Software

Unit raises $51M in funding round

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June 25, 2021

Unit, a banking-as-a-service startup, has raised $51 million as part of a funding round led by Accel. Unit will use the funding to expand its team, accelerate growth and fast-track its product offerings, according to a press release.

In addition, Unit is also launching Unit Go, a solution to let companies create live bank accounts and issue physical and virtual cards.

"In just a few years the fintech landscape has radically expanded, with thousands of tech companies launching native fintech products in their verticals," Amit Kumar, partner at Accel, said in the release. "Unit's standout technology solution and strong emphasis on compliance is resonating with clients, and will power the next generation of fintech services. We're excited to partner with the team as the market continues to accelerate."