Banking Tech · Massachusetts, India

Best Banking Tech Companies in Massachusetts, United States

Updated 2026-06-24 · Ranked by funding & momentum

67 indexable Banking Tech companies headquartered in Massachusetts, United States, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $1.7B across 33 funded companies, including 1 unicorn.

67
Companies
$1.7B
Total Funding
33
Funded
1
Unicorns
0
Rounds (90d)

Ranked: Best Banking Tech companies in Massachusetts

#CompanyFundingValuationStage Latest roundEmployeesFoundedMomentum
1 EnFi
An AI-powered credit analysis and risk monitoring solutions
$15M Series A Series A Feb 2026 2024 ↑ Active
2 Indico Data
Developer of an agentic decisioning platform for insurance underwriting and claims
$19M Series B Series B Oct 2025 100 2014 ↑ Active
3 Empyrean
Provider of financial software for risk and performance management solutions
$74M Late Stage PE Nov 2024 43 2008 ↑ Active
4 Lynx
Provider of fintech solutions in the healthcare industry
$17.5M Series A Series A Feb 2025 21 2021 ↑ Active
5 Micro Notes
Provider of cloud-based marketing automation for financial institutions
$16.1M Series C Series C Oct 2024 7 2008 ↑ Active
6 Posh
Provider of AI platform and solutions for financial service institutions
$45M Series A Series A Jun 2024 74 2018
7 Digital Onboarding
Lead nurturing platform for bank and credit unions
$62M Series B Series B Jan 2024 50 2015
8 Transmit Security Unicorn
Customer identity management solution provider
$543M $2.2B
as of 2021
Series A Series A Jun 2021 332 2014
9 Pegasystems
Wealth management solution provider
$525M Public Post IPO Feb 2020 5,406 1983
10 Stavvy
Provider of a digital platform for real estate transaction management
$41.5M Series A Conventional Debt Dec 2022 15 2017
11 Monit
Business intelligence tools for banks
$8.8M Series B Series B Mar 2024 37 2019
12 Relativity6
Machine learning-based customer engagement solution for insurance industry
$7.4M Series A Series A Sep 2023 26 2016
13 Cicada
Non-custodial credit risk management company focused on bringing transparency and accountability to institutional lending
$9.7M Seed Conventional Debt Oct 2023 2023
14 Hummingbird
Provider of an AI-powered platform for financial risk and compliance management
$41.8M Series B Series B Nov 2021 120 2016
15 ProcessUnity
Vendor risk management solutions for businesses & financial institutions
$69.5M Acquired Series C Sep 2018 96 2003
16 Hi Marley
Provider of AI and cloud-based conversational platform for the insurance industry
$41.7M Series B Series B Mar 2021 78 2015
17 Linkable Networks
Provider of the credit card linked solutions
$43.3M Series C Series C Dec 2016 29 2010
18 Numerated
Streamlining commercial lending with data-driven insights and AI-powered automation
$32M Acquired Series B Sep 2019 148 2017
19 InAuth
Digital device intelligence for risk detection and analysis
$30.8M Acquired Grant (prize money) Jul 2019 7 2010
20 Sandbox
Provider of standardized integration APIs for banks
$6M Acquired Seed Nov 2022 36 2014
21 Paydiant
White-labeled mobile payment solutions
$34.8M Acquired Series C Sep 2013 57 2010
22 Cignifi
Credit scoring solutions based on mobile data
$11.3M Series B Conventional Debt Sep 2020 9 2010
23 Sagewell
Internet-first bank offering digital banking services for senior citizens
$6.5M Seed Seed Jan 2022 13 2021
24 Volly
Software-based platform for loan origination solutions for banks
$11M Acquired Series B Sep 2020 71 2013
25 Till Financial
Financial management platform for kids
$6.2M Acquired Seed Apr 2021 11 2018
26 Perkstreet
Financial tips and guides on banking, money transfer, and payment options
$13.1M Deadpooled Series B May 2011 2008
27 Envel
AI-powered bank
$3.2M Seed Seed Jul 2021 35 2017
28 Fincura
Lending portfolio management solution for banks & funds
$5.2M Acquired Series A Jun 2019 8 2016
29 DebtX
Online loan sale and debt trading exchange system
$1.5M Funding Raised Conventional Debt Apr 2020 51 2000
30 Alivia Analytics
AI-based claims management solution for healthcare payers
$280K Seed Seed Oct 2022 1 2014
31 AIR Worldwide
Cloud based risk management and assessment solutions for insurance
$835.6K Acquired Grant (prize money) Sep 2017 38 1987
32 BlueHill Payments
Credit card processing solutions for merchants
$125K Seed Seed Mar 2022 2 2021
33 OurBanc
Digital bank for individuals and businesses
$60K Seed Seed Apr 2021 2 2020
34 Catena
Governance and banking‑style platform
Series A Series A May 2026 ↑ Active
35 Dynamo Software
Software solutions for alternative investment firms
$900M
as of 2021
Late Stage PE Sep 2021 32 1998
36 Distilled Identity
Identity verification platform
Deadpooled Seed Jun 2019 4 2017
37 Blueleaf
All-in-One Client Portal for Advisors
Seed Seed Apr 2013 8 2010
38 Act2 Financial
Provider of financial solutions for senior citizens
Unfunded 2020
39 advantage data
Advantage Data is a company that specializes in credit services across the globe.
Acquired 19 1997
40 Akoya
Provider of secure, API-powered network for financial data sharing and access
Funding Raised 84 2018
41 Bank5 Connect
Online bank offering high-interest accounts, personal service, and deposit insurance
Unfunded 2013
42 BankProv
Digital bank for consumers & businesses
Public 202 1828
43 clarity advantage
Clarity Advantage provides sales training, consulting and coaching services to bankers for profitable financial practices.
1991
44 Direct Valuation Solutions
Platform offering property valuation solutions
Acquired 6,085 2011
45 Easy Mortgage Apps
Loan management solutions for mortgages
Funding Raised 2013
46 EquityTouch
Platform offering CRM software for alternative asset companies
Unfunded 2007
47 Farin
Financial risk management software and services provider
Acquired 20 1985
48 financial media exchange
Real-time Financial Content Discovery for Actionable Client Engagement
Private 5 2014
49 Focus Technology Group
Auditing, fraud detection, anti-money laundering, and information security software solutions
Unfunded 12 1985
50 I Foundry
Loan lifecycle management software
Unfunded 45 2015

Top 12 Banking Tech companies in Massachusetts

#1
EnFi Series A
$15M Raised
expand_more
location_onBoston, Massachusetts
Founded
2024
Funding raised
$15M
Stage
Series A

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.

Funding rounds (1 disclosed of 1)
Round Date Amount
Series A Feb 2026 $15M
#2
Indico Data Series B
$19M Raised
expand_more
location_onBoston, Massachusetts
Founded
2014
Employees
100
Funding raised
$19M
Stage
Series B

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.

Funding rounds (12 disclosed of 14)
Round Date Amount
Series B Oct 2025 Undisclosed
Series B Jun 2024 $19M
Series B Dec 2020 $22M
Series A May 2019 $4.1M
Series A Aug 2018 $13M
Seed Jan 2018 $4M
8 earlier rounds — sign up free
Tech stack
amazon web servicesbootstrapcloudflarecloudflare bot managementcore-jsfont awesome+14
#3
Empyrean Late Stage
$74M Raised
expand_more
location_onWoburn, Massachusetts
Founded
2008
Employees
43
Funding raised
$74M
Stage
Late Stage

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.

Funding rounds (1 disclosed of 2)
Round Date Amount
PE Nov 2024 Undisclosed
PE Apr 2021 $74M
Tech stack
6sensecloudflarecloudflare bot managementdriftfont awesomegodaddy+14
#4
Lynx Series A
$17.5M Raised
expand_more
location_onWellesley, Massachusetts
Founded
2021
Employees
21
Funding raised
$17.5M
Stage
Series A

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.

Funding rounds (3 disclosed of 3)
Round Date Amount
Series A Feb 2025 $27M
Series A Mar 2022 $15M
Seed Mar 2022 $2.5M
Tech stack
cdnjscloudflarecloudflare bot managementcontentsquarecore-jsfancybox+14
#5
Micro Notes Series C
$16.1M Raised
expand_more
location_onBoston, Massachusetts
Founded
2008
Employees
7
Funding raised
$16.1M
Stage
Series C

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.

Funding rounds (10 disclosed of 10)
Round Date Amount
Series C Oct 2024 $898.9K
Series C May 2023 $2.1M
Series C Dec 2022 $5.5M
Series B Dec 2020 $500K
Series B Feb 2018 $3.1M
Conventional Debt Dec 2016 $179.5K
4 earlier rounds — sign up free
Tech stack
cloudflarecloudflare browser insightscontact form 7cookieyescore-jsdownload monitor+14
#6
Posh Series A
$45M Raised
expand_more
location_onBoston, Massachusetts
Founded
2018
Employees
74
Funding raised
$45M
Stage
Series A

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.

Funding rounds (3 disclosed of 5)
Round Date Amount
Series A Jun 2024 Undisclosed
Series A May 2023 $4.2M
Series A Dec 2021 $27.5M
Conventional Debt May 2021 Undisclosed
Grant (prize money) Jun 2019 $40K
Tech stack
amazon s3amazon web servicesanimate.csscdnjscloudflarecloudflare bot management+14
#7
$62M Raised
expand_more
location_onBoston, Massachusetts
Founded
2015
Employees
50
Funding raised
$62M
Stage
Series B

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

Funding rounds (4 disclosed of 6)
Round Date Amount
Series B Jan 2024 $58M
Series A Aug 2020 Undisclosed
Seed Feb 2020 $3M
Seed May 2019 Undisclosed
Seed Feb 2019 $815K
Seed Jun 2018 $210K
Tech stack
amazon cloudfrontamazon s3amazon web servicesangularcdnjscloudflare+14
#8
Transmit Security Unicorn Series A
$543M Raised
expand_more
location_onBoston, Massachusetts
Founded
2014
Employees
332
Funding raised
$543M
Valuation
$2.2B · 2021
Stage
Series A

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

Funding rounds (1 disclosed of 1)
Round Date Amount
Series A Jun 2021 $543M
Tech stack
amazon cloudfrontamazon s3amazon web servicesapple icloud mailcloudflarecloudflare bot management+14
#9
Pegasystems Public
$525M Raised
expand_more
location_onCambridge, Massachusetts
Founded
1983
Employees
5,406
Funding raised
$525M
Stage
Public

Wealth management solution provider. Its enterprise AI decisioning and workflow automation platform delivers business transforming value.

Funding rounds (1 disclosed of 1)
Round Date Amount
Post IPO Feb 2020 $525M
Founders & key people
Tech stack
acquia cloud platformamazon cloudfrontamazon s3amazon web servicescloudflarecloudflare bot management+14
#10
Stavvy Series A
$41.5M Raised
expand_more
location_onBoston, Massachusetts
Founded
2017
Employees
15
Funding raised
$41.5M
Stage
Series A

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.

Funding rounds (4 disclosed of 4)
Round Date Amount
Conventional Debt Dec 2022 $10M
Series A May 2021 $40M
Conventional Debt Aug 2020 $1.5M
Seed Mar 2019 $1.5M
Founders & key people
#11
Monit Series B
$8.8M Raised
expand_more
location_onBoston, Massachusetts
Founded
2019
Employees
37
Funding raised
$8.8M
Stage
Series B

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.

Funding rounds (3 disclosed of 4)
Round Date Amount
Series B Mar 2024 $3.6M
Series A Feb 2022 Undisclosed
Series A Apr 2021 $5.2M
Seed Apr 2020 $750K
Founders & key people
#12
Relativity6 Series A
$7.4M Raised
expand_more
location_onCambridge, Massachusetts
Founded
2016
Employees
26
Funding raised
$7.4M
Stage
Series A

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.

Funding rounds (7 disclosed of 8)
Round Date Amount
Series A Sep 2023 $1.5M
Series A Feb 2022 $5.2M
Seed Feb 2021 $50K
Seed Jun 2019 $130K
Seed Jul 2018 $125K
Seed May 2018 $300K
2 earlier rounds — sign up free
Tech stack
cloudflarecloudflare bot managementcore-jsfacebook pixelgoogle analyticsgoogle font api+14

Recent signals in Massachusetts Banking Tech

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Funding & investor landscape

Total raised
$1.7B
across these companies
Companies funded
33
with disclosed funding
Highest-funded
$543M raised

Most active investors

MassChallenge MassChallenge 7 investments in Banking Tech TTV Capital TTV Capital 4 investments in Banking Tech Bain Capital Ventures Bain Capital Ventures 3 investments in Banking Tech Citi Ventures Citi Ventures 3 investments in Banking Tech FINTOP FINTOP 3 investments in Banking Tech General Catalyst General Catalyst 3 investments in Banking Tech .406 Ventures .406 Ventures 2 investments in Banking Tech Bantam Group Bantam Group 2 investments in Banking Tech Boston Seed Capital Boston Seed Capital 2 investments in Banking Tech Citi Citi 2 investments in Banking Tech Commerce Ventures Commerce Ventures 2 investments in Banking Tech Europa Europa 2 investments in Banking Tech

Notable founders in Massachusetts Banking Tech

Joshua Summers Joshua Summers Co-Founder & CEO EnFi · $15M raised
Scott Weller Scott Weller Co-Founder & CTO EnFi · $15M raised
MM Madison May Co-Founder & CTO Indico Data · $19M raised
Diana Yuan Diana Yuan Co-Founder & SVP, People + Operations Indico Data · $19M raised
Tom Wilde Tom Wilde CEO Indico Data · $19M raised
Chris Maclin Chris Maclin CEO Empyrean · $74M raised
CK Christian Klacko Co-Founder Micro Notes · $16.1M raised
Devon Kinkead Devon Kinkead Founder and Chairman Micro Notes · $16.1M raised
Karan Kashyap Karan Kashyap Co-Founder & CEO Posh · $45M raised
MM Matt McEachern Co-Founder & CTPO Posh · $45M raised
TB Ted Brown Cofounder, Executive Chairman Digital Onboarding · $62M raised
Jonathan Crossman Jonathan Crossman Co-Founder & CTO Digital Onboarding · $62M raised

Frequently asked questions

How many Banking Tech companies are there in Massachusetts, United States?
Radar tracks 67 indexable Banking Tech companies headquartered in Massachusetts, United States that meet our profile-completeness bar.
What is the total funding raised by Banking Tech companies in Massachusetts, United States?
The Banking Tech companies in Massachusetts, United States on this list have raised a combined $1.7B in disclosed equity funding across 33 funded companies.
Which is the highest-funded Banking Tech company in Massachusetts, United States?
Transmit Security is the highest-funded Banking Tech company in Massachusetts, United States, with $543M in disclosed equity funding.
How many Banking Tech companies in Massachusetts, United States are funded?
33 of the 67 Banking Tech companies in Massachusetts, United States on this list have disclosed at least one equity funding round.
How many Banking Tech unicorns are there in Massachusetts, United States?
1 Banking Tech company in Massachusetts, United States on this list is valued at $1B or more.
Who are the top investors in Massachusetts, United States Banking Tech companies?
The most active investors in Massachusetts, United States Banking Tech companies on this list include MassChallenge, TTV Capital, Bain Capital Ventures, Citi Ventures, FINTOP.

Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-24.

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