Bond raises $10m to connect banks with digital brands
Bond Financial Technologies, a US startup connecting digital brands to banking partners, has raised $10 million in a seed round led by Canaan.
Bond is building a fintech platform designed to act as a growth engine for “digital brands” that want to provide access to capital to their customers, and banking partners that want to grow by providing the underlying financial services.
The machine learning-powered platform does this by streamlining the integration between brands and banks, reducing friction and creating a more repeatable model.
The startup is the brainchild of three seasoned industry executives who have worked at BlackRock, Goldman Sachs, SAP, SoFi, and Twilio.
“Until now, the friction between brands and banks has stifled the pace of financial innovation and access to capital,” says Roy Ng, CEO, Bond. “Bond enables banks of all sizes to more effectively compete for and partner with technology innovators, ultimately improving access to capital for everyday consumers and businesses.”