When was Unit founded?

Unit was founded in 2019 and became a unicorn in 2022, reaching the milestone in 3 years. It raised its 1st funding round 1 year after its incorporation.

Where is Unit located?

Unit is headquartered in Tel Aviv, Israel. It is registered at Rīga, Krūzes iela 3.

Who is the current CEO of Unit?

Itai Damti of Unit. They have also founded 1 company and are angel investors in 3 startups.

How many employees does Unit have?

As of Apr 30, 2026, the latest employee count at Unit is 270.

Is Unit a funded company?

Unit is a funded company, having raised a total of $170M across 4 funding rounds to date. The company's 1st funding round was a $3.6M Seed round, raised on Dec 2020.

How much is Unit worth?

The latest valuation of Unit is $1.2B as of May 17, 2022.

When was the latest funding round of Unit?

Unit's latest funding was a $100M Series C round on May 17, 2022, with participation from 6 investors. Its primary sector is Banking Tech. In Israel, the Banking Tech sector has seen $13.5M in funding in 2026 to date.

Is Unit a Banking Tech company?

The primary sector of Unit is Banking Tech.

Where does Unit rank among its competitors?

Unit ranks 73rd amongst 545 active competitors, of which 159 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was TrueLayer, which secured an undisclosed amount in Feb, 2026.

Who are the top competitors of Unit?

Unit's top competitors include Razorpay, Cross River Bank and Tink. Among them, TrueLayer secured the most recent funding round in February, 2026.

Unit - 2026 Company Profile, Team, Funding & Competitors

Unit is a series C company based in Tel Aviv (Israel), founded in 2019 by Doron Somech and Itai Damti. It operates as an Open banking API solution. Unit has raised $170M in funding from investors like Accel, Aleph Capital Partners and TLV Partners, with a current valuation of $1.2B. The company has 545 active competitors, including 159 funded and 62 that have exited. Its top competitors include companies like Razorpay, Cross River Bank and Tink.

Sectors and market segments that Unit operate in

Unit serves in the FinTech market segments.The primary business model of Unit is:

FinTech > Banking Tech > ***** **** > ***** ******

Company Details

Open banking API solution. It enables banks and financial institutions to provides banking services to the end customers. It facilitates API-based multiple white-labeled services including savings and checking accounts, debit cards, online payments, cash advance loans, and more.

Website: www.unit.co/
Social
Registered Address: Rīga, Krūzes iela 3

Key Metrics

Founded Year

2019

Location

Tel Aviv, Israel

Stage

Series C

Total Funding

$170M in 4 rounds

Latest Funding Round

Series C, May 17, 2022, $100M

Post Money Valuation

$1.2B as on May 17, 2022

Investors

Accel & 19 more

Ranked

73^rd among 545 active competitors

Employee Count

270 as on Apr 30, 2026

Similar Companies

Razorpay & 488 more

View Unit's full profile

Unit is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Unit CIN: 40103185214 , Latvia, Active	Aug 11, 2008	$138K (As on Dec 31, 2024)	3 (As on Dec 31, 2023)	-

Unit has raised a total funding of $170M over 4 rounds. Its first funding round was on Dec 2020. Its latest funding round was a Series C round on May 17, 2022 for $100M. 6 investors participated in its latest round. Unit has 19 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Unit:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 17, 2022	$100M	Series C	$1.2B	9779.6x	Jeff Horing	Accel, Better Tomorrow Ventures, Flourish, StepStone, Karman
Jun 17, 2021	$51M	Series B	$1.2B	8892.2x	Accel	Aleph Capital Partners, Flourish, TLV Partners, Better Tomorrow Ventures, Btomorrow Ventures
Dec 08, 2020	$15M	Series A	-	-	Aleph Capital Partners	Flourish, TLV Partners, Operator Partners, Btomorrow Ventures

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View details of Unit's funding rounds and investors

The founders of Unit are Doron Somech and Itai Damti. Itai Damti is the CEO of Unit.

Here are the details of Unit's key team members:

Doron Somech: Co-Founder & Cto of Unit and founder of 1 other company. They are also an angel investor in 1 startup.
Itai Damti: Co-Founder & CEO of Unit. They are also an angel investor in 3 startups.

View details of Unit's Founder profiles and Board Members

Unit's employee count trend

Unit has 270 employees as of Apr 26. Here is Unit's employee count trend over the years:

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Top competitors of Unit include Razorpay, Cross River Bank and Tink. Here is the list of Top 10 competitors of Unit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Razorpay 2014, Bengaluru (India), Series F	Provider of payment and business banking solutions for enterprises	$742M	Peak XV Partners, GIC & 35 others	86/100
2nd	Cross River Bank 2008, Fort Lee (United States), Series D	Provider of an open banking API solutions for financial institutions	$898M	Shefa Capital, Eldridge Industries & 17 others	79/100
3rd	Tink 2012, Stockholm (Sweden), Acquired	Provider of open banking platform offering payment services and data enrichment	$359M	Sunstone, Creades & 22 others	77/100
4th	TrueLayer 2016, London (United Kingdom), Series E	Provider of open banking platform facilitating payments and data solutions	$322M	Northzone, Temasek & 25 others	77/100
5th	Pine Labs 1998, Noida (India), Public	Provider of in-store and online payment, prepaid, and financial solutions	$954M	Peak XV Partners, Actis & 187 others	76/100
6th	M2P Fintech 2014, Chennai (India), Series D	Provider of APIs enabling banking, lending, and payment financial services	$188M	8i Ventures, Beenext & 63 others	74/100
7th	Galileo 2000, Sandy (United States), Acquired	Provider of cloud-based platform for financial technology and digital banking	$85M	Mercato Partners, Accel & 3 others	72/100
8th	Solaris 2016, Berlin (Germany), Acquired	Provider of banking-as-a-service platform offering digital banking and payment solutions	$736M	FinLeap, SBI Investment & 24 others	72/100
9th	Bud 2015, London (United Kingdom), Series B	Developer of open banking API and financial data analysis for businesses	$103M	Goldman Sachs, HSBC & 41 others	71/100
10th	Trustly 2008, San Carlos (United States), Acquired	Open banking-enabled payment processing solution for businesses	$28.7M	BlackRock, Neuberger Berman & 7 others	71/100
73rd	Unit 2019, Tel Aviv (Israel), Series C	Open banking API solution	$170M	TLV Partners, Insight Partners & 18 others	53/100