What Konduit does

Konduit (Konduit Works, Inc.) is a no-code fintech infrastructure platform founded in 2021 and headquartered in Reston, Virginia. The company provides a single API that connects community banks and credit unions to a curated set of fintech solutions, eliminating the need for individual integrations. The platform is built around built-in connectors to 15+ core banking systems (Fiserv, Jack Henry, MeridianLink, Temenos) and exposes a self-serve portal enabling non-technical bank staff to configure fintechs. As of the most recent disclosures, 30+ banks and credit unions and 25+ fintech partners are connected through the platform.

Konduit's product suite is organized around three bank-side use cases: loan growth (Plug-n-Play Rate Check, Hyperlocal LeadGen, Decline Funding), deposit growth (Direct Deposit Switch, Online Account Opening), and customer growth (Real-time Retention, AI Cross-Sell). On the fintech side, Konduit offers Real-time Declines (access to 8M monthly bank declines from 50+ banks) and Affiliate Monetization. AI is applied in two main areas: an AI Cross-Sell model that uses proprietary customer credit and payment data to generate product recommendations achieving a 25% cross-sell rate, and an AI-based alternative underwriting model that approves 50% of declined applications through a capital network capable of $50M per month in auto and personal loans. Data scale is a stated differentiator, with 10.5M monthly loan leads aggregated from 950+ marketplace sites and 120M annual consumer shopping inquiries feeding the Real-time Retention solution.

The business model combines several monetization streams. Banks access the single API at no upfront cost and pay on a transaction or per-solution basis. Banks earn referral fees on loan declines routed to Konduit's alternative capital network (generating non-interest income, with one named regional bank reporting $1.5M annually). Fintechs pay for participation fees to access 40+ banks through the network, and revenue is also earned on affiliate-funded events without monthly or setup fees. Investors include 10X Capital, Techstars, and CFV Ventures, with total disclosed funding of approximately $1.24M. The company employs 2-10 people and reports no public revenue figures.

Name

Konduit

Legal name

Konduit Works, Inc.

Website

https://konduitworks.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Konduit is a no-code fintech infrastructure platform that connects community banks and credit unions to 25+ fintech solutions through a single API and self-serve portal, serving 30+ financial institutions with AI-powered loan, deposit, and customer growth products.

Ownership category

akta.pro rank

Product category

Fintech Infrastructure Platform

NAICS

Depository Credit Intermediation (5221)

SIC

Finance Services (6199)

akta.pro primary industry

Tokenization, Network Vaults & Credential Management (FSAGABAF)

akta.pro secondary industries

Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Transaction Analytics & Cash-Flow Insights (risk signals, forecasting) (FSAGACAG)

Keywords

• Fintech infrastructure platform
• Banking API integration
• No-code fintech platform
• Core banking integration
• Loan growth solutions

Headquarters

HQ city

Reston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Referral Fees on Declines: Banks earn referral fees on loan turndowns that are funded by Konduit's alternative capital network. The platform routes declined applications to alternative lenders who fund the loans.
2. Affiliate Monetization: Fintechs pay to monetize their leads by redirecting them through Konduit's network of 50+ banks. Konduit charges no monthly or setup fees, earning revenue on funded events.
3. Platform Access for Fintechs: Fintechs gain access to over 40 banks and credit unions through Konduit's network in exchange for platform participation fees

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Konduit is a no-code fintech infrastructure platform that enables community banks and credit unions to integrate with fintech partners through a single API. The platform provides built-in connections to 15+ core banking systems (Fiserv, Jack Henry, MeridianLink, Temenos) and offers bank-facing modules for loan growth, deposit growth, and customer growth, plus fintech-facing modules for real-time decline routing and affiliate monetization.

Product overview

Konduit is a no-code fintech infrastructure platform enabling community banks and credit unions to integrate with fintechs through a single API. The platform operates as a unified ecosystem comprising: (1) the core Konduit Exchange platform with built-in integrations to 15 core banking systems; (2) Bank Solutions for loan growth including Plug-n-Play Rate Check, Hyperlocal LeadGen, and Decline Funding; (3) deposit growth solutions including Direct Deposit Switch and Online Account Opening; (4) customer growth tools including Real-time Retention and AI Cross-Sell; and (5) Fintech Solutions including Real-time Declines and Affiliate Monetization. The platform connects 30+ banks and credit unions with 25+ fintech partners, providing access to 10.5 million monthly leads and 8 million monthly bank declines.

Differentiator

Problem solved

Functional benefit

Products and services

• Plug-n-Play Rate Check Pre-qualified rate checking solution that lets customers check rates in under 2 minutes before completing a full loan application, increasing conversion by 40%. Supports auto loans, personal loans, credit cards, HELOC, and small business loans for bank and credit union customers.
• Hyperlocal LeadGen Lead generation solution providing real-time access to 10.5 million consumer loan leads per month aggregated from 950+ personal finance and loan marketplace sites. Banks specify geographic footprint at state, county, or zip level and filter by credit eligibility to capture local market share.
• Decline Funding Routes declined loan applicants to Konduit's capital network for alternative funding. Approves 50% of turndowns using AI-based alternative underwriting, allowing banks to earn referral fees on funded declines and generate non-interest income while providing options to declined applicants.
• Direct Deposit Switch White-label direct deposit switching solution covering 80% of US wage earners through a payroll network partnership. Enables a 3-step process to help banks become customers' primary bank and capture the higher lifetime value of primary banking relationships.
• Online Account Opening Digital account opening solution enabling financial institutions to deliver seamless onboarding experiences. Supports opening multiple accounts with compliance protocols in a single session through 25+ third-party integrations.
• Real-time Retention Customer retention solution providing real-time notifications when existing bank customers are shopping for financial products at third-party sites. Identifies flight-risk customers and cross-sell opportunities by matching against the bank's customer base, covering 120 million annual consumer inquiries, and feeds data into CRM and marketing automation systems.
• AI Cross-Sell AI-powered cross-selling solution that analyzes proprietary data on a customer's credit and payment history to generate personalized product recommendations. Achieves a 25% cross-sell rate for new customers and feeds recommendations directly into the bank's CRM and marketing automation systems.
• Real-time Declines Solution providing fintechs real-time access to 8 million bank declines per month from a network of 50+ banks. Used by fintechs serving sub-prime and prime segments with creditbuilder, cash advance, and BNPL products.
• Affiliate Monetization Affiliate platform connecting fintech leads with banks through a single URL to redirect leads through 50+ banks without integration or PII data sharing. Posts monetization events in seconds with no monthly or setup fees, earning revenue on funded events.
• Konduit Exchange (Platform) No-code fintech onboarding platform enabling banks and credit unions to integrate with fintechs through a single API. Includes built-in integrations to 15+ core banking platforms (Fiserv, Jack Henry, MeridianLink, Temenos) with no upfront cost, and a self-serve portal for configuring and customizing fintech solutions without IT involvement.

Quantifiable outcome

• 40% increase in loan application conversion
• +6 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

AI capability6 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core.

• EnformioncoreTechnology or Integration · 1 February 2026Partnership to enrich data across Konduit platform. Enformion is a leading U.S. identity data and analytics platform delivering real-time intelligence for identity verification, fraud prevention, compliance, and risk decisioning. Through this partnership, Konduit customers gain access to 350+ new data points in identity, financial, credit, and demographics categories.
• FiservcoreTechnology or IntegrationCore banking platform with built-in integration to Konduit platform (15+ core platforms supported)
• Jack HenrycoreTechnology or IntegrationCore banking platform with built-in integration to Konduit platform (15+ core platforms supported)
• MeridianLinkcoreTechnology or IntegrationCore banking platform with built-in integration to Konduit platform (15+ core platforms supported)
• TemenoscoreTechnology or IntegrationCore banking platform with built-in integration to Konduit platform (15+ core platforms supported)
• CurucoreStrategic or Co-development PartnerPartnership with Curu, a platform connecting banks with underserved communities. CUBroadcast interview highlighted how this partnership puts lenders directly in digital paths of borrowers who need them most — the underserved and credit invisible.

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Plaid: Plaid provides APIs that connect bank accounts to fintechs, with deep coverage of US depository institutions. It is the most direct comparable to Konduit's single-API fintech-to-bank integration model and the dominant incumbent in this category.
• MX Technologies: MX provides data aggregation, analytics, and connectivity between banks and fintechs/aggregators, plus tools for personal financial management. It competes directly with Konduit in connecting financial institutions to the fintech ecosystem.
• Yodlee (Envestnet Yodlee): Yodlee is a long-standing financial data aggregation platform used by banks and fintechs for account connectivity and transaction analytics, overlapping with Konduit's data-network and decline-routing value proposition.
• Akoya: Akoya offers a secure, consent-based API access network for consumer financial data shared between banks and data recipients, directly comparable to Konduit's API-based bank-to-fintech connectivity model.

Broad incumbents

• Finastra: Finastra is a large global financial software provider offering core, digital, and lending platforms used by banks and credit unions. It is an incumbent that could bundle single-API fintech marketplace capabilities into its core offerings.
• nCino: nCino provides cloud banking and loan origination software for banks and credit unions. Its retail and SMB banking platform competes with aspects of Konduit's loan growth, account opening, and deposit growth solutions.
• Q2 Holdings: Q2 provides digital banking and lending solutions for community and regional banks and credit unions. Its digital banking platform overlaps with Konduit's online account opening, deposit growth, and embedded fintech tools.
• Jack Henry & Associates: Jack Henry is a major US core banking and technology provider for community banks and credit unions. It is both a partner (via built-in Konduit integration) and a potential competitor that could natively offer fintech marketplace capabilities.

Emerging players

• Treasury Prime: Treasury Prime is an embedded banking / Banking-as-a-Service platform that connects banks with fintechs via APIs. It overlaps with Konduit's API-based bank-fintech integration use case, particularly for deposit and payment products.

Regional players

• TrueLayer: TrueLayer provides open-banking APIs for account connectivity and payments, primarily across Europe and the UK. It is a regional peer operating in the same API-based bank-to-fintech integration category as Konduit.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/konduitworks

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Konduit