Totem
“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?”
HQBrooklyn, New York, USA
Latest roundVenture - Series Unknown
IndustryFintech / SMB banking
The story
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.
Last 12 months
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The stack
1 layer disclosed in Totem’s embedded-finance stack
Sponsor bank
First Pryority Bank
Accounting gap: none