Loading organizations...
§ Private Profile · Dallas, TX, USA
Quiltt is a technology company.
Quiltt provides a unified open banking API platform, simplifying developer access to financial data and services. It offers a single integration point, connecting applications to various account aggregation, transaction enrichment, and payment processing providers. This infrastructure abstracts complex vendor integrations, enabling seamless embedding of consumer fintech experiences.
Founded in 2017 by Mark Bechhofer and Ruben Izmailyan, Quiltt emerged from the insight that building innovative financial products faced technical hurdles. The founders sought a streamlined approach to integrate disparate financial data and services, accelerating development and reducing operational overhead for fintech innovators.
Quiltt supports financial innovators and institutions enhancing their fintech applications. Its mission is to dramatically lower technical barriers in financial services, fostering broader innovation. The company envisions an accessible ecosystem where creating groundbreaking financial products is not limited by infrastructure, continually advancing the digital finance landscape.
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 Greycroft, Newark Venture Partners, IrishAngels, Motivate Ventures, Target Global, Abstraction Capital, Bridge Investments, Tectonic Capital, 01 Ventures, Hustle Fund, Mucker Capital, Vdosh.
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 | Status |
|---|---|---|---|---|
| Jul 1, 2022 | $3M Seed | Greycroft, Newark Venture Partners | IrishAngels, Motivate Ventures, Target Global, Abstraction Capital, Bridge Investments, Tectonic Capital | Announced |
| Nov 1, 2020 | $680K Seed | — | 01 Ventures, Hustle Fund, IrishAngels, Motivate Ventures, Mucker Capital, Vdosh | Announced |
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.