Deals
Insight Bet Values Banking Software Startup Unit at $1.2 Billion
- New York-based firm’s deposit volume, customer base surging
- Insight’s Sachdev says fintech seeing ‘rapid acceleration’
This article is for subscribers only.
Insight Partners led a $100 million equity funding round that values financial-technology startup Unit at $1.2 billion, almost quintuple the $255 million it last commanded.
New York-based Unit, which makes software that allows companies to offer banking products such as payments, lending and credit cards, is at the “epicenter” of disruption, co-founder and Chief Executive Officer Itai Damti said in an interview.