Bankjoy

Provides digital banking solutions for financial institutions

Royal Oak, Michigan, United States

About Bankjoy

Bankjoy provides digital banking solutions specifically designed for banks and credit unions. Their services encompass customer onboarding, mobile and online banking, and voice-activated features, aiming to create a smooth digital banking experience. The platform includes tools for online loan origination and API solutions, which facilitate communication between different software systems, allowing financial institutions to easily integrate new features. Unlike many competitors, Bankjoy focuses on affordability, making their services accessible to institutions of all sizes through a subscription-based model. The goal is to help banks and credit unions modernize their digital interfaces and enhance customer satisfaction.

Royal Oak, MichiganHeadquarters

2015Year Founded

$13.9MTotal Funding

SERIES_ACompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Stock Options

Performance Bonus

Remote Work Options

Risks

Increased competition from neobanks pressures Bankjoy to innovate continuously.

Partnerships may expose Bankjoy to third-party integration risks.

Rapid fintech changes require significant R&D investment from Bankjoy.

Differentiation

Bankjoy offers a comprehensive suite of digital banking solutions for credit unions.

The company provides an advanced API for seamless integration with financial institutions.

Bankjoy's focus on user experience sets it apart in the fintech industry.

Upsides

Partnership with Pinwheel enhances Bankjoy's digital deposit switching capabilities.

Growing demand for digital banking solutions boosts Bankjoy's market potential.

Emporia State Federal Credit Union's success highlights Bankjoy's effective platform.

Funding

Total raised$13.88 M

Latest valuation$62.50 M

StageSERIES_A

SERIES A

9/30/2020

$12

$62.50 M

SEED

7/31/2017

$3.00 M