“Can a lifestyle neobank bridge web2 digital banking and web3 crypto services into a single consumer financial platform for the next generation?”
Founded in 2018 out of Barclays' Techstars accelerator as a lifestyle-focused neobank for the 18-to-35 demographic, Cogni aimed to offer personalized banking suited to consumer lifestyles including deposits, travel bookings, and entertainment. In April 2022, the company raised a $23M Series A and formally pivoted toward a web3 mandate — seeking to merge traditional web2 digital banking with crypto and web3 services on a single platform. The pivot attracted investors including Solana Ventures and FTX Ventures, signaling a broader bet on crypto-native banking infrastructure. As of the evidence available, the company remains private with approximately 37 employees.
Cogni discloses Community Federal Savings Bank (sponsor) as its banking provider, with Community Federal Savings Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Cogni does not disclose a bank charter of its own; its banking services are provided through Community Federal Savings Bank.
The Embedded Finance Index 2026 maps 2 layers in Cogni's stack: Banking / BaaS (Community Federal Savings Bank (sponsor)); Sponsor bank (Community Federal Savings Bank).
Cogni was founded by Archie Ravishankar and is founded in 2018, headquartered in New York, NY, USA.
Cogni has raised $29.7M in total (latest round: Series A (web3 pivot round), April 2022).
Get a read on where your own stack stands against Cogni 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.