Roy Ng, Co-Founder & CEO, Bond

Bond Financial Technologies Inc., a San Francisco-headquartered fintech startup has secured $10 million in the seed round, which was led by venture capital firm Canaan, with participation from technology fund Coatue and other investors including Sarah Friar, Steve Frieberg, Ryan Peterson, and Eric Yuan.

With the additional funds, the startup plans to accelerate the pace of fintech innovation through the development of its machine learning-powered platform and expand its reach to banks, fintechs and brand partners.

“Bond enables banks of all sizes to more effectively compete for and partner with technology innovators, ultimately improving access to capital for everyday consumers and businesses,” Roy Ng, co-founder & CEO of Bond stated.

Michael Gilroy, Partner at Canaan commented, “We’ve long believed that eventually all brands will become fintechs, and yet no solution today is compliant, scalable and makes fintech innovation efficient for brands and banks alike. ”

Bond’s enterprise-grade financial technology platform streamlines the integration between brands and banks, reducing friction and creating a more repeatable model. Through its artificial intelligence (AI)-powered infrastructure, the platform enables digital brands to offer their customers personalized and compliant banking products. Bond’s founders are Roy Ng, Matt Bradley, VP of Technology and Yan Wu, VP of Data Science & Operations. The trio has served as former executives for the likes of BlackRock, Goldman Sachs, SAP, SoFi, and Twilio, with expertise in developer platforms, fintech, artificial intelligence, and data science.

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by Sheeba Bhagat Dawar
Market Analyst at IBS Intelligence
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