Unit

Unit

Private
New York City, New YorkFinTechhttps://www.unit.co

Last Round

Series C

May 17, 2022

Est. Valuation

$1.2B

Total Funding Raised

$169.6M

Company Overview

Unit is a financial technology company that provides a platform enabling businesses to quickly launch vertical banks by integrating financial features like accounts, cards, payments, and lending while managing compliance and banking relationships.

Sector

FinTech

Verticals

Digital Payments, Digital Banking, Lending & Credit, API Management

Business Model

B2B2C

Customer Profile

Payment Processing Fee, Usage-Based SaaS, Subscription SaaS

AI Layer

Non-AI

Keywords

BaaSembedded financebanking-as-a-servicebanking APIfintech infrastructureembedded bankingcard issuing platformwhite-label bankinglending-as-a-servicepayments APIB2B fintechmulti-bank networkinterchange revenuevertical SaaS banking

Historical Pricing

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Caplight Momentum Score

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Unit Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Unit Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series CMay 17, 2022
Series BJun 17, 2021
SeedDec 8, 2020
Series ADec 8, 2020

Key People

Founding team and executive leadership

Doron Somech

Co-Founder CTO

Founding Team

Itai Damti

Co-Founder CEO

Founding Team

Vignesh Nathan

Chief Financial Officer

Executive Team

Unit Investors

Notable investors and investment history

InvestorRounds
AlephSeries A, Series B, Series C
Flint CapitalSeed
Moving CapitalSeries C
VineSeries C
Flourish VenturesSeries A, Series B, Series C, Seed
TLV PartnersSeries A, Series B, Series C, Seed
Better Tomorrow VenturesSeries B, Series C

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jan 10, 2026

    Added RentSpree LLC, a Real Estate Technology SMB, as a customer.

  • Jan 1, 2026

    Product moves over $40 billion in annual transaction volume.

Unit Filings

SEC and related filings with document metadata.

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Unit Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Unit's valuation, stock price, and market status.

Firmographic Details

HeadquartersNew York City, New York
Employee Range264
Year Founded2019
Last FundingMay 17, 2022

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