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Fragment

Developer of an API for accounting engineers

Fragment logo
1-20 employees
  • Fintech
  • B2B
  • API
  • Accounting
Pioneer Square, Seattle, WA

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Company mission

Fragment's mission is to make the engineering and development of money moving and tracking software easy, compliant, untraceable, and easy to integrate.

Our take

Developing accounting apps for the moving and tracking of money is an expensive and time-consuming process due to the number of specialists required for it to work seamlessly. In order to be fault-tolerant, traceable, and idempotent, they traditionally rely on large-scale back-ends that maintain compliance and require a team of accountant engineers to develop.

Fragment develops an API for accounting engineers, allowing them to develop traceable and reliable double entry accounting applications without large software engineer teams and bespoke creation of complex back-ends.

Whilst other fintech APIs facilitate similar accounting features to Fragment, the company has taken the unique approach of embedding compliance and ledger functionality into its API to allow apps to run independently from financial infrastructure. Through this approach, the company shows promise to make it significantly easier to develop compliant and secure account apps whilst reducing costs and necessary hires to achieve it.

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Freddie

Company Specialist at Welcome to the Jungle

Benefits

  • Health benefits - Fragment offers top of the line benefits, including health, dental, and vision insurance
  • Parental Leave - Fragment’s parental leave offers parents paid time off to spend quality time with family
  • Founding team equity
  • Fully remote with the founders in Austin and Seattle
  • Timeoff - We want people to take time off to rest and rejuvenate. Fragment offers unlimited paid vacation as well as 10 observed holidays by country
  • Tools - You’ll receive all new equipment including a laptop, monitor, phone, internet, gym membership and any other accessories you need to do your best work

Funding (last 2 of 3 rounds)

Jul 2024

$9m

SEED

Jan 2023

$2.5m

SEED

Total funding: $11.6m

This company has top investors

Leadership

Omi Reza Chowdhury

(Co-founder)

Experience as Senior Software Engineer and Product Manager for CA Technologies from 2014 to 2018. Co-founder of Cove.io since 2018.

Thomas Neckel

(Co-founder)

Experience as Head of Client Development and SCUID for Identropy Inc. CEO and Co-founder of Cove.io since 2017.