Unit Overview

  • Year Founded
  • 2019

Year Founded

  • Status
  • Private

  • Employees
  • 172

Employees

  • Latest Deal Type
  • Later Stage VC

  • Investors
  • 19

Unit General Information

Description

Developer of financial infrastructure platform designed to help companies launch vertical banks. The company's platform allows financial features into products such as accounts, cards, payments, and lending while taking care of compliance and maintaining banking relationships, enabling businesses to launch banking experiences in less time and create a differentiated product that increases lifetime customer value.

Contact Information

Website
www.unit.co
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 215 Park Avenue South
  • Floor 11
  • New York, NY 10003
  • United States
+1 (510)
Primary Industry
Financial Software
Other Industries
Other Financial Services
Vertical(s)
FinTech
Corporate Office
  • 215 Park Avenue South
  • Floor 11
  • New York, NY 10003
  • United States
+1 (510)

Unit Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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Unit Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Later Stage VC Completed Generating Revenue
4. Secondary Transaction - Private 01-Jan-2023 Completed Generating Revenue
3. Later Stage VC (Series C) 17-May-2022 Completed Generating Revenue
2. Early Stage VC (Series B) 01-Jul-2021 $51M $69.6M Completed Generating Revenue
1. Early Stage VC (Series A) 08-Dec-2020 $18.6M $18.6M Completed Generating Revenue
To view Unit’s complete valuation and funding history, request access »

Unit Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series C
Series B
Series A 5,603,272 $0.000100 $2.68 $2.68 1x $2.68 17.14%
Seed 4,754,087 $0.000100 $0.76 $0.76 1x $0.76 14.55%
To view Unit’s complete cap table history, request access »

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Unit Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of financial infrastructure platform designed to help companies launch vertical banks. The company's platform
Financial Software
New York, NY
172 As of 2023

London, United Kingdom
 

South San Francisco, CA
 
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Unit Competitors (6)

One of Unit’s 6 competitors is Railsr, a Private Equity-Backed company based in London, United Kingdom.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Railsr Private Equity-Backed London, United Kingdom
Stripe Venture Capital-Backed South San Francisco, CA
Treasury Prime Venture Capital-Backed San Francisco, CA
Rapyd Financial Network Venture Capital-Backed Takeley, United Kingdom
Plaid Venture Capital-Backed San Francisco, CA
To view Unit’s complete competitors history, request access »

Unit Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Unit Investors (19)

Investor Name Investor Type Holding Investor Since Participating Rounds
Insight Partners (New York) Venture Capital Minority
Karman Ventures Venture Capital Minority
Kearny Jackson Venture Capital Minority
Not Boring Venture Capital Minority
Pathlight Ventures Venture Capital Minority
You’re viewing 5 of 19 investors. Get the full list »

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Unit FAQs

  • When was Unit founded?

    Unit was founded in 2019.

  • Where is Unit headquartered?

    Unit is headquartered in New York, NY.

  • What is the size of Unit?

    Unit has 172 total employees.

  • What industry is Unit in?

    Unit’s primary industry is Financial Software.

  • Is Unit a private or public company?

    Unit is a Private company.

  • What is Unit’s current revenue?

    The current revenue for Unit is .

  • How much funding has Unit raised over time?

    Unit has raised $169M.

  • Who are Unit’s investors?

    Insight Partners (New York), Karman Ventures, Kearny Jackson, Not Boring, and Pathlight Ventures are 5 of 19 investors who have invested in Unit.

  • Who are Unit’s competitors?

    Railsr, Stripe, Treasury Prime, Rapyd Financial Network, and Plaid are some of the 6 competitors of Unit.

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