Flybits

Toronto, Canada Founded: 2013 • Age: 13 yrs
Context-as-a-Service platform is delivered for banking mobile applications.
Annual revenue - Latest available
Total funding $50.0M 4 rounds
Employees - Tracked headcount
Investors 13 Known backers
Products 4 Services tracked
Competitors 10 Brand Intelligence

About Flybits

Flybits is a company based in Toronto (Canada) founded in 2013. Flybits has raised $50 million across 4 funding rounds from investors including Mastercard, Vodafone and TD Bank. Flybits offers products and services including Cardholder Lifecycle Management Solution, Bank Solution, Wealth Solution, and Insurance Solution. Flybits operates in a competitive market with competitors including Voxeo, Tagit, Peppermint Innovation, Clair Mail and Bankjoy, among others.

  • Headquarter Toronto, Canada
  • Sectors
    Financial Services
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Flybits Inc
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $50 M (USD)

    in 4 rounds

  • Latest Funding Round
    $35 M (USD), Series C

    Jul 16, 2019

  • Investors
    Mastercard

    & 12 more

  • Employee Count
    Not available
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Products & Services of Flybits

Flybits offers a comprehensive portfolio of products and services, including Cardholder Lifecycle Management Solution, Bank Solution, Wealth Solution, and Insurance Solution.

Product name locked
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Primary

Manages customer journeys in banking for enhanced retention.

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Delivers tailored experiences for financial institutions.

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Provides personalized services for high-yield clients.

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Drives action through next-generation experiences.

People of Flybits

Headcount 50-200
Employee Profiles 32
Board Members and Advisors 15
Employee Profiles
People
Hossein Rahnama
Founder & CEO
People
Will Silveira
Engineering Manager / Tech Lead - Web
People
Jason Davies
VP, Enterprise Innovation
People
Arman Masoumi
VP, Engineering

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Board Members and Advisors
people
Sheldon Levy
Special Executive Advisor
people
Alex Pentland
Special Executive Advisor
people
Alex Tong
Board Observer
people
Pete Casella
Board Observer

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Funding Insights of Flybits

Flybits has successfully raised a total of $50M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $35 million completed in July 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Flybits

Flybits has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Mastercard, Vodafone and TD Bank.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital fund focused on seed to growth stage fintech, deep tech, and enterprise tech companies
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Early-stage Australian tech companies are invested in by Reinventure Group.
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Venture capital firm focused on fintech & enterprise SaaS sectors
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Investor details for Flybits

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  • Investor domains
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Investments & Acquisitions by Flybits

Investments
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Investment portfolio details for Flybits

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  • Transaction dates
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Financial Statements - Flybits

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Detailed financials for Flybits

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Flybits Comparisons

Flybits Primary company
Description
Context-as-a-Service platform is delivered for banking mobil...
Location
Toronto, Canada
Founded Year
2013
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Flybits

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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Competitors of Flybits

Flybits operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Voxeo, Tagit, Peppermint Innovation, Clair Mail and Bankjoy, among others.

Company Name Domain Founded year HQ Location Description
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IVR and VoIP platforms for customer service automation are hosted.
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Digital engagement solutions are provided for governments and banks.
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Proprietary mobile banking technology is commercialized for financial institutions.
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Mobile solutions for banking, payments, and card services are provided.
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Mobile banking solutions are offered to credit unions.
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Detailed competitors of Flybits

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Latest news on Flybits

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Complete news archive for Flybits

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Flybits

Flybits was founded in 2013 and raised its 1st funding round 1 year after it was founded.

Flybits is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.

Flybits is a funded company, having raised a total of $50M across 4 funding rounds to date.

Flybits was founded in 2013 in Toronto, Canada, within the fintech sector. A Context-as-a-Service platform is provided to banks and enterprises, enabling the creation of context-aware mobile applications. Tools are offered for developing personalized experiences atop traditional app frameworks and location-based services. iOS and Android devices are supported, with scalability designed for emerging internet-of-things data sources. Operations focus on enterprise banking channels across digital platforms.

Flybits's top competitors include Tagit, Voxeo and mFoundry.

Flybits offers Cardholder Lifecycle Management Solution, Bank Solution, Wealth Solution, and Insurance Solution.

Flybits has 13 investors. Key investors include Mastercard, Vodafone, TD Bank, Portage, and Point72 Ventures.

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