Unit exits stealth mode
Israeli Fintech startup Unit emerges from stealth mode announcing both Seed and Series A funding rounds, totaling $18.6 million. The startup, which develops a financial services platform for enterprises, had both investments led by TLV Partners ($3.6 million Seed round) and Aleph ($15 million Series A). The rounds also saw participation from Better Tomorrow Ventures, Flourish Ventures, OperatorVC, and 30 Angels from the Fintech sphere.
Implement financial tools at core
Unit develops a platform that helps organizations create financial features in their existing products. For example linking bank accounts, payments, loans, and more. Unit claims that by utilizing its service, clients can provide their users custom financial services integrated into their core technologies.
The system is implemented into the organizational infrastructure, and it takes care of the tedious and complicated negotiation process with banks, as well as helping meet bureaucratic regulations. The company was founded by CEO Itai Damti and CTO Doron Somech, who previously founded Leverate in 2008. Unit’s system is currently available in the U.S., with the new…
