About Unit
Unit is a company based in Tel Aviv (Israel) founded in 2019 by Itai Damti and Doron Somech. It operates as a API-as-a-Product, B2B2C, and FinTech. Unit has raised $169.6 million across 4 funding rounds from investors including StepStone, Accel and Jeff Horing. Unit offers products and services including Embedded Capital, Embedded Banking, Bill Pay Solutions, Accounts & Wallets, and Card Issuing. Unit operates in a competitive market with competitors including Zeta, Tink, Bud, Finix and Apiture, among others.
- Annual Revenue$138.6 K (USD)26as on Dec 31, 2023
- Net Profit$15.61 K (USD)411as on Dec 31, 2023
- Total Equity Funding$169.6M (USD)
in 4 rounds
- Latest Funding Round$100M (USD), Series C
May 2022
- InvestorsStepStone
& 9 more
Products & Services of Unit
Unit offers a comprehensive portfolio of products and services, including Embedded Capital, Embedded Banking, Bill Pay Solutions, Accounts & Wallets, and Card Issuing.
Capital access is provided instantly to business customers.
Banking solutions are integrated for seamless customer experiences.
Bill payment tools are embedded for user convenience.
Banking products are created for storing user funds.
Debit and credit cards are issued to users.
Funding Insights of Unit
Unit has successfully raised a total of $169.6M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $100 million completed in May 2022. 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.
- Total Funding $169.6M
- Total Rounds 4
- Last Round Series C — $100M
- First Round $3.6M
(Dec 2020)
- Investors Count 10
All 4 funding rounds of Unit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $100M | Series C | $1.2B | Jeff Horing | |
| Jun 2021 | $51M | Series B | – | Accel | |
| Dec 2020 | $15M | Series A | – | Aleph Capital Partners | |
| Dec 2020 | $3.6M | Seed | – | TLV Partners |
| Date | Valuation | Stage |
|---|---|---|
| May 2022 | $1.2B | •••••••• |
Last known valuation $1.2B (May 2022). 10 investors in total: 9 institutional and 1 angel.
Investors in Unit
Unit has secured backing from 10 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include StepStone, Accel and Jeff Horing.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Early-stage investments in fintech, vertical SaaS, and marketplaces are targeted. | – | btv.vc | San Francisco, United States | |
Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs. | – | flourishventures.com | Redwood City, United States | |
Venture capital fund investing in multiple sectors | – | karman.vc | Santa Monica, United States | |
Aleph is focused on investment management and capital growth. | – | aleph.com | London, United Kingdom | |
VC firm investing in early stage startups in Israel & the US | – | tlv.partners | Tel Aviv, Israel | |
Venture capital firm investing in multiple sectors | – | btomorrowv.com | London, United Kingdom | |
Venture capital firm investing in tech sectors | – | operatorpartners.com | New York, United States | |
A multi-lingual European job board is operated for recruitment services. | 1996 | stepstone.com | Dusseldorf, Germany | |
JH Jeff Horing | Co-founder of Insight Partners, active angel investor in tech startups. | – | unknown_60f0a6aa1d7a48389 | - |
Investor details for Unit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Unit
42 people are tracked at Unit (16 in leadership, 26 in team).
| Name | Role | Group |
|---|---|---|
Itai Damti | Co-Founder & CEO | Leadership |
Doron Somech | Co-Founder & CTO | Leadership |
Alex Acree | Chief Legal Officer | Leadership |
Ehud Fisher | VP, Product | Leadership |
Elroie Roash | VP, Engineering | Leadership |
Joe Oehmke | Chief of Staff | Leadership |
Kieran Pasco | Head Of Platform | Leadership |
Alexander Basovskiy | Chief Data Scientist | Leadership |
Gabriela Peled | Global Sr. Director Of People | Leadership |
Shalom Joseph | VP Of Marketing | Leadership |
Morgan Goldstein | Director Of Customer Success | Leadership |
Shani Haber | People Partner And Office Manager | Leadership |
Vignesh Nathan | Chief Financial Officer | Leadership |
Tal Grinberg | Head Of Banking Products | Leadership |
Vinny Rezavker | Director Of Bank Partnerships | Leadership |
Yael Rimon | Head Of People USA | Leadership |
Yael Feldman | Data Analysis Team Lead | Team |
Roy Eylam | Senior Product Manager | Team |
Michael Lieberman | Customer Success Manager | Team |
Beny Chernyak | Senior Software Engineer | Team |
22 more people are available in the full profile.
Complete people profiles for Unit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Unit
4 dated milestones of Unit across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Unit is founded.
- Funding First funding round of $3.6M.
- Funding Latest funding round, Series C, of $100.0M.
- Milestone Reaches Unicorn status.
Competitors of Unit
Unit 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 Zeta, Tink, Bud, Finix and Apiture, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zeta.tech | 2015 | San Ramon, United States | $390M | 1,278 | Payment and banking solutions are provided to users and banks. | |
| tink.com | 2012 | Stockholm, Sweden | $358.93M | – | Tink is recognized as a leading European open banking platform. | |
| thisisbud.com | 2015 | London, United Kingdom | $102.54M | 86 | Bud Financial is focused on transforming transaction data into actionable insights for financial institutions. | |
| finix.com | 2015 | San Francisco, United States | $200.5M | 118 | API-enabled platform for business payment processing is provided. | |
| apiture.com | 2017 | Wilmington, United States | $59.71M | 258 | Open banking APIs are delivered to financial institutions and banks. | |
| silamoney.com | 2017 | Portland, United States | $23.68M | 49 | API-based solutions for online payments and P2P transactions are provided. | |
| sandbox.com | 2014 | Chicago, United States | $28M | – | Service agency for marketing and promoting solutions |
Detailed competitors of Unit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Unit
The website of Unit (unit.co) receives about 61.1K visits a month.
- Monthly visits61.1K
▼ 1.1% vs previous month
Websites whose visitors overlap most with Unit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| onbe.com | 100% | 25.2K | #1,194,896 | View details | |
| galileo-ft.com | 98% | 72.4K | #513,608 | View details | |
| oscilar.com | 97% | – | #912,482 | View details | |
top10businessbanks.com | top10businessbanks.com | 97% | – | #3,875,831 | – |
| roofstock.com | 90% | 95K | #422,923 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 15 similar websites and full traffic analytics for Unit
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 15 similar websites
- Audience overlap
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- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Unit
Complete news archive for Unit
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Unit
10 companies that operate in the same segment as Unit (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about Unit
Unit was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Unit is headquartered in Tel Aviv, Israel.
Itai Damti is the current CEO of Unit. They have also founded this company.
Unit is a funded company, having raised a total of $169.6M across 4 funding rounds to date. The company's 1st funding round was a Seed of $3.6M, raised on Dec 2020.
Annual revenue of Unit is $138.6K as on Dec 31, 2023.
Embedded finance platforms are developed by Unit to integrate capital, banking, and bill pay solutions into tech companies offerings. Services are tailored for vertical SaaS, business management software, independent workers, and consumer markets. Comprehensive financial tools including accounts, wallets, money movement, and card issuing are offered. The platform supports rapid deployment with ready-to-launch solutions and customizable APIs. Focus is placed on enhancing customer engagement and increasing lifetime value through smarter money experiences. Support and fraud protection are ensured for all embedded financial products.
Unit offers Embedded Capital, Embedded Banking, Bill Pay Solutions, Accounts & Wallets, and Card Issuing.
Unit has 10 investors. Key investors include StepStone, Accel, Jeff Horing, Better Tomorrow Ventures, and Flourish Ventures.
The valuation of Unit is $1.2B as of May 2022.
Unit operates through Unit Finance Inc..