Banking-as-a-service startup Unit closes on $100M at a $1.2B valuation

Unit, a banking-as-a-service startup, has closed on a $100 million Series C round of funding led by Insight Partners.
Existing backers Accel, Better Tomorrow Ventures, Aleph, and Flourish Ventures also participated in the financing, which values the company at $1.2 billion. The raise follows a $51 million Series B financing that was announced last June, and brings its total equity raised since inception to nearly $170 million.
Founders Itai Damti and Doron Somech started Unit, which has dual headquarters in Tel Aviv and New York City, in late 2019. The pair spent the first year stealthily buil

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