Knot provides an API that lets card issuers instantly update card-on-file information at nearly any merchant with minimal code, simplifying onboarding for consumers and boosting issuer revenue and retention. The platform automates switching saved payment methods when users request it, aiming to increase user spend and reduce churn. Knot plans to scale its services and accelerate expansion of merchant support to widen coverage. The company is also developing additional products, including the Knot Subscription Canceller and an Account Creator, to deepen integration into customers' digital lives. Rory O’Reilly leads the company as CEO and the business is based in New York City.

Total raised

$10M

Funding rounds

1

Latest round

Series A

Latest activity

Aug 2023