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Unit

Tulsa, US · Delaware corporation · 275 employees on LinkedIn · 14 known investors

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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 & InfrastructureEnergyFintechSaaS

Founders & leadership

IDItai Damti
Itai DamtiFounderItai 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.
GL
G. Leslie AustinSenior Vice President and Chief Financial Officer
DP
David P. DunhamSenior Vice President - Business Development
DT
David T. MerrillPresident, Chief Executive Officer and Director
RA
Robert AndersonNamed on SEC filing
AC
Alan CarrNamed on SEC filing
SB
Steven B. HildebrandNamed on SEC filing
ME
Mark E. SchellNamed on SEC filing
PF
Phil FrohlichNamed on SEC filing
AV
Andrei VeronaNamed on SEC filing
DS
Doron SomechFounder
JE
James Earl WhiteFounder

Investors · 14

Alephlisted by AlephTel Aviv

How we know: Aleph's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

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

How we know: Better Tomorrow Ventures's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Insight Partnerslisted by Insight PartnersNew York · $120M – $350M

How we know: Insight Partners's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

Operator Stacklisted by Operator StackSouth Lake Tahoe
Stonewater Ventureslisted by Stonewater Ventures

How we know: Stonewater Ventures's portfolio page · Not right? Tell us

TLV Partnerslisted by TLV PartnersTel Aviv · $2M – $8M

How we know: TLV Partners's portfolio page · the VCSheet dataset · Not right? Tell us

AFG Partnersreported

How we know: the VCSheet dataset · Not right? Tell us

Bloomberg BetareportedSan Francisco · $25K – $1M

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Flourish VenturesreportedSan Francisco · $100K – $5M

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

J2 VenturesreportedBoston

How we know: prnewswire.com · Not right? Tell us

Kearny JacksonreportedSan Francisco · $200K – $2M

How we know: the VCSheet dataset · Not right? Tell us

Pipeline CapitalreportedBurleigh Heads

How we know: prnewswire.com · Not right? Tell us

Selah VenturesreportedNew York · $500K – $10M

How we know: the VCSheet dataset · Not right? Tell us

Funding

SEC filings, press & company announcements

$14.3M disclosed across 2 rounds · 2020–2025

▶$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

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

Rona SegevBoard MemberFounded TlvItai DamtiFounderFounded LeverateAmit KumarBoard MemberFounded BetableDaniel WestEnterprise Sales & GTMFounded Instaswitch

Related companies · 10

StripeStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
GoCardlessGoCardless 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.
WiseWise 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.
PlaidPlaid 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.BILL 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 TreasuryModern 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.
SoFiSoFi Technologies is a digital personal-finance company offering student and personal loans, mortgages, investing, banking and credit cards through one app; it went public on the Nasdaq in 2021 via SPAC.
ChaseA 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.
RampRamp 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.
IntuitIntuit 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.

Companies working in the same space as Unit.

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, Insight Partners, Operator Stack, Stonewater Ventures, TLV Partners, AFG Partners and 6 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.