Brooklyn Fintech Startup Lands Major Series B to Expand Small-Business Payments
The Dumbo-based company said the raise would fund hiring and a push into serving immigrant-owned businesses across the outer boroughs.
By Keisha Brown · July 13, 2026 · 4 min read
NEW YORK — A Brooklyn-based financial-technology startup that helps small businesses accept payments and manage cash flow said Monday it had raised a substantial Series B round led by a coalition of venture investors, capital it plans to use to expand its engineering team and reach more merchants across the outer boroughs. The company, headquartered in Dumbo, said the round valued it well above its previous financing and would extend its runway through an aggressive growth phase.
Founded a few years ago by a pair of former banking-software engineers, the company built its early customer base among restaurants, bodegas, and service businesses frustrated by the fees and complexity of legacy payment systems. Its pitch centers on transparent pricing and tools tailored to businesses that operate largely in cash and card transactions, including features that let owners track daily receipts and access short-term working capital.
Executives said the new funding would let the company build out multilingual support and features aimed specifically at immigrant-owned businesses, a segment they described as underserved by larger competitors. "These are some of the hardest-working entrepreneurs in the city, and the tools built for them are often an afterthought," a company cofounder said. The firm plans to roughly double its headcount over the next year, adding roles in engineering, compliance, and customer support.
Investors said they were drawn to the company's foothold in a dense, diverse market and its focus on merchants that larger payment processors have historically overlooked. One investor described the outer boroughs' small-business landscape as "a huge, fragmented market hiding in plain sight," arguing that a product designed around its specific needs could win loyalty that national players struggle to earn.
The raise arrived against a backdrop of cautious but selective venture funding, with investors continuing to back companies that can point to real revenue and clear paths to profitability while remaining wary of speculative bets. Analysts said fintech firms serving small businesses had held up comparatively well because their revenue is tied to everyday transactions rather than to a single volatile sector. The company declined to disclose specific revenue figures.