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MerchantFi

company

About

MerchantFi is a Fintech Startup For Institutional Clients that partners with FDIC-insured banks to offer our products and services.

Highlights

Total Funding Amount
$11M
Funding Rounds
1
Investors
1

Details

Last Funding Type
Private Equity（PE）
Last Funding Money Raised
$11M
Industries
FinTech
Founded date
Apr 16, 2019
Operating Status
Active

MerchantFi is a simple and fast digital business bank account. We help builders and makers manage their money by making banking effortless.
Opening a MerchantFi account is easy—it takes under 3 minutes to open a FDIC-insured business checking account and get access to mobile ACH, check deposits, and 300,000 fee-free ATMs nationwide.
With the capabilities of a full bank in your hands, MerchantFi’s banking experience allows you to save time and money. We automate the time-consuming tasks required for you to close your books at the end of each month.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$11M
MerchantFi has raised a total of $11M in funding over 2 rounds. Their latest funding was raised on Oct 5, 2019 from a Private Equity（PE） round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 5, 2019 Private Equity（PE） $11M 1 — — Detail

Investors

Number of Lead Investors
Number of Investors
—
1
MerchantFi is funded by 1 investors. Financiere De Champlain are the most recent investors.
Investor Name Lead Investor Funding Round
Financiere De Champlain — Private Equity（PE）
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