Unit Raises $51M in Series B Funding
- Unit, Israel and NYC-based banking-as-a-service startup that empowers companies to embed financial services into their products, raised $51m in Series B funding
- The round was led by Accel with participation from existing investors Better Tomorrow Ventures, Aleph, Flourish Ventures, and TLV Partners
- The company intends to use the funds to expand the team, accelerate growth
- The company is a banking-as-a-service platform that empowers companies to embed financial services into their product
- Its platform accelerates time to market and enables companies to build and launch bank accounts, cards, payment, and lending products
- The company is also announcing the launch of Unit Go, a solution that will allow companies to create live bank accounts and issue physical and virtual cards in minutes
