# Banyan

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/banyan

- Industry: Software
- Headquarters: US
- Website: www.banyan.com/
- Total disclosed funding: $38M
- Latest round: Series A (Oct 20, 2022)
- Investors on record: 11

## About

Banyan, based in the US, operates a data collaboration platform that enhances item-level receipt data for merchants, banks, and fintech companies, facilitating secure partnerships and improved transaction efficiency.Founded in 2019 by Ali Azhar, Denzil Seth, Jehan Luth, and Oosman Bashir, Banyan specializes in data collaboration solutions. The company has raised a total of USD 28.00 mn through five deals, with the latest funding round being a Venture Debt of USD 15.00 mn, which occurred on March 13, 2025. Jehan Luth serves as the CEO.Banyan's core product is an innovative data collaboration platform that unlocks item-level receipt data for commercial and consumer applications. The platform enables secure collaborations among diverse stakeholders, including over 40,000 merchant stores and 5,000 financial institutions worldwide, enhancing transaction details, revenue attribution, targeted marketing, fraud management, and customer engagement. Key markets for Banyan's services include North America, Europe, and parts of Asia.Banyan generates revenue through partnerships with merchants, banks, and fintech firms, focusing on subscription-based services and data access fees. Financial institutions utilize Banyan’s platform to access de-identified item-level receipt data, which aids in transaction management and enhances marketing strategies. This integration fosters improved customer engagement and sales for merchants.Banyan plans to leverage recent funding from its acquisition by Bilt Rewards to expand its product offerings and enhance user experiences. The company aims to launch new functionalities on its platform by late 2025, specifically targeting markets in Asia and Europe for further expansion. The funding will support these strategic initiatives, enabling Banyan to foster innovative solutions that drive local business and retail value.

## Funding rounds

- Series A, Oct 20, 2022, $28M — TTV Capital, Interplay, Gaingels, M13, Fin Capital, Bridge Bank, Elizabeth Street Ventures, Motivate Venture Capital, Manifold Ventures, FIS, MoreThan Capital
- Seed, Jul 30, 2021, $10M — TTV Capital, Fin Capital, Motivate Venture Capital, Manifold Ventures

## Investors

- TTV Capital (https://capitalatlas.ai/funds/ttv-capital) — Seed, Series A
- Fin Capital (https://capitalatlas.ai/funds/fin-capital) — Seed, Series A
- Motivate Venture Capital (https://capitalatlas.ai/funds/motivate-venture-capital) — Seed, Series A
- Manifold Ventures (https://capitalatlas.ai/funds/manifold-ventures) — Seed, Series A
- Interplay (https://capitalatlas.ai/funds/interplay) — Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- M13 (https://capitalatlas.ai/funds/m13) — Series A
- Bridge Bank — Series A
- Elizabeth Street Ventures (https://capitalatlas.ai/funds/elizabeth-street-ventures) — Series A
- FIS (https://capitalatlas.ai/funds/fis) — Series A
- MoreThan Capital (https://capitalatlas.ai/funds/morethan-capital) — Series A