Quiltt is a technology company.
Quiltt has raised $3.7M across 2 funding rounds.
Quiltt has raised $3.7M in total across 2 funding rounds.
Quiltt has raised $3.7M in total across 2 funding rounds.
Quiltt's investors include IrishAngels, Motivate Ventures, Target Global, 01 Ventures, Hustle Fund, Mucker Capital, Vdosh.
Quiltt is a fintech infrastructure company founded in 2020 that builds a low-code, unified open banking API platform. It simplifies access to financial data from multiple providers like MX, Plaid, Finicity, Akoya, and others through a single integration, enabling developers to launch consumer fintech products faster without managing complex APIs.[1][2][3][5][6]
The platform serves builders of financial apps, startups, and companies entering fintech, solving the problem of technical barriers in data aggregation, enrichment, and integrations. Quiltt offers pre-built tools like the Quiltt Connector (with SDKs for React, Flutter, iOS, Android), standardized data models, intelligent routing for reliable data, and enrichment for insights like transaction categorization—reducing engineering time and allowing focus on innovation. Backed by investors including Motivate Venture Capital (early investor), NVP Capital (led $2.6M seed), Mastercard, and others, Quiltt shows strong growth momentum through product expansions like payment rails APIs.[1][2][3][5]
Quiltt was co-founded by Ruben (CEO, self-taught engineer with years in financial data, ex-S&P Capital IQ sales leader and PFM founder) and Zane Pickett (CTO, full-stack developer passionate about Ruby on Rails). The idea emerged when Ruben built a personal finance app, sold it with a partner, and realized the bigger opportunity in fintech infrastructure to lower barriers for other builders—shifting from app development to a scalable platform.[2]
Early traction came quickly: Motivate Venture Capital invested in 2020, the founding year, validating the low-code approach. Pivotal moments include assembling a team with experts like Charles (COO, ex-Plaid and Meld in go-to-market), Jenn (operations with seed-stage experience), and Zubair (frontend/SDK specialist), plus a $2.6M seed round in 2023 led by NVP Capital with notable participation from Mastercard.[1][2][5]
Quiltt stands out in fintech infrastructure through these key strengths:
(Note: A separate senior living software company at quiltt.com is unrelated to this fintech Quiltt at quiltt.io).[4]
Quiltt rides the open banking and embedded finance wave, where trends like PSD2 in Europe and U.S. data portability push for easier financial data access amid rising demand for personalized fintech (e.g., neobanks, lending, wealth apps). Timing is ideal post-2020 fintech boom, as builders face API fragmentation from 100+ providers—Quiltt's aggregation cuts this chaos, aligning with market forces like regulatory openness and AI-driven insights.[1][2][5][6]
It influences the ecosystem by democratizing fintech infrastructure, empowering non-specialist devs and startups to innovate faster, much like Plaid did for connections but with multi-provider unification and enrichment. This lowers entry barriers, fostering more consumer apps and competition in financial services.[1][3]
Quiltt is poised for expansion with its seed funding fueling payment rails, deeper enrichment, and global provider networks—watch for Series A to scale enterprise adoption. Trends like AI-powered finance and real-time data will amplify its edge, potentially making it a go-to layer for embedded banking as open banking regulations mature worldwide.
As infrastructure unlocking faster fintech builds, Quiltt exemplifies how lowering technical barriers sparks the next wave of financial innovation, echoing its founding mission.
Quiltt has raised $3.7M across 2 funding rounds. Most recently, it raised $3.0M Seed in July 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2022 | $3.0M Seed | IrishAngels, Motivate Ventures, Target Global | |
| Nov 1, 2020 | $680K Seed | 01 Ventures, Hustle Fund, IrishAngels, Motivate Ventures, Mucker Capital, Vdosh |