AAffiniti Finance builds tailored affinity card programs for businesses and their members. It designs custom credit card solutions that target specific industry demographics and operates without annual, activation, or cardholder fees. The product works by offering a co-branded credit card to members, with Affiniti earning revenue through a share of card spend when members use the card. The company also provides growth support—helping partners with marketing materials, webinars, and campaigns—to drive adoption and revenue. Affiniti differentiates itself by a no-fee model and a revenue-sharing approach, along with hands-on marketing and strategy support to its business partners. Its goal is to help businesses diversify revenue streams and give their members valuable financial benefits with minimal effort.
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Industries
Company Size
51-200
Company Stage
Series A
Total Funding
$79M
Headquarters
New York City, New York
Founded
2022
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Total Funding
$79M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Affiniti, an AI-powered financial operations platform for small and medium-sized businesses, has entered a financing agreement with Column N.A., a nationally chartered bank. Column will provide funding to support the growth of Affiniti's expanding SMB customer base and accelerate its card product expansion. Affiniti is building an integrated platform combining banking, bill pay, cards, expense management and AI-powered automation for traditionally underserved business sectors. The partnership with Column will help Affiniti scale its card offering as it expands into new product lines including banking and bill pay. Column, designed specifically to help companies build financial technology products, offers direct access to payment rails and lending programmes through a modern API platform. The bank will provide committed balance sheet funding to support Affiniti's growth trajectory.
The funding round included investors such as Contrarian Thinking Capital, Yahya Mokhtarzada, and Austin Rief.
Affiniti recently secured $17 million in Series A funding, led by Signalfire.
Affiniti, founded by Aaron Bai, 20, and Sahil Phadnis, 22, raised a $17M Series A led by SignalFire, just six months after an $11M seed round. The startup offers expense management software for SMBs and plans to launch features like banking and cash flow analytics. Affiniti has grown to 1,800 customers and $20M monthly transaction volume, aiming for $1B by year-end. Other investors include Contrarian Thinking Capital and TrueBill's founder. Seed investors also participated.
Affiniti raises $17 million to develop expense management software that caters to small businesses, enhancing their financial capabilities.
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We're working on gathering enough insights on this company, check back soon!
Industries
Company Size
51-200
Company Stage
Series A
Total Funding
$79M
Headquarters
New York City, New York
Founded
2022
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs