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TigerBeetle

Also a provider — view TigerBeetle’s profile →

“Can a purpose-built double-entry OLTP database displace general-purpose SQL as the system of record for the world's financial transactions?”

Founded2022
HQSan Francisco, California, United States
FoundersJoran Dirk Greef
Total raised$30.4M
Latest roundSeries A, 2024
IndustryInfrastructure / BaaS
The story

TigerBeetle is a specialized OLTP database purpose-built for double-entry financial transaction processing. Originated in 2020 from Joran Dirk Greef's work on a Gates Foundation central bank switch, it spun out of Coil in 2022 as an independent company. The thesis is that general-purpose SQL databases hit an Amdahl's Law throughput ceiling for debit/credit workloads, and a purpose-built engine can deliver 1000x performance for the ledger layer inside banks, wallets, payments, BNPL, gaming and energy platforms. In 2026 the company shipped a managed cloud offering to move beyond open-source adoption into a commercial infrastructure business.

Last 12 months
2026-07
2026-07
Product timeline
2020
Joran Dirk Greef consults on a central bank switch for the Gates Foundation and creates TigerBeetle.· pivot
2022
TigerBeetle Inc. founded, spinning out of Coil, with the first customer.· pivot
2024
Announced $24M Series A funding round.· pivot
2026
Launched TigerBeetle Cloud, a managed multi-cloud offering across AWS, Azure and GCP.· banking
The stack
3 layers disclosed in TigerBeetle’s embedded-finance stack
Payments / PSP
Stripe
Ledger
in the full report
Crypto
in the full report
Accounting gap: none
3 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.