“Can a neobank built around LGBTQ+ identity and community-specific financial needs (preferred names on cards, family planning services) build sustainable loyalty and revenue in an underserved demographic?”
Founded in 2020 as the first LGBTQ+-focused digital banking platform in the US, Daylight positioned itself as a neobank serving an underserved community with a prepaid card featuring preferred-name printing for trans and non-binary users. After raising $20M across a seed and Series A, the company launched Daylight Grow — a subscription service for queer family planning — attempting to expand beyond basic banking into lifestyle financial products. The company was ultimately acquired by Point Card, indicating it was unable to scale to profitability as a standalone entity despite its differentiated demographic focus.
Daylight discloses Pathward as its banking provider, according to the Embedded Finance Index 2026.
Daylight does not disclose a bank charter of its own; its banking services are provided through Pathward.
Daylight's cards are issued through Marqeta.
The Embedded Finance Index 2026 maps 3 layers in Daylight's stack: Banking / BaaS (Pathward); Card issuing (Marqeta); Sponsor bank (Pathward).
Daylight was founded by Rob Curtis, Billie Simmons and Paul Barnes Hoggett and is founded in 2020, headquartered in New York, NY (later West Hollywood, CA).
Daylight has raised $20M in total (latest round: Series A, November 2022).
Get a read on where your own stack stands against Daylight 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.