Best Banking Tech Companies in Massachusetts, United States
The 67 best Banking Tech companies in Massachusetts, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Transmit Security.
Our analysis of 50 Banking Tech companies
$7.7b in tracked funding; 98% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Banking Tech companies in Massachusetts
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Transmit Security 🦄 Customer identity management solution provider | $543M | 60 mo ago | 332 | 2014 | Rakesh Loonkar President & Co-Founder | — | — |
| 2 | Pegasystems Wealth management solution provider | $525M | 76 mo ago | 5,406 5,406 → 5,573 (+3%) · sector median +2% | 1983 | Alan Trefler Founder & CEO | 88 patents Enterprise workflow automation and AI-driven business process management solutions. | 1 launch · 1 award |
| 3 | Empyrean Provider of financial software for risk and performance management solutions | $74M | 19 mo ago | 43 | 2008 | Chris Maclin CEO | — | — |
| 4 | ProcessUnity Vendor risk management solutions for businesses & financial institutions | $69M | 93 mo ago | 96 96 → 233 (+143%) · sector median +2% | 2003 | Sean Cronin CEO | — | — |
| 5 | Digital Onboarding Lead nurturing platform for bank and credit unions | $62M | 29 mo ago | 50 | 2015 | Ted Brown Cofounder | — | 2 partnerships |
| 6 | Posh Provider of AI platform and solutions for financial service institutions | $45M | 24 mo ago | 74 74 → 178 (+141%) · sector median +2% | 2018 | Karan Kashyap Co-Founder & CEO | — | — |
| 7 | Linkable Networks Provider of the credit card linked solutions | $43M | 114 mo ago | 29 | 2010 | — | — | — |
| 8 | Hummingbird Provider of an AI-powered platform for financial risk and compliance management | $42M | 55 mo ago | 120 | 2016 | Joe Robinson Co-Founder & CEO | 13 patents Patents concentrated in health & consumer products | 2 launchs |
| 9 | Hi Marley Provider of AI and cloud-based conversational platform for the insurance industry | $42M | 63 mo ago | 78 78 → 173 (+122%) · sector median +2% | 2015 | — | 30 patents Industrial heating and thermostatic control systems for trench and hot‑water applications | 1 launch |
| 10 | Stavvy Provider of a digital platform for real estate transaction management | $42M | 42 mo ago | 15 | 2017 | Josh Feinblum Co-Founder | 3 patents Digital notarization platforms enabling electronic document signing and authentication | — |
| 11 | Paydiant White-labeled mobile payment solutions | $35M | 153 mo ago | 57 | 2010 | — | 22 patents Mobile payment transaction processing, NFC/ATM integration, and tokenized wallet services | — |
| 12 | Numerated Streamlining commercial lending with data-driven insights and AI-powered automation | $32M | 81 mo ago | 148 | 2017 | — | — | — |
| 13 | InAuth Digital device intelligence for risk detection and analysis | $31M | 83 mo ago | 7 | 2010 | — | 24 patents Secure device authentication and trusted communication across multiple channels | — |
| 14 | Indico Data Developer of an agentic decisioning platform for insurance underwriting and claims 72AI top 8%Innovation top 23%Talent top 28%Funding top 33% All 11 signals ▾AItop 8% Innovationtop 23% Talenttop 28% Fundingtop 33% Moattop 39% Techtop 40% Producttop 49% Marketbottom 47% Globalbottom 43% Growthbottom 40% Newsbottom 38% AI: Classified as an agentic-AI company Innovation: 4 new-product events in 24 mo · Deep-tech classification: Artificial Intelligence, Agentic Ai rank vs industry peers · Fliar Intelligence Index 72/100 | $19M | 7 mo ago | 100 | 2014 | Madison May Co-Founder & CTO | — | — |
| 15 | Lynx Provider of fintech solutions in the healthcare industry | $18M | 16 mo ago | 21 | 2021 | — | 22 patents Patents concentrated in computing, sensing & instrumentation | — |
| 16 | Micro Notes Provider of cloud-based marketing automation for financial institutions | $16M | 20 mo ago | 7 | 2008 | Christian Klacko Co-Founder | — | — |
| 17 | EnFi An AI-powered credit analysis and risk monitoring solutions 62AI top 23%Funding top 38%Talent top 38%Market bottom 49% All 5 signals ▾AItop 23% Fundingtop 38% Talenttop 38% Marketbottom 49% Globalbottom 33% AI: Classified as an agentic-AI company · Product described with: ai-powered Funding: Raised $15.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $15M | 4 mo ago | — | 2024 | Joshua Summers Co-Founder & CEO | — | 2 awards |
| 18 | Perkstreet Financial tips and guides on banking, money transfer, and payment options | $13M | 181 mo ago | — | 2008 | — | — | — |
| 19 | Cignifi Credit scoring solutions based on mobile data | $11M | 69 mo ago | 9 | 2010 | — | — | — |
| 20 | Volly Software-based platform for loan origination solutions for banks | $11M | 69 mo ago | 71 71 → 47 (-34%) · sector median +2% | 2013 | — | — | — |
| 21 | Cicada Non-custodial credit risk management company focused on bringing transparency and accountability to… | $10M | 32 mo ago | — | 2023 | Christine Cai Frm Co-Founder | 3 patents Portable folding beds and protective enclosures for irrigation sprinkler systems | — |
| 22 | Monit Business intelligence tools for banks | $9M | 27 mo ago | 37 | 2019 | Sean Collins Co-Founder | — | — |
| 23 | Relativity6 Machine learning-based customer engagement solution for insurance industry | $7M | 32 mo ago | 26 26 → 16 (-38%) · sector median +2% | 2016 | — | — | — |
| 24 | Sagewell Internet-first bank offering digital banking services for senior citizens | $6M | 52 mo ago | 13 | 2021 | Jeff Wright Co-Founder | — | — |
| 25 | Till Financial Financial management platform for kids | $6M | 62 mo ago | 11 11 → 22 (+100%) · sector median +2% | 2018 | Tom Pincince Co-Founder | — | — |
| 26 | Sandbox Provider of standardized integration APIs for banks | $6M | 43 mo ago | 36 | 2014 | Skye Isard CTO & Co-Founder | 13 patents Patents concentrated in health & consumer products | — |
| 27 | Fincura Lending portfolio management solution for banks & funds | $5M | 84 mo ago | 8 | 2016 | — | — | — |
| 28 | Envel AI-powered bank | $3M | 59 mo ago | 35 | 2017 | Steve Le Roux Co-Founder & CEO | 6 patents Patents concentrated in computing, sensing & instrumentation | — |
| 29 | DebtX Online loan sale and debt trading exchange system | $2M | 73 mo ago | 51 51 → 34 (-33%) · sector median +2% | 2000 | — | — | — |
| 30 | AIR Worldwide Cloud based risk management and assessment solutions for insurance | $836K | 105 mo ago | 38 | 1987 | — | — | — |
| 31 | Alivia Analytics AI-based claims management solution for healthcare payers | $280K | 44 mo ago | 1 | 2014 | — | — | 1 partnership |
| 32 | BlueHill Payments Credit card processing solutions for merchants | $125K | 51 mo ago | 2 | 2021 | Himanshu Minocha Founder & CEO | — | — |
| 33 | OurBanc Digital bank for individuals and businesses | $60K | 62 mo ago | 2 | 2020 | — | — | — |
| 34 | Catena Governance and banking‑style platform | — | 1 mo ago | — | — | Matt Venables Co-Founder & CTO | — | — |
| 35 | Dynamo Software Software solutions for alternative investment firms | — | 57 mo ago | 32 | 1998 | Krassen Draganov Founder and Chief Product Officer | — | 1 launch |
Top 12 Banking Tech companies in Massachusetts
#1
Series A · Boston, Massachusetts · founded 2024$15Mraised▾
An AI-powered credit analysis and risk monitoring solutions. It is a platform that provides credit risk analysis, underwriting, and portfolio management solutions for banks and private lenders. The company uses advanced AI techniques to analyze complex credit data, streamlining the lending process and managing decision-making processes.
- Feb 2026Series A$15M
#2
Series B · Boston, Massachusetts · founded 2014 · 100 employees$19Mraised▾
Developer of an agentic decisioning platform for insurance underwriting and claims. The platform streamlines submission processing, automates data enrichment, and recommends next actions. It helps insurance carriers transform complex submissions and claims into decision-ready insights. The platform supports policy changes, renewals, and customer communications with document processing and workflow automation.
- Oct 2025Series B—
- Jun 2024Series B$19M
- Dec 2020Series B$22M
- May 2019Series A$4.1M
#3
Late Stage · Woburn, Massachusetts · founded 2008 · 43 employees$74Mraised▾
Provider of financial software for risk and performance management solutions. The software facilitates balance sheet management, liquidity stress testing, and deposit analytics. It offers budgeting, planning, and profitability tools for financial performance management. The software integrates risk and performance data for treasury and finance teams.
- Nov 2024PE—
- Apr 2021PE$74M
#4
Series A · Wellesley, Massachusetts · founded 2021 · 21 employees$17.5Mraised▾
Provider of fintech solutions in the healthcare industry. It provides users with banking solutions for healthcare purposes via open APIs. It enables companies to embed customizable health-fintech solutions into their customer experience to improve affordability, drive health engagement, and enhance financial security.
- Feb 2025Series A$27M
- Mar 2022Series A$15M
- Mar 2022Seed$2.5M
#5
Series C · Boston, Massachusetts · founded 2008 · 7 employees$16.1Mraised▾
Provider of cloud-based marketing automation for financial institutions. It provides a platform that utilizes artificial intelligence to carry out conversation marketing to engage customers. The conversations help to inform the customers, improve loyalty, increase engagements, and increase the chances of cross-selling financial products and services.
- Oct 2024Series C$898.9K
- May 2023Series C$2.1M
- Dec 2022Series C$5.5M
- Dec 2020Series B$500K
#6
Series A · Boston, Massachusetts · founded 2018 · 74 employees$45Mraised▾
Provider of AI platform and solutions for financial service institutions. The company delivers customer service automation through voice and digital channels. It offers AI-powered tools for customer self-service, employee support, and knowledge management. The platform integrates with existing systems to streamline operations and improve customer experiences.
- Jun 2024Series A—
- May 2023Series A$4.2M
- Dec 2021Series A$27.5M
- May 2021Conventional Debt—
#7
Series B · Boston, Massachusetts · founded 2015 · 50 employees$62Mraised▾
Lead nurturing platform for bank and credit unions. It is a platform for engaging customers and members and adopt account-related services. It also offers gamified incentives, including cash bonus offers, can be added to motivate customers and members to sign up for online banking, download the mobile app, set up direct deposit, and activate their debit card. It also includes automated email and text campaigns remind customers and members to activate the cards and enrol in digital, account-related services.
- Jan 2024Series B$58M
- Aug 2020Series A—
- Feb 2020Seed$3M
- May 2019Seed—
#8
Series A · Boston, Massachusetts · founded 2014 · 332 employees$543Mraised▾
Customer identity management solution provider. It provides a unified development and operational environment for best-of-breed customer identity management, fraud prevention, and identity verification. It is capable of detecting advanced account opening fraud, scan government-issued documents and validate their authenticity. It offers biometric systems for authentication. It protects customers from fraud across all channels and devices. It also delivers options for authenticators including face recognition, eye recognition, voice recognition, fingerprint, OTP, notifications, and pattern drawing.
- Jun 2021Series A$543M
#9
Public · Cambridge, Massachusetts · founded 1983 · 5406 employees$525Mraised▾
Wealth management solution provider. Its enterprise AI decisioning and workflow automation platform delivers business transforming value.
- Feb 2020Post IPO$525M
#10
Series A · Boston, Massachusetts · founded 2017 · 15 employees$41.5Mraised▾
Provider of a digital platform for real estate transaction management. The platform supports digital mortgage lending, title and settlement, and home equity lending. It offers features such as document management, electronic notarization, and digital execution. The platform also provides solutions for mortgage servicing and default management.
- Dec 2022Conventional Debt$10M
- May 2021Series A$40M
- Aug 2020Conventional Debt$1.5M
- Mar 2019Seed$1.5M
#11
Series B · Boston, Massachusetts · founded 2019 · 37 employees$8.8Mraised▾
Business intelligence tools for banks. It enables banks to provide financial management tools to business customers. Businesses are provided with features such as predict/plan cash flow, identification of savings opportunities, presentation of key financial insights, and more. The software can be integrated into the business's accounting package.
- Mar 2024Series B$3.6M
- Feb 2022Series A—
- Apr 2021Series A$5.2M
- Apr 2020Seed$750K
#12
Series A · Cambridge, Massachusetts · founded 2016 · 26 employees$7.4Mraised▾
Relativity6 provides a machine learning-based customer engagement solution for the insurance industry. It provides data about unresponsive customers based on data science and machine learning. It provides a platform to generates the list of unresponsive customers with the highest willingness to return. It has clients such as Coterie, Metlife, Allianz, etc.
- Sep 2023Series A$1.5M
- Feb 2022Series A$5.2M
- Feb 2021Seed$50K
- Jun 2019Seed$130K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Banking Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Fintech is moving in the United States
A read on the academic research around Fintech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 907 United States-affiliated papers.
- Film Independent54
- United States Department of Commerce26
- Community Partners22
- University of Virginia18
- International Monetary Fund12
- Financial services42
- Database transaction16
- Payment15
- Scalability12
- Credit risk11
- Financial services7→190
- Financial inclusion2→74
- Payment2→50
- Mobile payment3→29
- Leverage (statistics)1→21
- Financial services9→149
- Financial inclusion1→56
- Payment2→27
- Investment (military)1→19
- Cryptocurrency1→17
Where fintech is researched across United States
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Who's filing fintech patents in the United States
United States fintech patent filing is accelerating — 20 filings from 16 assignees (2016–2025), led by Mastercard International, Verifone, Financial Cloud Innovations; annual filings 1→7.
- Mastercard International20
- Verifone4
- Financial Cloud Innovations2
- Atombeam Technologies2
- Salah ALI Khalil1
- LNW Gaming1
- Kassetty Nikhil1
- DR Mariappan RAJA1
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.