Mayfair
“Can a fintech layered on top of Stripe Treasury become the default automated cash management OS for cash-rich SMBs and startups?”
Founded2021
HQSan Francisco, CA, USA
FoundersKent Mori, Daniel Chan, Kevin Chan, Munish Chopra
Total raised$14M
Latest roundSeed
IndustryFintech / SMB banking
The story
Founded in 2021, Mayfair is a fintech platform targeting businesses seeking higher yield on idle cash without maturity dates, lockup periods, or market risk. The product is built on Stripe Treasury with Evolve Bank & Trust as the sponsor bank, positioning Mayfair as an automated treasury management layer rather than a bank itself. The company emerged from stealth in January 2023 with Tiger Global backing and has focused on expanding FDIC insurance coverage and APY as its core differentiators for SMBs and startups.
Product timeline
2021
Mayfair founded by serial entrepreneurs Kent Mori, Daniel Chan, Kevin Chan, and Munish Chopra with vision to help businesses earn yield on idle cash.· banking
2023
Emerged from stealth with $14M in funding from Tiger Global and Amity Ventures, launching a cash account offering 4.02% APY via Stripe Treasury and Evolve Bank & Trust.· banking
2024
Raised APY offering to 4.72% and introduced $50M FDIC insurance coverage and a limited-time 5.02% APY promotional offer on checking accounts.· banking
The stack
2 layers disclosed in Mayfair’s embedded-finance stack
Banking / BaaS
Sponsor bank
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.