t wish to compete with the major banks. Instead it has created a product that is aimed at smaller businesses, primarily credit unions. Its platform enables banks to offer their customers features like mobile banking, online banking, e-statements, online account opening, online loan origination, and conversational AI, all enabling them to better serve their customers.
The business has grown fast, securing more than 63 clients - including the likes of One Detroit Credit Union and UMe Credit Union - and serving over a million members to date. Atop the 2023 launch of its "Online Account Opening 2.0", which enables financial institutions to quickly and seamlessly onboard new members and clients, Bankjoy has secured impressive funding to support its continued growth and product innovation.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Stock options at a well-funded startup in high growth
- 100% medical, dental, and vision coverage for you. We cover families at 50%
- A fast-paced and collaborative environment
- Performance-based bonuses
- Company-sponsored team meetups
- Career development
- 401(k) plan with 4% match
- 4 weeks PTO and 5 health days
- Remote first company
- Up to 8 weeks of parental leave
- Inclusive and open environment
Company values
- Lead today for an exceptional tomorrow - We drive goals to completion and continually innovate to scale. No solution is off the table. We aren’t captive to past practices. Excellence is imperative for our customers and team.
- Be a good human - Fear is the enemy of progress. We evaluate ideas and don’t judge each other. Build trust and always seek to understand. Respect is given unconditionally.
- Honesty is clarity - We take action based upon facts to drive the best decisions for the company and team. If you don’t understand, ask. If you don’t know, say it. Open communication takes practice. Practice tirelessly and be authentic.
- Lift each other up - Be curious. Listen. Teach. We all learn and grow together. Support drives accomplishment.
- Seek joy - Everyone has one life to live. Make it your best. Do the things you have to do to do the things you want to do.
Funding (last 2 of 5 rounds)
Oct 2020
$12.5m
SERIES A
Aug 2017
$0.6m
SEED
Total funding: $14.3m
This company has top investors
Leadership
Michael Duncan
(CEO)Started their career with 4 years as a Unisys Consultant before working as a Programmer at Vermont Information Processing and Michigan First Credit Union for 5 years. They left this position in January 2015 to found Bankjoy.
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Jobs (3)
Software Engineering