Blockchain Registration Transaction Record

Onsetto Raises $2.2M to Revolutionize Business Banking Onboarding

Onsetto secures $2.2M funding led by EJF Ventures to automate business account switching with AI, helping banks accelerate deposit funding and improve customer onboarding.

This news matters because it addresses a critical pain point in the financial sector: the inefficient and manual process of switching business accounts, which delays funding and hampers customer relationships for banks and credit unions. By automating and enhancing this process with AI, Onsetto helps financial institutions secure primary banking relationships faster, leading to earlier deposit funding and improved treasury engagement. For businesses, this means a smoother, faster onboarding experience when opening new accounts, reducing administrative burdens. In a competitive banking landscape where deposits are key to growth, such innovations can drive operational efficiency, enhance customer satisfaction, and support broader economic activity by facilitating quicker access to financial services for small and medium enterprises.