Unit was founded by Itai Damti.

Who are Unit's investors?

Unit's investors include Accel, Aleph, Better Tomorrow Ventures, Operator Stack, TLV Partners, AFG Partners, Kearny Jackson, Pipeline Capital and 1 more.

How much funding has Unit raised?

Unit has disclosed $14.3M raised across 2 rounds.

Where is Unit headquartered?

Unit is headquartered in Tulsa, US.

Unit

Tulsa, US · Delaware corporation · 275 employees on LinkedIn · 10 known investors

Find your way into Unit

269 people in our graph share verified history with the Unit team — schools, employers, funds. One of them is your warm intro.

Drew Burdonunlockedknows Itai Damti · together at The Open University (overlapped)

×4knows the team · via First Round Fast Track

knows the team · via HAX

×3knows the team · via IDF

×3knows the team · via The Open University

Unit provides financial infrastructure and embedded finance technology that lets companies build and offer banking products such as accounts, cards, and payments. It serves fintechs and other businesses embedding financial services, partnering with banks to power these products.

Data & Infrastructure Energy Fintech SaaS

Founders & leadership

Itai Damti inCEOItai Damti is CEO of Unit, a financial infrastructure platform that enables software companies to embed banking products, capital, and payments. He has built infrastructure solutions serving millions of users across major clients including Wix and Bill.com.

G. Leslie AustinSenior Vice President and Chief Financial Officer

David P. DunhamSenior Vice President - Business Development

David T. MerrillPresident, Chief Executive Officer and Director

Robert AndersonNamed on SEC filing

Alan CarrNamed on SEC filing

Steven B. HildebrandNamed on SEC filing

Mark E. SchellNamed on SEC filing

Phil FrohlichNamed on SEC filing

Andrei VeronaNamed on SEC filing

Board

Philip SmithChairman

Investors · 10

Accel✓ verifiedPalo Alto · $1.6M – $70M

AlephTel Aviv · $2.5M – $100M

Better Tomorrow VenturesSan Francisco · $500K – $4M

Operator StackSouth Lake Tahoe

TLV PartnersTel Aviv · $3M – $70M

AFG Partnersreported

Kearny JacksonreportedSan Francisco · $200K – $2M

Pipeline CapitalreportedBurleigh Heads

Selah VenturesreportedNew York · $500K – $10M

Also in the syndicate · 1

J2 Ventureslead

Funding

SEC filings, press & company announcements

$14.3M disclosed across 2 rounds · 2020–2025

$5MSeed FundingSep 2025 · 2 sources
J2 Ventures (lead), Pipeline Capital
Source ↗

▶$9.3MraisedSep 2020 · 8 investors · Oil and Gas

Rule 506(b)

Officers, directors & promoters on the filing

Robert AndersonDirector
Philip SmithDirector
Alan CarrDirector
G. Leslie AustinExecutive Officer
Steven B. HildebrandDirector
Mark E. SchellExecutive Officer
Phil FrohlichDirector
Andrei VeronaDirector
David P. DunhamExecutive Officer
David T. MerrillExecutive Officer, Director

Offering amount: $9.3M
Amount sold: $9.3M
First sale: Sep 2020
Incorporated: Corporation, Delaware
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Founder mafia

2 people who came through Unit went on to found or lead other companies.

Amit KumarBoard MemberFounded Betable Daniel WestEnterprise Sales & GTMFounded Instaswitch

Competitors · 10

by search overlap

Stripe684 shared keywordsStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.

GoCardless492 shared keywordsGoCardless provides bank payment collection and open banking data access services. The platform enables businesses to collect domestic and international payments via bank accounts and securely access customer bank account data across 2,300+ banks in the UK and Europe.

Wise463 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.

Plaid461 shared keywordsPlaid provides financial infrastructure and APIs that enable developers to build financial technology products and services. The platform serves fintech companies, developers, and financial institutions by offering consumer-facing applications and backend tools for financial data connectivity.

Bill.com Holdings, Inc.436 shared keywordsBILL is a unified financial operations platform that automates accounts payable, receivables, and spend management for businesses. The platform processes over $345 billion in annual payment volume and serves nearly 500,000 customers across the US and 130+ countries.

Modern Treasury435 shared keywordsModern Treasury provides a payments infrastructure platform that enables businesses to move and track money across fiat and stablecoin rails through a single API. The company serves enterprises and financial service providers looking to streamline payment operations across multiple currencies, regions, and payment systems.

Chase385 shared keywordsA wealth management and investing service (J.P. Morgan Wealth Management via Chase) offering self-directed brokerage accounts with commission-free online trades as well as one-on-one advisor services, financial planning tools, and retirement accounts. It serves individual retail investors ranging from beginners to experienced investors in the United States.

Ramp384 shared keywordsRamp offers a finance platform that combines corporate cards, expense management, and AI-driven automation for receipt capture, transaction coding, and reimbursements. It serves finance teams and businesses looking to consolidate spending tools and automate accounting workflows.

Intuit®348 shared keywordsIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.

Capital One313 shared keywordsCapital One is a financial services company that offers credit cards, checking and savings accounts, auto financing, and business banking products to consumers and small businesses. The company provides digital banking tools, rewards programs, and credit monitoring services.

Companies competing with Unit for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Unit 221B Raises $5M in Seed Funding To Convert Threat Intelligence into Real World Arrestsprnewswire.com · Sep 2025

Unit 221B Raises $5M in Seed Fundingfinsmes.com · Sep 2025

Frequently asked questions

What does Unit do?: Unit provides financial infrastructure and embedded finance technology that lets companies build and offer banking products such as accounts, cards, and payments. It serves fintechs and other businesses embedding financial services, partnering with banks to power these products.
Who founded Unit?: Unit was founded by Itai Damti.
Who are Unit's investors?: Unit's investors include Accel, Aleph, Better Tomorrow Ventures, Operator Stack, TLV Partners, AFG Partners, Kearny Jackson, Pipeline Capital and 1 more.
How much funding has Unit raised?: Unit has disclosed $14.3M raised across 2 rounds.
Where is Unit headquartered?: Unit is headquartered in Tulsa, US.