money-movement
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The Quiet Company Behind the Card in Your Wallet
Most people will never see i2c's name at checkout. Yet its configurable software helps banks and fintechs decide how cards behave, how money moves and what happens when a transaction looks wrong.
Finmo
Finmo is a Singapore-based fintech building a Treasury Operating System (TOS) - a single, API-driven platform that unifies global payments, multi-currency accounts, cash visibility and forecasting, FX risk management, and working-capital optimisation for finance teams. Founded in 2021 and led by CEO David Hanna, the company holds payment licenses across multiple markets and raised an oversubscribed US$18.5 million Series A in February 2025, bringing total funding to roughly US$27 million.
NymCard
NymCard is an Abu Dhabi-based embedded finance and payments infrastructure company that lets banks, fintechs, telecoms and enterprises launch and run card programs, lending and money-movement products through a single API-first platform called nCore. Founded in 2018 by Omar Onsi, it owns its issuing and switching technology rather than licensing it, is licensed by the Central Bank of the UAE, and is a certified partner of Visa and Mastercard across the Middle East, North Africa and Pakistan.
Check
Check is a New York-based fintech that provides embedded payroll infrastructure, letting software platforms build and sell their own payroll product through a single API. It handles the hard parts - tax calculation, money movement, tax filing, and multi-state compliance - so vertical SaaS, HR, and workforce-management companies can offer payroll without becoming payroll experts. Backed by Stripe, Thrive, Bedrock and Index, Check powers payroll for platforms like Wave, Homebase, Housecall Pro and 7shifts.
Formance
Formance is an open-source financial infrastructure company that gives developers a programmable core ledger and a connectivity layer for moving money across banks, payment processors, and wallets. Its stack - Ledger, Connectivity, Flows, and Reconciliation - lets fintechs and platforms track every asset movement with double-entry precision, orchestrate payments across providers, and automatically reconcile internal records against external statements. Founded in 2021 and backed by PayPal Ventures and Portage, Formance positions itself as building-block infrastructure for the 'financial internet' rather than a payment processor that touches customer funds.
Natural
Natural is a San Francisco fintech building payment infrastructure for AI agents. Its platform - wallets, payments, ledgering, routing, identity, and compliance - lets autonomous agents initiate, authorize, and execute money movement on behalf of businesses and consumers. Founded in August 2025 by Kahlil Lalji, Eric Wang, and Walt Leung, the company came out of stealth with a $9.8M seed round and followed with a $30M Series A at a reported $150M valuation.
Atomic Insights
Atomic Insights is a San Diego-based wealthtech company building a centralized treasury and money-movement platform for registered investment advisors (RIAs) and family offices. Its software captures payment requests, orchestrates approvals, and executes wire and ACH transfers end-to-end through real-time custodian and bank APIs, replacing the manual, error-prone workflows that wealth managers have long stitched together by hand. Founded in 2023 and led by co-founder and CEO Lucas Babbitt, the company raised a $10 million seed round in January 2026 led by Aquiline Capital Partners, with participation from Northwestern Mutual Future Ventures.
Increase
Increase is a banking infrastructure company that gives technology companies a programmatic way to store, move, and reconcile money. Through a single set of APIs it exposes the core U.S. payment rails - ACH, wires, real-time payments, FedNow, checks, and cards - with direct network connections and transparent access to the underlying data. Founded in 2020 by Stripe's first employee Darragh Buckley and based in Bend, Oregon, Increase is self-funded, became profitable in 2025, and processes hundreds of billions of dollars in payments each year for fintechs like Ramp, Check, and Pipe.
Sphere Labs
Sphere Labs is a Boston- and Delaware-based fintech building the payments infrastructure for the stablecoin economy. Founded in 2022 by Arnold Lee and Luigi Charles, the company runs two products: SpherePay, a B2B cross-border payments API that moves money using a 'stablecoin sandwich' - converting local currency into a stablecoin, routing it across borders, then settling into the destination currency in 15-30 minutes; and SphereNet, a 'sovereign-grade' settlement ledger built on the Solana Virtual Machine for regulated financial institutions. Often described as a 'Stripe for crypto,' Sphere pairs developer-friendly APIs and SDKs with embedded compliance to help fintechs, institutions and businesses in emerging markets move value fast, transparently and legally. It raised a $5M strategic round in December 2024 led by Coinbase Ventures and Kraken Ventures.
Interchecks
Interchecks is a New York-based payments infrastructure company that moves money fast and safely for high-volume businesses. Through a single API and a no-code Payer Portal, it powers both funding (pay-by-bank deposits, account funding) and payouts (push-to-card, real-time payments, ACH, PayPal, Venmo, and checks), layered with built-in risk controls and 1099 tax compliance. Its platform is used across online gaming, prediction markets, on-demand payroll, and digital banking, and the company says it has processed more than $50B in transactions.
Functional Finance
Functional Finance is a San Francisco-based insurtech building the financial operations (FinOps) platform for the insurance industry. Its API-driven software automates billing, invoicing, premium collection, premium finance, payables, commissions, treasury and reconciliation for managing general agents (MGAs), wholesalers and carriers - replacing spreadsheets and manual data entry with near real-time, policy-aware money movement. Founded in 2021 by CoverWallet alumni, the company raised a $20M Series A in 2024 on the back of a 2,500% year-over-year jump in premium payment volume.
Fun
Fun (fun.xyz) is a payments infrastructure company that moves money on and off blockchains for modern fintech apps. Its rails power deposits, withdrawals, orchestration, and checkout for platforms like Polymarket, Aave, and Lighter - processing more than $18 billion a year. Founded in 2022 by Stanford dropout Alex Fine, the company raised a $72 million Series A in early 2026 led by Multicoin Capital and SignalFire, aiming to be 'the front door' to the new digital economy.
Lithic
Lithic is a New York-based fintech that gives developers programmable card issuing and money-movement infrastructure. Born out of consumer brand Privacy.com, the company builds the API rails that let other companies create, manage and process virtual and physical payment cards with minimal code. Today it powers debit, credit and prepaid card programs for fintechs like Mercury and Coinstar, processing more than $1 billion in annual volume.
Modern Treasury
Modern Treasury is a San Francisco software company that builds payment operations infrastructure for businesses moving money at scale. Its API-first platform connects directly to banks and unifies ACH, wire, RTP, FedNow, and stablecoin rails behind one developer-friendly interface, with a real-time ledger and automated reconciliation built in. Founded in 2018 by three engineers who lived through the pain firsthand at a mortgage marketplace, the company has powered hundreds of billions of dollars in payments for customers like Gusto, Marqeta, Navan, ClassPass, and Procore.