Making the often-cumbersome process of switching business bank accounts smoother, InstaSwitch has closed a $4.7M seed funding round. The company, which provides account activation infrastructure for business banking, builds guided flows to help businesses seamlessly move income, payroll, spend, vendors, and clients to new accounts.
Chicago Ventures led the investment, joined by 8-Bit Capital, Better Tomorrow Ventures, and Panache Ventures. InstaSwitch deploys its solutions as a white-labeled embedded SDK and as a hosted flow for institutions at every stage.
