Deposits banks $5M for its plug-and-play approach to financial product creation

More companies are adding payments and other financial features to their offerings; however, this often requires technical expertise that some don’t have.
Enter Deposits, a Dallas-based finance startup offering a cloud-based, plug-and-play feature to simplify the implementation of digital banking tools for companies like credit unions, community banks, insurers, retailers and brands.
Co-founder and CEO Joseph Akintolayo started the company with Daniel Paramo in 2019 after years of working with banks and listening to people describe how they want their money to work.
“They are often describing

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