Productfy is a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance.
Productfy’s mission is to empower innovative companies to launch a financial product in the fastest time with the most competitive price by fundamentally transforming the way fintech is built.
Productfy was founded in 2018 by Duy Vo. The company is headquartered in San Jose, California.
Productfy's platform integrates with different vendors and adds data science to normalize and sanitize the data to create a single, unified platform that provides the most common workflows and tasks for financial applications.
Productfy also provides credit checks, financialdata model & projects, asset valuation, bank integrations & account verifications, KYC, and identify & contact information verification.
Productify’s partners include Equifax, card issuing platform Marqeta, card fulfillment partner Arroweye and financial data provider Envestnet | Yodlee. The startup has also teamed up with Stearns Bank National Association as it works on developing “expanded access” to money movement, digital banking and card issuance products
Productfy is backed by CM Ventures, Point72 Ventures, 500 Startups, Envestnet, Yodlee, and others. The company raised $16M in Series A round on Oct 08, 2021. This brings Productfy's total funding to $18.4M to date.