$120-140k
Banking-as-a-Service platform
Open for applications
$120-140k
201-500 employees
To expand financial access for all by empowering the next generation of fintech builders.
Financial services are becoming increasingly vital for modern businesses, but building them is a lengthy, complex and often expensive process. Unit exists to make this easy, letting companies provide cards, bank accounts and payment products through its banking-as-a-service platform.
Embedded financial services are popular, as companies look for ways to attract customers with easy payment options and branded payments cards. Unit seeks to differentiate itself by providing a flexible, white label solution, that allows its customers to simply embed Unit's offerings within their product with easy API integrations. This has gained it a large and growing customer base including the likes of Homebase and Wingspan.
Unit's valuation exceeded $1 billion at its last fund raise in 2022, making it the first unicorn in the banking-as-a-service space. It is using this funding for product development, most recently moving into issuing charge cards. While this may bring it into competition with heavyweight incumbents Brex and Ramp, Unit's solution is more cost effective and flexible for smaller companies, and ties in with its existing offering. If this move is successful, Unit is well on its way to its goal of becoming a name ubiquitous among businesses while being unknown to the end user.
Steph
Company Specialist at Welcome to the Jungle
47% employee growth in 12 months
May 2022
$100m
SERIES C
Jun 2021
$51m
SERIES B
Kips Bay, New York, NY
Itai Damti
(CEO)They worked as a Software Engineer in the IDF before co-founding Leverate in 2008. They subsequently co-founded 2n, and founded Unit in April 2019 alongside Mentoring, Investing, and Advisory roles.
Doron Somech
(CTO)They co-founded Leverate with Itai in 2008, serving until September 2015 as CTO. They also co-founded Unit, and have been CTO since 2019.
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