Productfy raises $16M to build the ‘Shopify of embedded finance’
https://techcrunch.com/2021/10/08/productfy-raises-16m-to-build-the-shopify-of-embedded-finance/
Productfy Inc., a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures.
Existing backers Point72 Ventures, 500 Startups and Envestnet | Yodlee also participated in the financing, which brings its total raised since its 2018 inception to nearly $19 million.