A 4-year-old Atlanta fintech startup raised an $80 million Series B on Wednesday, one of the largest funding rounds by an Atlanta-based tech company this year.
The round was led by Sequoia Capital with participation from existing investors Founders Fund, Atlanta Ventures fund, and several strategic angels. The company is now valued at roughly $420 million post-money, according to a source familiar with the round.
The startup, which builds API infrastructure for small-business banking, has 95 employees today — most of them in Atlanta. The new funding will be used to open offices in San Francisco and Seattle, double the Atlanta engineering team to about 200, and accelerate product investment in AI-powered features.
Why it matters
The round is significant for two reasons.
First, it’s one of the largest Series B rounds for an Atlanta-based tech company in the past 18 months. The Atlanta tech scene has been growing fast — the metro is now home to more than 700 software companies and a handful of unicorns — but the biggest rounds still tend to happen elsewhere. A round of this size from a tier-1 firm like Sequoia is the kind of validation the local ecosystem has been waiting for.
Second, the company’s commitment to double the Atlanta engineering team rather than just adding in San Francisco is a bet on the local talent pool that other Atlanta tech companies have also been making. The metro’s engineering labor market has been tighter than the national average for three years, but local companies are increasingly competing on quality-of-life and cost-of-living rather than just compensation.
“We could grow faster in San Francisco. We chose to grow faster in Atlanta because the talent here is excellent, the cost structure is better, and our team is here. We’re not moving — we’re expanding.”
— The company’s CEO, in an interview
What the company does
The startup, founded in 2022 by two former Greenlight Financial engineers and a former Kabbage product lead, builds software infrastructure that lets small businesses integrate their bank accounts with their accounting and payments tools. The product is API-first and developer-focused, with an explicit goal of being “the Stripe for SMB banking integrations.”
The company has 2,300 paying customers today, with the bulk of them in the Southeast. Annual recurring revenue is roughly $12 million, growing 4x year-over-year.
The product is increasingly relevant because the small-business banking space has been consolidating rapidly, with banks like JPMorgan Chase rolling out their own developer platforms and fintech upstarts like Ramp and Mercury building out APIs for the same customer base.
The bigger Atlanta picture
The round is part of a larger pattern of venture capital flowing into Atlanta in 2026. The metro has been gaining share against the traditional tech hubs for years, accelerated by the pandemic-era shift to remote work and the cost-of-living differential between Atlanta and San Francisco or New York.
Major rounds by Atlanta-based companies this year include:
- A $200 million Series C for a logistics company (closed in March)
- A $120 million Series B for a healthcare AI startup (closed in May)
- A $50 million Series A for a climate-tech startup (closed last week)
The cumulative total of venture funding raised by Atlanta-based companies in the first half of 2026 is $1.8 billion, up 34 percent from the same period last year.
“Atlanta has been the most interesting non-coastal tech market in the country for about five years. The question has always been whether the rest of the venture world would catch up. This year, I think they have.”
— A senior partner at a Bay Area venture firm, who has invested in three Atlanta-based companies in 2026
Aisha Bell covers business and the economy for WACN 21. Reach her at abell@wacn21.com.
