Banyan

company

About

Banyan provides an easy way for consumers to connect their receipts to any app in a secure, safe, and anonymized way.

Details

Last Funding Type
Series A
Last Funding Money Raised
$28M
Industries
FinTech
Founded date
Jan 1, 2019
Number Of Employee
11 - 50
Operating Status
Active

Banyan, the leading network for item-level receipt data solutions, enables banks, fintechs, hotels and merchants to automate expense management, power the future of precise commerce with SKU and category-level shopping offers and create other powerful applications such as fraud reduction and personal financial management.

Data privacy is core to Banyan’s mission, and the company prides itself on its privacy-by-design and consent-based approach. With world-class security protections and a highly scalable infrastructure, Banyan network participants unlock new capabilities and opportunities while remaining secure and compliant. Getting started with Banyan is fast, flexible and easy through secure batch or API data integrations.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
6
$53M
Banyan has raised a total of $53M in funding over 2 rounds. Their latest funding was raised on Oct 20, 2022 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 20, 2022 Series A $28M 8 Fin Capital
M13
Detail
Oct 20, 2022 Debt Financing $15M 5 Fin Capital
M13
Detail
Jul 30, 2021 Seed $10M 4 Fin Capital Detail
Mar 7, 2017 Convertable Note 1 Detail
Feb 10, 2016 Seed 1 Detail

Investors

Number of Lead Investors
Number of Investors
5
11
Banyan is funded by 11 investors. Fin Capital and M13 are the most recent investors.
Investor Name Lead Investor Funding Round
Fin Capital Yes Series A
M13 Yes Series A
Bridge Bank Series A
Elizabeth Street Ventures Series A
FIS Impact Ventures Series A
Flucas Ventures Series A
Interplay Series A
TTV Capital Series A
Manifold Seed
Motivate Venture Capital Seed

Employee Profiles

Number of Employee Profiles
8
Banyan has 8 current employee profiles, including Executive Jehan Luth
Executive
Executive
Executive
Executive
Executive