Bond
Also a provider — view Bond’s profile →“Can a multi-bank BaaS aggregator survive consolidation by being absorbed into a tier-one core processor (FIS)?”
Founded2019
HQSan Francisco, California, United States
FoundersRoy Ng
Total raised$42M+ (disclosed)
Latest roundAcquired by FIS
IndustryInfrastructure / BaaS
The story
Bond was founded in 2019 as an early embedded-finance / BaaS aggregator — a unified API across multiple sponsor banks for deposit accounts, card issuing, credit, and ACH payments, competing with Unit, Synctera and Treasury Prime. After the 2022-2023 BaaS shakeout, Bond was acquired by FIS and absorbed into Atelio by FIS, FIS's embedded finance platform. The standalone Bond brand is being wound down with traffic redirected to atelio.com.
Last 12 months
Product timeline
2019
Bond Financial Technologies founded in San Francisco by Roy Ng (ex-Goldman Sachs, ex-Mapbox COO) and team· founding
2019
Raised $10M seed led by Canaan to build embedded finance API platform connecting brands with sponsor banks· funding
2023
Acquired by FIS and integrated into Atelio by FIS embedded finance platform· acquisition
The stack
7 layers disclosed in Bond’s embedded-finance stack
Payments / PSP
Bond ACH Transfers API (in-house)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Ledger
in the full report
Lending
in the full report
Open banking
in the full report
Accounting gap: significant
8 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.