Sponsor bank tracked in the Embedded Finance Index. Named by 15 companies, most often as their sponsor bank.
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15 companies name Piermont Bank in their stack. The most common role is sponsor bank (12). A company can use the same bank for more than one thing.
Piermont Bank publishes a developer portal with 4 API products, and 1 aggregator connects to it.
Piermont Bank launched in 2019 as a de novo New York commercial bank targeting the underserved gap between money-center banks and community banks. Within 18 months it launched a BaaS platform in 2021 and quickly established itself as one of the go-to sponsor banks for fintechs — followed by BancFi, a fintech-facing credit platform. As other sponsor banks (Evolve, Blue Ridge, Cross River) came under regulatory scrutiny post-2023, Piermont has positioned itself as a compliance-forward, hybrid digital-plus-human BaaS partner while continuing to grow traditional fund banking, sponsor finance, and CRE lending.
Other banks named for Sponsor Bank in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
An embeddable badge for Piermont Bank’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.
<a href="https://www.embeddedfinanceindex.com/vendors/piermont-bank?ref=badge">
<img src="https://www.embeddedfinanceindex.com/api/badge/piermont-bank.svg"
alt="Ranked #21 of 199 in Sponsor Bank — Embedded Finance Index 2026">
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<img src="https://www.embeddedfinanceindex.com/api/badge/piermont-bank/install" width="1" height="1" alt="" style="display:none">15 companies are linked to Piermont Bank in the Embedded Finance Index 2026, through their own public disclosures or Piermont Bank's published customer list, including Buildertrend, Parker, Worklyfe, AngelList, Storecash, Onyx Private, Workmade, FirstDollar, Zeta, Arise Money and 2 others.
Piermont Bank is a sponsor bank. Companies in the Embedded Finance Index 2026 name it as their sponsor bank (12), banking-as-a-service (11) and card issuer (1).
Yes: FDIC consent order 2024.
The most-named Sponsor Bank alternatives to Piermont Bank are Evolve Bank & Trust (100 buyers), Sutton Bank (64 buyers), Cross River (63 buyers), Pathward (43 buyers), Celtic Bank (39 buyers) and Community Federal Savings Bank (37 buyers).
Piermont Bank was founded by Wendy Cai-Lee and is founded in 2019, headquartered in New York, NY, USA.
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