Soma Capital

Magic is a fintech company that develops a bank payment platform.

Slash operates an online banking platform designed to facilitate seamless fund transfers between personal and business bank accounts. The platform offers a range of services, including deposits, payments, virtual cards, and expense tracking. Users benefit from features such as account and routing numbers, direct deposit capabilities, and detailed statements. Additionally, the platform incorporates bank-level security encryption and read-only access to ensure user information is protected. A mobile application enhances the user experience by allowing customers to manage both personal and business accounts from a single dashboard and to split subscription costs with friends. Support services are available to address customer inquiries via email.

OpenYield operates a bond marketplace designed to provide an equity-like trading experience for corporate bonds, municipals, and Treasurys. Its platform offers automated liquidity, enabling retail brokers and advisors to enhance their fixed-income offerings while reducing costs.

Vance is a financial services provider focused on offering non-dilutive funding to revenue-generating startups. The company has developed a global neo-bank that facilitates access to a comprehensive banking infrastructure, allowing users to manage their finances seamlessly while traveling. Vance enables zero-cost, real-time payments across various countries, empowering consumers to conduct banking transactions across borders through a unified interface. This approach aims to support startups by providing essential financial resources without compromising their ownership stakes.

Grey is a company that specializes in providing secure and convenient global banking solutions, primarily targeting emerging markets. It operates a web-based banking platform that allows users to easily open virtual global bank accounts, facilitating the management of foreign bank accounts and enabling hassle-free currency exchange and cross-border transactions. Additionally, Grey offers services for receiving payments from over 80 countries and access to virtual cards, aiming to enhance financial interconnectivity within the evolving gig economy. The company holds licenses from relevant regulatory authorities in Canada and the USA, underscoring its commitment to compliant and innovative financial services.

Ansible Labs' platform, Beam, connects blockchains and bank accounts. Their mission is to modernize money movement. It was founded in 2022.

Ivella offers banking and savings products designed for couples and develops banking and financial applications to help them split expenses. The platform supports joint checking accounts and balances, helps prevent unplanned withdrawals from individual funds, and tracks spending to show who initiated a transaction, how costs are split, and how much each person paid.

Better Financial is a holding company that develops fintech brands focused on helping Americans manage their finances. Their primary product is a banking application designed to assist users in paying off medical debts, offering an integrated insurance policy for everyday expenses and lost income during medical emergencies.

Lenco is a neobank focused on providing online banking solutions tailored for small and medium-sized enterprises (SMEs) in Africa. The company offers easy-to-open and free-to-manage current bank accounts, along with various financial services designed to support business growth. Lenco's platform includes features such as spending analytics and customized account instructions, which allow businesses to manage their financial operations effectively and gain greater control over their teams. By streamlining banking processes and offering essential tools, Lenco aims to empower SMEs to thrive in a competitive market.

Mono is a digital bank designed specifically for startups and small to medium-sized businesses in Latin America, beginning its operations in Colombia. The company aims to empower these businesses by addressing key challenges they face in managing finances. Mono's platform enables users to open a digital checking account quickly, make online payments using a debit card, and integrate seamlessly with various software-as-a-service applications. This approach allows businesses to efficiently manage their expenses and streamline their financial operations, ultimately facilitating growth and enhancing financial control.

Float (YC W20) offers seamless global banking and modern treasury management for businesses.

TeamApt is a financial technology company that develops digital banking and payment platform for financial transactions. It offers an end-to-end omnichannel digital banking service called Moneytor Digital Banking, enabling banks to offer retail, merchant, and corporate banking services through digital channels, Aptpay for automation of digital banking business operations, settlements, reconciliations, and tracks digital transformation processes with web and mobile interfaces. TeamApt was founded in 2015 and is headquartered in Lekki, Lagos, Nigeria.

Embed provides modern securities execution, clearing, settlement, and custody APIs for fintechs, broker-dealers, RIAs, banks, and trust companies.

Founded in 2020 by experienced entrepreneurs, Z1 is a digital banking app designed specifically for teenagers and young adults. It offers financial education, gamification, instant payments, peer-to-peer transfers, and personal finance management tools, empowering users to manage their money responsibly with no hidden fees.