Unit launches to offer banking features as a service

San Francisco-based Unit , the platform that lets companies build financial features into their products, announced its official launch. Since its inception in 2019, the team of ~12 has raised $18.6 million from Better Tomorrow Ventures, Aleph, TLV Partners, Flourish Ventures and Operator Partners, as well as 30 angels.

“We are a true plug-and-play platform that helps tech companies launch financial features with 90% less time and effort. Unit runs on a set of pre-built bank relationships. Our tech and compliance teams work relentlessly in the background, absorb the complexity and hand our clients exactly what they’re asking for: a set of powerful APIs and a dashboard. This approach helped our first clients build end-to-end banking experiences in as little as 4 weeks.” – CEO of Unit, Itai Damti.