Sandbox Banking, a Cambridge, MA-based provider of a low-code integration platform for banking, raised $4.3M in Seed funding.
The round, which brought total financing to $6M, was led by Horizon Ventures, with participation from Forum Ventures, SixThirty, and Tuesday Capital. The company intends to use the funds to accelerate hiring for new product development and solution delivery capacity.Led by CEO Ravi Balasubramanian, Sandbox Banking is a fintech building a low-code integration platform called Glyue to help banks and credit unions connect fintech products into their existing systems. The system connects core banking, loan origination and CRM systems to fintechs via its Glyue API builder enabling banks and credit unions grow revenue and increase operational efficiency. The API builder platform already empowers teams at over 70 financial institutions across the US & Canada, including Bank Newport, Silicon Valley Bank, United Bank, Choice Financial, and Service Credit Union.15/02/2023
