Onyx Private offers digital private-banking and investment services aimed at affluent professionals. In partnership with Piermont Bank it provides checking accounts, a debit card, cash back on payments, and investment portfolios built from high-yield, fixed-income products such as cash-sweep accounts and U.S. treasury bills with $100 minimums and low fees. Investment services are administered by Helium Advisors and brokerage is handled through Pershing, a clearing house owned by BNY Mellon. The company also offers a lifestyle concierge via a digital personal assistant and runs an application process with a free plan and a premium plan priced at $50 per month (or $40 per month if paid in one payment). Launched in 2022 by Victor Santos, Douglas Lopes and Tiago Passinato, Onyx has grown roughly 30% month-over-month since launch and is processing over $4 million in monthly transaction payment value, nearing $5 million with a goal to 5x that volume by year-end. The founders plan to use new capital to add product lines, unveil an in-app human financial advisor within the next year, and ramp marketing.

Total raised

$4M

Funding rounds

1

Latest round

Equity

Latest activity

May 2023