Participated · Series A · Oct 2021

Productfy is a banking-as-a-service platform built to operate with multiple banking partners and to create a decentralized-style infrastructure for traditional finance. Its product lets developers configure in hours, integrate in days, and go from idea to full-stack deployment in as little as three weeks, while also offering white-label user interfaces for non-technical brands. The company partners with providers including Equifax, Marqeta, Arroweye, Envestnet | Yodlee and Stearns Bank to enable money movement, digital banking and card issuance via embeddable APIs, widgets and pre-approved customer interfaces. Since July the startup has seen 119% month-over-month revenue growth and currently serves eight clients, including HatchCard. Productfy plans to further scale its offerings, expand compliance-as-a-service capabilities, improve its core data and card issuance products, build new integrations and partnerships, and launch its first cohort of customers. In the fourth quarter it plans to launch a Card-Issuance-as-a-Service solution called “Latinum” and a white-label “fintech in a box” that will let brands go live with banking products in days without engineering or compliance teams.