# jaris

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

- Industry: Financial Services
- Headquarters: Burlingame, US
- Website: www.jaris.io
- Total disclosed funding: $31M
- Latest round: Series B (Aug 18, 2021)
- Investors on record: 3

## About

Based in the US, jaris, inc. operates as a provider of embedded financial services, facilitating streamlined lending and banking solutions for merchants across various digital platforms.Founded in 2017, jaris, inc. is based in Burlingame, US. The company specializes in embedded financial services, enabling merchants to access tailored financial solutions. Chris Aristides, the founder, has a history of entrepreneurial ventures. In August 2021, jaris raised USD 31 mn in SERIES B funding, led by GSR Ventures, which marks a significant milestone in their financial journey. The company has closed a total of 1 deal to date, with a current valuation of USD 188.279 mn.Jaris offers a comprehensive suite of embedded financial services designed to empower merchants through streamlined financial solutions. The core product offerings include embedded lending, instant funding, and a suite of banking services, all accessible via a single integration platform. These services enable businesses to efficiently fund their growth—whether that involves acquiring equipment, managing inventory, or pursuing expansion opportunities. Jaris targets a diverse array of clients, including B2B platforms, e-commerce businesses, and retail merchants, facilitating frictionless access to financial products for their end users. Notably, Jaris operates across various geographical markets, including the United States, where it collaborates with First Internet Bank of Indiana to provide tailored lending solutions to small and medium-sized enterprises.Jaris generates revenue through a transactional model that incorporates partnerships with businesses seeking embedded financial solutions. The structure primarily involves service fees derived from the processing of lending applications and the provisioning of banking services. Clients may engage with Jaris through a B2B framework, where platforms integrate Jaris' financial offerings into their ecosystems, thereby enhancing their services to merchants. The pricing model is contingent upon factors such as the volume of transactions processed and the financial products utilized, enabling Jaris to align its fees with the value delivered to its partners. Specific flagship services like embedded lending and instant funding are core to its revenue generation strategy, catering to the needs of merchants and fostering long-term client relationships within the embedded finance sector.In August 2021, jaris, inc. secured USD 31 mn in SERIES B funding to bolster its growth strategy. The company plans to utilize this funding to hire new employees for its engineering, finance, and operations teams, thereby supporting its expansion and product development efforts. Jaris aims to introduce new products designed to enhance its embedded financial services and will likely focus on expanding into additional markets in the coming years.

## Funding rounds

- Series B, Aug 18, 2021, $31M — GSR Ventures, Wing, Franklin Templeton

## Investors

- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Series B
- Wing (https://capitalatlas.ai/funds/wing) — Series B
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series B