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Bankjoy

End-to-end digital banking platform provider

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.

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About Bankjoy

Simplify's Rating
Why Bankjoy is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareFintechFinancial Services

Company Size

51-200

Company Stage

Series A

Total Funding

$14.4M

Headquarters

Royal Oak, MI

Founded

2015

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Simplify's take

What believers are saying

  • October 2026 brought TENCU selection, 13 renewals, and 36 KeyStone clients.
  • CommunityWide FCU saw 91.8% retention among JoyCompass users after three months.
  • September 2026 CPI push provisioning broadens wallet functionality and deepens embedded payments revenue.

What critics are saying

  • Core banking vendors can disintermediate Bankjoy; Corelation controls the KeyStone ecosystem and roadmap.
  • Bankjoy depends on credit-union migrations; delayed conversions stall launches and compress revenue timing.
  • If Corelation, Velera, or CPI build native digital layers, Bankjoy loses its differentiation entirely.

What makes Bankjoy unique

  • Corelation certified Bankjoy first through KeyBridge, then 36 KeyStone credit unions used it by 2026.
  • Bankjoy bundles digital banking, JoyCompass, FraudSense, and integrations like CPI and Velera.
  • Sequoia's Circle youth-banking partnership with CU*Answers extends Bankjoy beyond standard mobile banking.

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Funding

Total Funding

$14.4M

Below

Industry Average

Funded Over

6 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8.2M
$12.5M
$15M
$30M

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

-2%

1 year growth

-2%

2 year growth

1%
The Mirror Democrat and Savanna Times-Journal
Oct 23rd, 2026
TEN Credit Union selects Bankjoy for digital banking as it moves to Corelation KeyStone.

TEN Credit Union selects Bankjoy for digital banking as it moves to Corelation KeyStone. * 21 hrs ago Bankjoy, a leading provider of digital banking solutions for community financial institutions, today announced that TEN Credit Union (TENCU), a Nashville-based credit union founded in 1950, has selected Bankjoy as its digital banking platform. TENCU will launch Bankjoy the same day it converts to Corelation's KeyStone core, so members will move to a new core and a new digital banking experience in one coordinated conversion. TENCU members will now have access to Bankjoy's consumer and business digital banking, protected by FraudSense, Bankjoy's real-time, multi-layered fraud prevention platform. The launch also includes advanced card controls through a tight integration with Velera. JoyCompass, Bankjoy's financial wellness platform, and Plaid-powered account verification and aggregation are part of the agreement and can be turned on after launch. Bankjoy connects directly to KeyStone through Corelation's KeyBridge API and was the first fintech certified through Corelation's vendor certification program. That direct integration lets TENCU run its digital banking on its new core from the first day, with no second digital conversion to plan afterward. "A core conversion is the most important project a credit union can undertake. Our members trust us to get this right, and we know digital banking has to be ready on day one. We can't treat it as an afterthought," said Michael Roussel, Chief Innovation Officer. "Bankjoy has proven to work seamlessly with KeyStone, and we're confident they'll not only be an awesome partner to TENCU, but they will deliver the best experience for our members." "TENCU has served Tennessee educators and their communities for more than 75 years, and we're honored they chose Bankjoy for their next chapter," said Michael Duncan, CEO of Bankjoy. "Credit unions moving to KeyStone want a digital partner that already knows the core and has launched on it many times. That experience is what we bring to TENCU, along with real-time fraud protection and tools that help members do more with their money." TENCU joins a growing group of credit unions that pair Bankjoy with KeyStone. The credit unions that are using Bankjoy with Corelation's KeyStone core, are seeing measurable gains in member engagement. At CommunityWide Federal Credit Union, 91.8% of members who created a budget in JoyCompass remained active in digital banking after three months, compared with 66.4% of members who did not use Spending Analysis. More credit unions are also choosing KeyStone: Corelation reported earlier this month that six credit unions with more than $5.4 billion in combined assets selected the core in the third quarter of 2026. Bankjoy will be at the Corelation 2026 Executive Forum, October 21 to 23, in Chula Vista, Calif., where it is a Platinum Sponsor. To connect with Bankjoy at the event, contact Jose Cisneros at [email protected]. About TEN Credit Union TEN Credit Union (TENCU) was founded in 1950 by a group of Nashville school system educators with the goal of helping members achieve personal financial growth and a secure and sound financial future. Today, the credit union serves more than 24,800 members, educators and select employer groups statewide, with over $410 million in assets. TENCU is a full-service credit union, providing fewer and lower fees than banks, lower interest rates on loans, above market rates on deposits, excellent service, and is committed to members' financial well-being. TENCU's mission is to honor traditional credit union values while utilizing innovation to provide an exceptional member experience. To learn more, visit www.tencu.com. About Bankjoy Bankjoy is a digital banking platform built to help community financial institutions deliver modern, intuitive, and secure experiences that strengthen member relationships and drive growth. Combining flexible APIs, AI-driven insights, and best-in-class digital tools, Bankjoy empowers banks and credit unions to compete in a rapidly evolving financial landscape while maintaining the trust and values of community-centric organizations. For more information, visit bankjoy.com. Media gallery

Finovate
Oct 13th, 2025
Bankjoy and InvestiFi Bring Investing Options to Community Banks and Credit Unions

* Michigan-based Bankjoy most recently demoed its technology on the Finovate stage at FinovateFall 2023.

Yahoo Finance
May 15th, 2025
Bankjoy Unveils JoyCompass: A Breakthrough Financial Wellness Platform That Drives Growth for Community Financial Institutions

Bankjoy unveils JoyCompass: A breakthrough financial wellness platform that drives growth for community financial institutions.

Business Wire
Sep 4th, 2024
Bankjoy & Panacea Financial Named Finalists in 2024 Finovate Awards for "Best Fintech Partnership"

Panacea Financial and Bankjoy were recognized as finalists in the Finovate Awards' "Best Fintech Partnership" category.

FinTech Futures
Aug 1st, 2024
Missouri Central Credit Union Selects Bankjoy's Award-Winning Digital Banking Platform & Online Account Opening Solution

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.

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