“Can a remote-work IT asset management platform evolve into the full back-office operating system for globally distributed companies, spanning compliance, finance, and HR?”
Firstbase was originally conceived as a fintech company in 2018 but pivoted to remote work infrastructure in 2019 after the founders identified acute pain points in equipping distributed teams. COVID-19 accelerated adoption and the company raised $63M across Series A and B to build a global IT asset management platform. By 2024, it had been acquired by Harbor Compliance and repositioned as an operating subsidiary, moving away from its VC-backed growth trajectory toward integration into a compliance-focused parent.
Firstbase discloses Arc as its banking provider, according to the Embedded Finance Index 2026.
Firstbase does not disclose a bank charter of its own; its banking services are provided through Arc.
The Embedded Finance Index 2026 maps 2 layers in Firstbase's stack: Banking / BaaS (Arc); Treasury (Arc).
Firstbase was founded by Chris Herd and is founded in 2019, headquartered in New York, NY, USA.
Firstbase has raised $65M in total (latest round: Series B, 2022).
Get a read on where your own stack stands against Firstbase 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.