# Bond

> Bond Financial Technologies built API infrastructure that let software companies offer accounts, cards, payments and credit without assembling a bank, processor and compliance stack from scratch. Founded in San Francisco in 2019, the company raised $42 million, launched products spanning money movement and credit building, and was acquired by FIS in June 2023. Its technology and team became a foundation for Atelio by FIS, which now sells the same broad proposition to banks, businesses and software developers.

- **Founded:** 2019
- **Headquarters:** San Francisco, United States
- **Founders:** Roy Andrew Ng (Co-founder and CEO), Yan Wu (Co-founder and COO), Matthew Bradley (Co-founder)
- **Products:** Bond Banking, Bond Pay, Bond Issuing, Bond Embedded Credit, Credit Builder Card
- **Notable:** Raised $42 million across seed and Series A rounds within roughly a year of founding., Expanded from accounts, payments and issuing into embedded credit in 2021., TeamUp reported bank approvals 36% faster than typical providers and 100% adoption among eligible players and coaches.

## Products & services

- **Bond Banking** — APIs for embedded deposit accounts, balances and account activity.
- **Bond Pay** — Money-movement infrastructure for funding, transfers and payments.
- **Bond Issuing** — Card-issuing capabilities for consumer and commercial programs.
- **Bond Embedded Credit** — A single integration covering credit product building blocks including underwriting, risk management, servicing and compliance.
- **Credit Builder Card** — A secured card program powered by Mastercard and issued by Evolve Bank & Trust, designed to help consumers establish credit history.
- **Atelio by FIS** — The post-acquisition platform for embedded accounts, cards, money movement, lending, fraud controls and program management.

## Achievements

- Raised $42 million across seed and Series A rounds within roughly a year of founding.
- Expanded from accounts, payments and issuing into embedded credit in 2021.
- TeamUp reported bank approvals 36% faster than typical providers and 100% adoption among eligible players and coaches.
- Launched a secured Credit Builder Card with Evolve Bank & Trust and Mastercard in 2022.
- Acquired by FIS in June 2023, with roughly 30 employees joining the buyer.
- Bond's capabilities became part of Atelio by FIS, launched publicly with KeyBank, College Ave and RoyalPay in 2024.

## Latest updates

- **2022-08** — Bond launched its Credit Builder Card with Evolve Bank & Trust and Mastercard.
- **2023-06** — FIS acquired Bond; the price was not disclosed, and reports said about 30 employees moved into FIS.
- **2024-05** — FIS launched Atelio, building on embedded-finance capabilities and naming KeyBank, College Ave and RoyalPay as initial clients.
- **2026-09** — Bond's site identifies the company as part of Atelio by FIS, while its former product documentation remains publicly accessible.

## Links

- Website: https://www.atelio.com
- LinkedIn: https://www.linkedin.com/company/bondfintech

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Profile page: https://yespress.io/bond
Published by YesPress — https://yespress.io
Last updated: 2026-09-28