# Basis Theory

> Basis Theory is a payments infrastructure company that gives merchants a cloud-native, PCI Level 1-compliant vault to tokenize, route, and control sensitive payment data across any payment service provider - without vendor lock-in. Founded in 2020 by fintech veterans from Dwolla, Yodlee, and Klarna, the company has raised roughly $50 million and now positions its vault as the foundation for AI-driven, agentic commerce.

- **Founded:** 2020
- **Headquarters:** Mill Valley, California, United States
- **Founders:** Colin Luce (Co-Founder and CEO), Brian Billingsley (Co-Founder), Ben Milne (Co-Founder)
- **Team size:** 57
- **Products:** Payment Vault, Developer API & SDKs, Payment Routing, Smart Retries & Account Updater, Agentic Commerce Infrastructure
- **Notable:** Raised $33M Series B in October 2025 led by Costanoa Ventures, Total funding to date of roughly $50 million, PCI Level 1, SOC 2 Type II, ISO 27001, and HIPAA-aligned compliance

## Products & services

- **Payment Vault** — Cloud-native, PCI Level 1-compliant vault for tokenizing and storing sensitive payment data.
- **Developer API & SDKs** — APIs and web elements that let engineering teams tokenize, collect, and route payment data without touching raw card numbers.
- **Payment Routing** — Routes tokenized payment data to any payment service provider, enabling multi-PSP strategies and backup routing.
- **Smart Retries & Account Updater** — Automated retry logic and card-on-file updates aimed at reducing subscription churn and failed payments.
- **Agentic Commerce Infrastructure** — Vault and control layer designed to let AI agents authorize and initiate transactions securely on a merchant's behalf.

## Achievements

- Raised $33M Series B in October 2025 led by Costanoa Ventures
- Total funding to date of roughly $50 million
- PCI Level 1, SOC 2 Type II, ISO 27001, and HIPAA-aligned compliance
- Customers report up to 90-95% reduction in PCI compliance time and effort
- Leads the Agentic Commerce Consortium, a 20+ company standards initiative

## Latest updates

- **2025-10** — Announced $33M Series B led by Costanoa Ventures to build infrastructure for agentic commerce and expand its merchant payment vault.

## Links

- Website: https://basistheory.com
- LinkedIn: http://www.linkedin.com/company/basis-theory
- Twitter/X: https://twitter.com/basistheory
- GitHub: https://github.com/Basis-Theory

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Profile page: https://yespress.io/basis-theory
Published by YesPress — https://yespress.io
Last updated: 2026-07-13