There’s a funny thing about innovation in fintech. Everyone wants to be the next Plaid until they realize open banking isn’t about connecting banks, it’s about surviving the chaos behind them. That’s where Quiltt stopped following the noise and started conducting the orchestra.
Born from a pivot that deserves a standing ovation, Quiltt came to life when founders Ruben Izmailyan and Mark Bechhofer hit a wall while building Budgit, their personal finance app. The real problem wasn’t users, it was the nightmare of integrating financial data. So they ditched the front-end glamour and built the backend backbone. Out of Dallas in 2020, Quiltt became a developer-first platform that unifies data from Plaid, MX, Finicity & Akoya into one streamlined API. It adds enrichment via FinGoal, Ntropy, MX Enrichment & Pave, giving fintech builders one clean connection instead of juggling a circus of contracts and formats. That’s not just infrastructure, it’s orchestration.
And now they’ve got new gas in the tank. Quiltt just raised $2.6M in a priced seed round led by NVP Capital (Newark Venture Partners) with backing from Mastercard, K Street Capital, Mintaka & Abstraction Capital. Add that to the earlier $4M seed co-led by Greycroft & NVP, and they’re sitting at $6.6M total. Abstraction doubled down, and when an investor comes back for seconds, that says it all.
The traction’s real. 15 employees, 15% YoY growth, and est. annual revenue north of $552K, all while earning a spot in Mastercard’s 2024 Start Path Open Banking & Embedded Finance program. They also snagged SOC2Type2 certification & finalist status at the 2025 Dallas Innovates Awards. For a seed-stage crew, that’s heavyweight execution disguised as quiet confidence.
CTO Zane Pickett built a platform that feels more like jazz than code, GraphQL APIs, smart routing, & account deduplication that save devs from the usual integration hangover. Head of Marketing Jenn Starr is building momentum while Head of Customer Success Charles Taylor turns clients into evangelists. This is the kind of team that doesn’t just sell APIs, they sell calm in the chaos.
Quiltt isn’t fixing fintech; they’re simplifying it. They’re the super-aggregator that makes open banking actually open. In an industry obsessed with disruption, they chose discipline. And that’s why this $2.6M isn’t just another seed, it’s the fuse.