“Can a business formation company become the full-stack financial OS for the 1M+ small businesses it has already incorporated?”
Founded in 2004 as Incfile, the company built its reputation as a low-cost business formation service helping entrepreneurs incorporate LLCs and corporations. A pivotal free-formation offer launched around 2020 dramatically expanded its customer base. The company rebranded to Bizee in 2023, signaling an ambition to become the ongoing financial and operational OS for small business owners — expanding from one-time formation into recurring services including banking, payments, tax, insurance, and compliance management.
Bizee discloses Relay as its banking provider, according to the Embedded Finance Index 2026.
Bizee does not disclose a bank charter of its own; its banking services are provided through Relay.
Bizee processes payments through Bizee Payments (self-operated).
The Embedded Finance Index 2026 maps 2 layers in Bizee's stack: Payments / PSP (Bizee Payments (self-operated)); Banking / BaaS (Relay).
Bizee is founded in 2004 and headquartered in Houston, Texas, USA.
Get a read on where your own stack stands against Bizee and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.