Unit
Embedded banking APIs for software companies
About
Founded in 2019 by Itai Damti and Doron Somech, Unit provides embedded finance APIs that enable software companies to launch banking features including FDIC-insured accounts, debit and credit cards, ACH and wire payments, and small business lending directly within their products in approximately three weeks. The platform operates through eight bank partners and serves both high-growth startups and publicly traded companies, reaching 1.38 million end-customers in Q1 2024 with $28.7 billion in annualized transaction volume. Customers include AngelList, HoneyBook, Homebase, Veryable, Roofstock, and Benepass. Unit raised $173M through a Series C from Accel, Insight Partners, and Flourish Ventures and achieved unicorn status in 2022.
Products
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Ready-to-Launch Fully Managed Solutions
— Fully managed embedded finance solutions launched with a single line of code to start instantly.
Customer sectors: businesses, independent workers, consumers
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Custom API-Built Experiences
— Build fully owned financial experiences with complete control using Unit's APIs.
Customer sectors: developers, businesses, platform engineers
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Accounts & Wallets
— Store and manage money on your platform with accounts and wallets designed for your users.
Customer sectors: businesses, independent workers, consumers
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Money Movement
— Send and receive payments including ACH, wire, check, and real-time payments seamlessly.
Customer sectors: businesses, independent workers, consumers
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Capital
— Offer working capital, charge cards, or credit lines to customers for business purposes.
Customer sectors: businesses, independent workers
Market research & competitive positioning
Source-backed TAM / SAM / SOM sizing, displacement analysis, and an interactive peer positioning map for Unit — available to members.
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