ApideckTape
← Embedded Finance Index 2026

Dapi

“Can a single open banking API serve as the full embedded finance infrastructure layer for fintechs in emerging and underserved markets?”

Founded2019
HQSan Francisco, California, United States
Total raised$5.1M
Latest roundSeed, 2022
IndustryInfrastructure / Open banking
The story

Founded in 2019, Dapi started as a unified open banking API bridging applications to users' bank accounts, primarily in underserved markets like MENA. The company expanded from pure data aggregation and account-to-account payments into a broader banking-as-a-service platform, adding card issuance, virtual accounts, ledger/accounting, disbursements, crypto on-ramp, and treasury solutions. It positions itself as an open-source, AI-powered real-time banking API for fintech builders globally, competing with Plaid and TrueLayer in emerging markets.

Last 12 months
—
Product timeline
2019
Dapi founded as an open banking API provider targeting MENA and emerging markets.· pivot
2020
Launched Data API and Payment API for bank account data aggregation and account-to-account payments.· banking
2021
Raised $3M seed round; expanded bank coverage across multiple regions.· banking
2022
Added Wire API for US-only wire payments; expanded BaaS product suite including virtual accounts, card issuance, and ledger/accounting integration.· card
2023
Launched crypto on-ramp products (US and global), treasury solutions, and reconciliation product.· banking
The stack
1 layer disclosed in Dapi’s embedded-finance stack
Open banking
Dapi
Accounting gap: minor

Dapi — frequently asked

Which open banking provider does Dapi use?

Dapi connects to bank accounts through Dapi.

Where is Dapi headquartered?

Dapi is founded in 2019 and headquartered in San Francisco, California, United States.

How much funding has Dapi raised?

Dapi has raised $5.1M in total (latest round: Seed, 2022).

Benchmark your own stack

Request an embedded finance strategy assessment

Get a read on where your own stack stands against Dapi 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.

  • Your category, mappedHow your stack compares to Dapi and the other companies in its category.
  • Build vs. buyWhere a provider relationship would close a gap faster than building it.
  • A named analyst, not a form replyA short call to scope what's actually worth assessing for you.

No newsletter, no sharing your address. We use this to reach out about the assessment and nothing else.