About Banking Tech sector in Los Angeles, United States
The Banking Tech sector in Los Angeles, United States comprises 73 companies, including 27 funded companies having collectively raised $2.72B in venture capital money and private equity. Out of these, 13 are Series A+ funded, and 1 has achieved unicorn status.
Banking Tech sector in Los Angeles, United States has seen 1 acquisition and 1 IPO.
This sector includes companies which provide Tech solutions primarily for banking industry including software, innovative hardware, and Tech-enabled services.
Banking Tech sector is also known as Bank Tech or BankTech.
Companies providing software solutions, innovative hardware solutions or tech-enabled services to banking institutions. Also, includes internet-first banks. Traditional banks, service providers to banks and traditional bank equipment providers are excluded.
Top Banking Tech Companies in Los Angeles, United States
There are 73 Banking Tech startups in Los Angeles, United States which include Aspiration, Albert, Dave, Zest AI, Maza. Out of these, 27 startups are funded, with 13 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 4 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Harvard University, Columbia University and Harvard Business School.
Here is the list of top Banking Tech startups in Los Angeles, United States
1. Aspiration
Digital sustainable bank for consumers. It offers various banking services including money transfers, balance inquiries, cash withdrawals, loans, bill payments, debit cards, and more. It also provides tools for personal finance and expense management. It facilitates fraud prevention and chargeback management.
Key facts about Aspiration
- Founded Year: 2013
- Location: Los Angeles (United States)
- Stage: Series D
- Total Funding till date: $865M
- Investors: Oaktree Capital Management, Renren and 33 Others
- Latest Funding Round: Series D, Dec 15, 2021, $*****
- Tracxn Score: 83/100 What is this?
- Competitors Rank: 1 of 1 Competitors
2. Albert
Internet First Bank. It provides a banking app that combines banking, savings, investing, and budgeting. It also provides a 1-on-1 finance expert for advice 7 days a week. Users sync the financial accounts on the platform and it analyzes the income and expenses of the user daily and creates a budget for the user. Based on the user's budget, it automatically adds an amount to the savings account.
Key facts about Albert
- Founded Year: 2015
- Location: Los Angeles (United States)
- Stage: Series C
- Total Funding till date: $179M
- Investors: 500 Global, Financial Solutions Lab and 18 Others
- Latest Funding Round: Series C, Jan 26, 2021, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 5 of 801 Competitors
3. Dave
Digital bank for individuals. Its services include deposit accounts, debit cards for online/offline purchases, money transfers, bill payments, cash withdrawals, and more. It also provides tools for budget and finance management. The application is available on iOS and Android devices.
Key facts about Dave
- Founded Year: 2016
- Location: Los Angeles (United States)
- Stage: Public
- Total Funding till date: $63.6M
- Investors: Norwest Venture Partners, S32 and 18 Others
- Latest Funding Round: Post IPO, Mar 22, 2022, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 7 of 801 Competitors
4. Zest AI
Provider of AI-enabled credit risk assessment platform. It provides users with a loan life cycle management suite for banks and financial institutions. Its services include data processing, automated documentation and compliance validation, deployment and integration, and more. It identifies borrowers' and lenders' credit risk through assessments and automated decisions.
Key facts about Zest AI
- Location: Los Angeles (United States)
- Stage: Series D
- Total Funding till date: $319M
- Investors: Insight Partners, Matrix and 25 Others
- Latest Funding Round: Series D, Dec 13, 2024, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 4 of 445 Competitors
5. Maza
Provider of a digital bank for individuals. The platform offers services such as savings accounts, NFC-enabled prepaid cards for online or offline purchases, bill payments, money transfers, and more. It also features insured deposits, returns on savings, cross-border transactions, earnings on referrals, and more. The application is available on both iOS and Android platforms.
Key facts about Maza
- Founded Year: 2021
- Location: Los Angeles (United States)
- Stage: Acquired
- Total Funding till date: $23M
- Investors: Wellington, a16z and 10 Others
- Latest Funding Round: Series A, 2024, $*****
- Tracxn Score: 63/100 What is this?
- Competitors Rank: 1 of 4 Competitors
Companies founded year-on-year in the Banking Tech sector in Los Angeles
10 Banking Tech startups in Los Angeles were founded in 2024 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 1 |
2024 | 10 |
2023 | 7 |
2022 | 3 |
2021 | 8 |
2020 | 7 |
2019 | 2 |
2018 | 4 |
2017 | 3 |
2016 | 3 |
Stage-wise distribution of Banking Tech sector companies in Los Angeles
Out of the total 73 Banking Tech companies in Los Angeles, 27 have secured funding. Among them, 13 have reached Series A or higher, and 8 to Series B or beyond.
Founded - 73
Funded - 27
Series A+ - 13
Series B+ - 8
Series C+ - 6
Company Stage | No. of companies |
|---|---|
Founded | 73 |
Funded | 27 |
Series A+ | 13 |
Series B+ | 8 |
Series C+ | 6 |
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Funding Trends in the Banking Tech sector in Los Angeles
Total funding year-on-year in the Banking Tech sector in Los Angeles
The Banking Tech sector in Los Angeles saw a total funding of more than $2.4B in the last 10 years. The most amount of funding was in 2021 at more than $926M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $46.4M |
2024 | $235M |
2023 | $62.3M |
2022 | $596M |
2021 | $926M |
2020 | $233M |
2019 | $176M |
2018 | $45M |
2017 | $69.1M |
Recent Funding Rounds in Banking Tech in Los Angeles
In the year 2025, till November 2025, Banking Tech companies in Los Angeles have raised $82.4M in equity funding across 5 rounds.
In the same period last year (i.e. till June 2024), Banking Tech companies in Los Angeles had raised $38.5M across 4 rounds.
So, 2025 has seen a 114.07% rise in funding in Banking Tech companies in Los Angeles as compared to 2024.
Here are some recent, important funding rounds in Banking Tech companies in Los Angeles:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series D | 6089 | Nov 04, 2025 | ||
Series B | 3380 | Jun 17, 2025 | and 3 more | |
Series B | 6246 | Apr 07, 2025 | - | |
Series A | 9374 | Feb 28, 2025 | and 2 more | |
Series A | 8364 | Jan 21, 2025 | - |
Top Investors in Banking Tech in Los Angeles
Plug and Play Tech Center is the top investor in Banking Tech companies in Los Angeles based on number of companies invested.
Here are some top investors in Banking Tech companies in Los Angeles:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | - | |
Los Angeles (United States) | - | |
New York City (United States) | - | |
New York City (United States) | - | |
Los Angeles (United States) |
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M&A activity in Banking Tech sector in Los Angeles
In the year 2025, till March 2025, 1 acquisition happened in Banking Tech sector in Los Angeles. Last year, in 2024, a total of 1 acquisition happened in Banking Tech sector in Los Angeles.
Here are some recent, important acquisitions in Banking Tech sector in Los Angeles:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 05, 2025 | ||
Business Acquisition | Nov 13, 2024 |
Acquisition trends in Banking Tech sector in Los Angeles
Here are the acquisition trends in Banking Tech sector in Los Angeles:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | 1 |
2024 | 1 |
2023 | - |
2022 | - |
2021 | - |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
2016 | - |
IPOs in Banking Tech in Los Angeles
In the year 2021, till April 2021, 1 IPO happened in Banking Tech sector in Los Angeles.
Here are some recent, important IPOs in Banking Tech sector in Los Angeles:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Apr 26, 2021 | National Association of Securities Dealers Automated Quotations (NASDAQ) |
Colleges which produce the most Banking Tech companies in Los Angeles
Companies founded by alumni from top colleges in the Banking Tech in Los Angeles
Most number of Banking Tech startups in Los Angeles have been founded by alumni from Harvard University, Columbia University and Harvard Business School.
College | No. of companies |
|---|---|
Harvard University | 4 |
Columbia University | 2 |
Harvard Business School | 2 |
USC Marshall School of Business | 2 |
University of California (Los Angeles) | 2 |
Massachusetts Institute of Technology | 1 |
Princeton University | 1 |
Stanford Business School | 1 |
Stanford University | 1 |
The Wharton School | 1 |
Total funding in Banking Tech companies founded by alumni from top colleges in Los Angeles
In the last 10 years, Harvard University graduates' Banking Tech companies in Los Angeles have raised the most funding among top colleges. University of California (Berkeley) alumni are second, and Columbia University alumni are third.
College | Total Funding |
|---|---|
Harvard University | $1.1B |
University of California (Berkeley) | $865M |
Columbia University | $724M |
USC Marshall School of Business | $617M |
Princeton University | $545M |
The Wharton School | $545M |
University of Pennsylvania | $545M |
Wharton School | $545M |
Harvard Business School | $209M |
Massachusetts Institute of Technology | $30.5M |
Top News in Banking Tech in Los Angeles
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Virtuix Raises $3M in Crowd Investments, Valuation at $200MRoad to VR•Jun 23, 2025•Scout Ventures, Dave, Maveron, Virtuix Omni
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Nestle and Zest Launch AI Waste Reduction System, Saving 700 Tons of Food and £14 MillionCui Niuhui•May 28, 2025•Nestle, Zest AI
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Zest AI Launches LuLu Strategy Module to Expand Generative AI to Financial InstitutionsGlobal FinTech Series•May 05, 2025•Zest AI
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Zest AI's LuLu Pulse, a new lending tool, is now available to all credit unions.Global FinTech Series•Feb 27, 2025•Zest AI
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Zest AI Appoints Former House Financial Services Committee Chief Counsel as Head of Public Policy and Chief of StaffGlobal FinTech Series•Feb 12, 2025•Zest AI
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Zest AI Expands Credit Union Fraud Protection Through Integration with Sync1 SystemsGlobal FinTech Series•Jan 30, 2025•Zest AI, Sync1 Systems
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Siren and Senzing Partner to Transform Law Enforcement Investigations with Entity Resolution at ScaleBusiness Wire•Oct 15, 2024•Senzing, Siren
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