# Unit Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/unit-finance

- Industry: Software
- Headquarters: New York, US
- Website: www.unit.co
- Total disclosed funding: $188M
- Latest round: Series C (May 17, 2022)
- Investors on record: 9

## About

Based in New York, US, and founded in 2019 by its CEO, Itai Damti, and CTO, Doron Somech, Unit Finance, Inc. operates as a financial technology company that enables businesses to offer embedded banking and lending solutions. In May 2022, Unit Finance, Inc. raised USD 100 million in series C funding led by Insight Partners, with participation from Accel, Better Tomorrow Ventures, and Flourish Ventures. 

Unit Finance, Inc. provides a banking-as-a-service platform that offers a comprehensive suite of financial services, including accounts, cards, payments, and lending. It streamlines the processes of know your customer (KYC), know your business (KYB), anti-money laundering (AML), fraud detection, and application reviews, ensuring compliance and efficient onboarding. Additionally, the company's activity stream and statement UIs allow its users to monitor and manage all customer accounts, cards, transactions, and activities, as well as track, customize user permissions, and ensure the security of data through single sign-on authentication. The company's client base includes Homebase, Toolbox, Relay, and Every.

## Funding rounds

- Series C, May 17, 2022, $100M — Accel, Insight Partners, StepStone, Karman Ventures, Flourish Ventures, Better Tomorrow Ventures
- Series B, Jun 17, 2021, $51M — Accel, Aleph, TLV Partners, Flourish Ventures, Better Tomorrow Ventures
- Series A, Dec 8, 2020, $19M — Aleph, TLV Partners, Flourish Ventures, Operator Partners, Better Tomorrow Ventures
- Series A, Sep 28, 2020, $15M — Aleph, TLV Partners, Flourish Ventures, Operator Partners, Better Tomorrow Ventures
- Seed, Dec 1, 2019, $3.6M — TLV Partners, Better Tomorrow Ventures

## Investors

- TLV Partners (https://capitalatlas.ai/funds/tlv-partners) — Seed, Series A, Series B
- Better Tomorrow Ventures (https://capitalatlas.ai/funds/better-tomorrow-ventures) — Seed, Series A, Series B, Series C
- Aleph (https://capitalatlas.ai/funds/aleph) — Series A, Series B
- Flourish Ventures (https://capitalatlas.ai/funds/flourish-ventures) — Series A, Series B, Series C
- Operator Partners — Series A
- Accel (https://capitalatlas.ai/funds/accel) — Series B, Series C
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C
- StepStone (https://capitalatlas.ai/funds/stepstone) — Series C
- Karman Ventures (https://capitalatlas.ai/funds/karman-ventures) — Series C