Low code Fintech Quiltt Secures $4M in Funding

Low-code consumer Fintech platform Quiltt recently revealed that it has secured $4 million in capital in order to expand access to financial services tech for consumers by significantly lowering technical barriers for innovators.

The company’s investment round has been co-led by Greycroft and Newark Venture Partners, along with contributions from Motivate Ventures, Abstraction Capital, Tectonic Capital, Bridge Investments and other investors.

Ruben Izmailyan, CEO and co-founder of Quiltt, stated:

“Quiltt’s vision is to make fintech development more accessible so that more growing businesses and startups can create seamless experiences for their customers. We are excited to partner with leading fintech investors who are as passionate about this opportunity as we are.”

Ruben added:

“Today, as the fintech stack continues to grow in complexity, delivering compelling fintech-enabled experiences requires too much repetitive and costly data engineering work. From managing endless API integrations to wrangling messy financial data into holistic customer profiles, startups and enterprises are spending precious engineering resources to reinvent the wheel. Quiltt’s platform comes pre-integrated with best-in-class fintech providers like Plaid, Spade and ApexEdge (Billshark), freeing up companies to focus on their core competencies. In addition to its unified API, Quiltt provides a suite of no-code UI modules to allow anyone to rapidly experiment on top of its data platform.”

Joseph Graves, Founder and CEO of Round4Good, remarked:

“With just Quiltt and Zapier, we’re able to conceive and build custom fintech experiences in hours rather than months. Quiltt has given us the ability to experiment and iterate at a rate that was previously unimaginable,”

Nathan Pinto, Co-Founder & CEO of Credit Mountain, commented:

“Leveraging Quiltt’s pre-built integrations to Plaid and Spade has allowed our engineers to focus on building the best member experience for our customers.”

Will Szczerbiak, Partner at Greycroft, said:

“As consumers of financial services, we often don’t recognize how many data services and transaction processing systems are involved in each interaction. That is by design, as we would not enjoy an easy end-user experience if we had to interact with these services, but building and maintaining the right underlying connections remains a bottleneck for developers. Quiltt abstracts away the complexity of working with these services so developers can innovate faster and put more great financial experiences in the hands of consumers. We are excited to help Ruben and Mark turn that vision into reality.” 

Founders Mark Bechhofer and Ruben Izmailyan have also developed a personal finance app where they learned about the obstacles of creating seamless financial experiences for consumers.

The founding team brings extensive experience from firms such as S&P Capital IQ, Chime, Dropbox and Relationship Science. The proceeds will be channeled towards adding data integrations, implementing new capabilities, and growing the engineering team.



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