Teller
Founded Year
2014Stage
Seed VC - II | AliveTotal Raised
$5.19MLast Raised
$1M | 4 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-3 points in the past 30 days
About Teller
Teller is a company that focuses on providing API solutions for bank accounts in the financial technology sector. Their main service involves offering an easy-to-use API that allows users to connect their bank accounts to applications, enabling account verification, money transfers, payments, and transaction viewing. The company primarily serves the financial technology industry. It was founded in 2014 and is based in London, England.
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Research containing Teller
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Teller in 1 CB Insights research brief, most recently on Jan 4, 2024.
Jan 4, 2024
The core banking automation market mapExpert Collections containing Teller
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Teller is included in 3 Expert Collections, including SMB Fintech.
SMB Fintech
1,648 items
Fintech
13,396 items
Excludes US-based companies
Digital Banking
979 items
The open banking ecosystem is facilitated by three main categories of startups including those focused on banking-as-a-service, core banking, and open banking startups (i.e. data aggregators, 3rd party providers). These are primarily B2B companies, though some are also B2C.
Latest Teller News
Aug 21, 2024
To embed, copy and paste the code into your website or blog: <iframe frameborder="1" height="620" scrolling="auto" src="//www.jdsupra.com/post/contentViewerEmbed.aspx?fid=7efe75c4-1aa4-4381-b8a0-41e7b43d10ad" style="border: 2px solid #ccc; overflow-x:hidden !important; overflow:hidden;" width="100%"></iframe> On August 9, the FDIC published a financial institution letter titled “Classification of Interactive Teller Machines as Domestic Branches or Remote Service Units,” applicable to all FDIC-supervised state nonmember banks. FDI Act Section 18(d) requires state nonmember banks to obtain the FDIC’s consent before establishing a domestic branch, while Section 3(o) specifically excluded ATMs and remote service units from this definition. The FDIC stated that ITMs, which resemble ATMs but allow customers to interact with live tellers for various banking transactions, have raised questions about their classification. The FDIC noted that recently, Interactive Teller Machine (ITM) technology has become increasingly sophisticated, and state nonmember banks have sought guidance from the FDIC on whether using ITMs at locations other than established branch facilities would demand a domestic branch application or qualifies for the RSU exclusion. The FDIC clarified that ITMs established by state nonmember banks will not be considered “domestic branches” requiring FDIC approval under specific conditions. These conditions include the ITM as an automated, unstaffed facility owned or operated by the bank, equipped to enable existing customers to initiate interactive sessions with remotely located bank personnel. Additionally, while bank personnel can assist customers remotely, customers must also be able to perform transactions independently and have the discretion to start and end interactive sessions with bank personnel. ITMs that do not meet these criteria may require a branch application.
Teller Frequently Asked Questions (FAQ)
When was Teller founded?
Teller was founded in 2014.
Where is Teller's headquarters?
Teller's headquarters is located at 120 Charing Cross Road, London.
What is Teller's latest funding round?
Teller's latest funding round is Seed VC - II.
How much did Teller raise?
Teller raised a total of $5.19M.
Who are the investors of Teller?
Investors of Teller include Maven 11 Capital, ParaFi Capital, Framework Ventures, Lightspeed Venture Partners, Founders Fund and 4 more.
Who are Teller's competitors?
Competitors of Teller include Nymbus, Bud, Here, Railsr, Swan and 7 more.
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Compare Teller to Competitors
Fabrick is a open finance platform. The company offers payment solutions that enable and foster a fruitful exchange between players that discover, collaborate, and create solutions for end customers. Fabrick was founded in 2018 and is based in Biella, Italy.
Seyula.io is a technology company focused on the financial services sector. The company provides a unified banking API that allows customers to securely connect their bank accounts to various applications. Seyula.io primarily serves businesses in the lending, personal finance, consumer payments, banking & brokerage, and business finances sectors. It is based in United Arab Emirates.
Railsr operates as a banking and compliance platform. It connects together a global network of partner banks with companies offering embedded banking and wallets known as banking-as-a-service, embedded rewards known as reward-as-a-service, embedded cards known as cards-as-a-service, and embedded credit known as credit-as-a-service. Railsr was formerly known as Railsbank. The company was founded in 2016 and is based in London, United Kingdom.
TrueLayer provides an open banking platform, specializing in the financial technology sector. The company provides solutions for instant bank payments, verified payouts, and streamlined user onboarding, leveraging real-time financial and identity data. TrueLayer primarily serves businesses in the ecommerce, iGaming, financial services, and cryptocurrency sectors. TrueLayer was formerly known as Finport. It was founded in 2016 and is based in London, England.
Leveris has developed an end-to-end platform to allow financial institutions and fintech startups such as digital-only banks or challenger banks to run their services.
Yapily is an open banking infrastructure platform that specializes in providing secure connectivity between customers and banks across Europe. The company offers services that enable access to financial data and the initiation of payments, aiming to facilitate the creation of personalized financial experiences. Yapily primarily serves industries such as payment services, i-gaming, accounting, lending and credit, crypto, property technology (PropTech), investing, and digital banking. Yapily was formerly known as Acacia Connect. It was founded in 2017 and is based in London, United Kingdom.
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