Deposits
A cloud based fintech platform that offers banks and brands an easy to use, turnkey solution for engagement, modernization, and best-in-class financial experiences such as payments, mobile apps, and lending.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $5.0m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Deposits.com is a cutting-edge financial technology company that aims to revolutionize the way businesses and individuals interact with money. Known as "The Financial Experience Company," Deposits.com provides a comprehensive platform that enables brands, banks, and financial institutions to embed advanced financial services into their offerings. This helps accelerate financial innovation and promotes financial inclusion, making money management more accessible and enjoyable.
The company serves a diverse range of clients, including financial institutions (FIs), employers, and fintech companies. These clients benefit from Deposits.com's state-of-the-art solutions that simplify banking and payment processes. The market it operates in is the rapidly growing financial technology (fintech) sector, which focuses on improving and automating the delivery and use of financial services.
Deposits.com's business model revolves around offering a suite of products and services designed to enhance the financial experience. These include:
1. **Banking**: Modern business banking solutions tailored for the 21st century.
2. **Benefits Administration**: Automated payment systems for managing employee benefits.
3. **Employee Banking**: Banking services designed to delight employees and improve their financial well-being.
4. **Payments**: Solutions for seamless and secure transactions.
5. **Virtual Cards**: Digital card services for easy and secure payments.
6. **API System Integration**: Tools for integrating various financial services into existing systems.
7. **Onboarding and KYC (Know Your Customer)**: Streamlined processes for customer verification and onboarding.
8. **Data Capture and Origination**: Efficient data management solutions.
Deposits.com makes money by charging fees for the use of its platform and services. This includes subscription fees for access to its banking and payment solutions, transaction fees for processing payments, and integration fees for API and system integration services.
In summary, Deposits.com is dedicated to making money management smarter and more inclusive, providing innovative financial solutions that cater to the needs of modern businesses and their customers.
**Keywords**: Fintech, Banking, Payments, API Integration, Virtual Cards, Employee Benefits, Financial Inclusion, Data Management, KYC, Financial Innovation.