logo
logo

Sandbox Banking Secures $4.3M In Seed Funding To Streamline Integration For Banks And Credit Unions

Feb 14, 2023•over 2 years ago

Amount Raised

$4.3 Million

Round Type

seed

BostonLendingFintechFinancial Services

Investors

Service Credit UnionChoice FinancialUnited BankSilicon Valley BankBank NewportTuesday CapitalSix ThirtyForum VenturesHorizon Ventures

Description

Sandbox Banking, the fintech building a low-code integration platform for banking, announces its completion of a strategic investment led by Horizon Ventures, bringing the company's total financing to $6M. Participating investors include Forum Ventures, SixThirty, Tuesday Capital. Using the company's GlyueTM platform, banks and credit unions can accelerate digital transformation using pre-built API adapters and solution templates to securely connect existing systems with fintech partners. Sandbox Banking's game-changing API builder platform already empowers teams at over 70 financial institutions across the US & Canada, including Bank Newport, Silicon Valley Bank, United Bank, Choice Financial, and Service Credit Union.

Company Information

Company

Sandbox Banking

Location

Boston, Massachusetts, United States

About

Sandbox Banking is a fintech building a low-code integration platform called Glyue to help banks and credit unions connect fintech products into their existing systems. Banks and credit unions grow revenue and increase operational efficiency by securely integrating fintech products with their existing infrastructure via Glyue. The company's fintech partners close financial institution sales faster and can offer seamless integrated experiences across banking customer systems. Sandbox Banking's investors include Horizon Ventures. Tuesday Capital, Forum Ventures, SixThirty & YCombinator.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Related People