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Banking As A Service Startup Unit Announces $51 Million Series B Led By Accel

Jun 17, 2021•about 4 years ago

Round Type

series b

Description

Unit, the banking-as-a-service startup that empowers companies to embed financial services into their products, today announced it has raised a $51 million Series B led by Accel. Existing investors Better Tomorrow Ventures, Aleph, Flourish Ventures, and TLV Partners also joined the round. Unit will use the funds to expand the team, accelerate growth, and fast-track its product offering to enable companies to build banking products in minutes.

Company Information

Company

Unit

About

Unit is the leading banking-as-a-service platform that empowers companies to build banking into their products. Unit accelerates time to market and enables companies to launch bank accounts, cards, payment, and lending products in weeks. Headquartered in New York City and Tel Aviv, Unit is backed by top investors including Insight Partners, Accel, and Better Tomorrow Ventures and serves 140+ customers including AngelList, HoneyBook, and Roofstock. For more information, visit www.unit.co. Unit and featured customers are financial technology companies and not a bank. Banking services are provided by Unit's partner banks who are Member FDIC. Visa® Debit Cards are issued by Unit's partner banks pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.