“Can a fund-operations platform embed banking services for its users through a sponsor bank relationship to become the financial hub for its target segment?”
Totem is described as a platform that centralizes fund operations, based in Brooklyn, NY. The company appears to be building embedded banking infrastructure for its users, leveraging First Pryority Bank as a sponsor bank partner. Beyond this, the public footprint is limited and the product evolution is not well-documented in available evidence.
Totem discloses First Pryority Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Totem does not disclose a bank charter of its own; its banking services are provided through First Pryority Bank.
Totem is headquartered in Brooklyn, New York, USA.
Get a read on where your own stack stands against Totem 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.