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Overview
Bankjoy provides end-to-end digital banking software for banks and credit unions, offering online and mobile banking, customer onboarding, loan origination, and voice-enabled services through a unified platform. The product is a cloud-based suite that banks connect to via APIs and other integrations, with a subscription model that includes ongoing updates. This setup allows financial institutions to modernize their digital interfaces, unify customer experiences, and streamline back-end operations by embedding new features into existing systems. Compared with competitors, Bankjoy emphasizes affordability and a comprehensive, ready-to-deploy solution that serves banks and credit unions of all sizes, along with continuous improvements through its subscription. The company’s goal is to help financial institutions deliver a seamless digital banking experience that meets rising customer expectations and keeps pace with fintech innovations.
About Bankjoy
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$14.4M
Headquarters
Royal Oak, Michigan
Founded
2015
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Simplify's Take
What believers are saying
- Bankjoy added 10 clients and 13 expansions in Q4 2025, announced February 2026.
- JoyCompass reached 30 institutions by June 2026, showing cross-sell traction.
- Health Advantage Credit Union won a 2026 member experience award using Bankjoy.
What critics are saying
- Q2, Alkami, Jack Henry, and Banno can bundle broader suites against Bankjoy.
- Only four Corelation renewals in May 2026 signal dependence on a narrow core channel.
- If core partners migrate to Jack Henry or Q2, Bankjoy loses distribution overnight.
What makes Bankjoy unique
- Bankjoy integrates digital banking, onboarding, lending, and PFM for credit unions.
- Corelation renewals in May 2026 prove sticky integration with a dominant core ecosystem.
- JoyCompass and InvestiFi expand within-app engagement beyond standard mobile banking.
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Funding
Total Funding
$14.4M
Below
Industry Average
Funded Over
6 Rounds
Y CombinatorIndustry standards
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
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 4%2 year growth
↑ 6%* Michigan-based Bankjoy most recently demoed its technology on the Finovate stage at FinovateFall 2023.
Bankjoy unveils JoyCompass: A breakthrough financial wellness platform that drives growth for community financial institutions.
Panacea Financial and Bankjoy were recognized as finalists in the Finovate Awards' "Best Fintech Partnership" category.
DETROIT-(BUSINESS WIRE)-Missouri Central Credit Union has selected Bankjoy's award-winning digital banking platform as well as the company's proven Online Account Opening solution to acquire and onboard new members.
Toronto-based lender Fig Financial says its personal loan service is now open to all Canadians. “We are providing a true alternative to banks for every Canadian who needs better lending options. And we are doing what the banks won’t: making this experience entirely online,” Francois Cote, CEO, Fig Financial, said in a news release Tuesday (July 9). “If you need to cover unexpected bills and expenses, make home improvements, or pay off your debt faster — whether it’s 3pm or 3am — Fig is available to you.”. According to the release, Fig has helped provide upwards of Can$135 million in funding to more than 9,000 people via various partnerships. Now, the company’s service is accessible directly to consumers
Bankjoy is Hiring for 9 Jobs on Simplify!
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About Bankjoy
Industries
Data & Analytics
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$14.4M
Headquarters
Royal Oak, Michigan
Founded
2015
Bankjoy is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today