Verdigris Holdings Inc

What Verdigris Holdings Inc does

Verdigris Holdings Inc. is a privately held financial technology company founded in 2015 and headquartered at 4250 N Drinkwater Blvd, Suite 300, Scottsdale, Arizona. The company provides a unified banking-as-a-service (BaaS) platform that bundles three core products: Core Banking-as-a-Service (account management, KYC compliance, transaction processing, real-time payment rails, multi-currency support, and fraud detection), Card Programs (virtual and physical card issuance, real-time authorization, spending controls, and mobile wallet integration), and an API Toolkit (RESTful APIs, SDKs, webhooks, sandbox environments, and documentation). The underlying technology stack is cloud-based with multi-region deployment and a claimed 99.9% uptime SLA. The company states it has processed more than $2.5B in transaction volume and serves 500+ companies across its history.

The business serves fintechs, developers/API integrators, businesses needing card programs, and larger enterprises — selling through a hybrid motion combining enterprise field sales (multiple service-specific contact forms, dedicated partnership and sales emails) with API self-service access via a developer login portal. Pricing is quote-based rather than publicly disclosed, with multi-year enterprise contracts alongside usage-based billing for API access. Revenue is generated through a mix of subscription/recurring platform fees, per-transaction processing fees, card issuance and per-card fees, usage-based API charges, and professional services. The company has stated bank partnerships dating back to 2017, though the partner banks are not publicly named and no regulatory licenses, certifications, patents, or awards are disclosed in the source data.

Recent signals indicate a possible strategic extension into digital assets: the company is actively recruiting a cryptocurrency trader and a multi-asset trader via dedicated inboxes ([email protected], [email protected]). Leadership consists of CEO Michael Coghlan and Founder/Chairman Sam Rosenfeld. The company has been funded in three rounds (2016, 2018, July 2021) with the most recent round including Fifo Capital and Sterling National Bank, though dollar amounts are not disclosed. Headcount is in the 11–50 range.

Name

Verdigris Holdings Inc

Legal name

Verdigris Holdings Inc.

Website

https://verdigrisholdings.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Verdigris Holdings Inc. is a private Scottsdale-based fintech that provides banking-as-a-service infrastructure, card issuance, and financial APIs to 500+ businesses globally, monetizing via transaction fees, platform subscriptions, and usage-based API pricing since 2015.

Ownership category

akta.pro rank

Product category

Banking-as-a-Service Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

akta.pro secondary industries

Embedded Card Issuing & Card-as-a-Service (FSAGALAC), Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Reconciliation, Ledgering & Money Movement Ops (Sub-ledgers, Settlement, Reporting) (FSAGALAL)

Keywords

• Banking-as-a-service
• Card issuance programs
• Financial API platform
• Payment infrastructure
• Embedded finance

Headquarters

HQ city

Scottsdale

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, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Banking-as-a-Service (BaaS): Provides comprehensive banking infrastructure to businesses, enabling them to offer financial services without building their own banking infrastructure. Revenue likely generated through platform fees, API usage charges, and per-transaction fees.
2. Card Programs: End-to-end card issuance and management solutions generating revenue through card issuance fees, transaction processing fees, and potentially monthly per-card fees.
3. API Toolkit Access: Developer-friendly API access with SDK support and sandbox environment, revenue likely generated through API call volume and subscription tiers based on usage.
4. Financial Solutions Consulting: Custom financial technology solutions and support services potentially including professional services for implementation and integration.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Verdigris Holdings Inc. provides a cloud-based banking-as-a-service (BaaS) platform that delivers core banking infrastructure, end-to-end card issuance and management, and a developer-focused API toolkit to businesses. The platform bundles account management, KYC compliance, real-time payment rails, multi-currency support, fraud detection, regulatory reporting, virtual and physical card issuance with merchant controls, and RESTful APIs with SDKs and sandbox environments, enabling companies to embed financial services into their products without building banking infrastructure themselves.

Product overview

Verdigris Holdings Inc offers a unified financial technology platform consisting of three core integrated services: Core Banking-as-a-Service (providing banking infrastructure, KYC compliance, transaction processing, and fraud detection), Card Programs (enabling virtual and physical card issuance, authorization, and mobile wallet integration), and API Toolkit (providing RESTful APIs with SDK support, webhooks, and sandbox environment for rapid fintech development). These products work together as an integrated suite to provide businesses with end-to-end banking infrastructure capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Core Banking-as-a-Service Comprehensive banking infrastructure for businesses covering account management, KYC compliance, transaction processing and reconciliation, real-time payment rails integration, regulatory reporting, multi-currency support, and advanced fraud detection.
• Card Programs End-to-end card issuance and management solution offering virtual and physical card issuance, real-time authorization and controls, customizable spending limits, merchant category controls, mobile wallet integration, and a comprehensive reporting dashboard for businesses.
• API Toolkit Developer-facing API suite for building financial applications, providing RESTful API architecture, comprehensive SDK support, real-time webhooks, sandbox environment, detailed documentation, and rate limiting with security features.

Quantifiable outcome

• Reduce time-to-market by 80%
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Leading Banks (Undisclosed)coreTechnology or Integration · 1 January 2017In 2017, Verdigris Holdings secured partnerships with leading banks to develop their core banking-as-a-service platform. These strategic partnerships enabled the company to build their foundational infrastructure for providing banking services to businesses. The bank partnerships are critical to the company's ability to offer compliant, bank-grade financial services.

Scale indicators6 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• Stripe (Issuing / Treasury): Stripe's Issuing and Stripe Treasury products offer card issuance and embedded banking on top of Stripe's global payments platform. Overlaps with Verdigris's BaaS, card programs, and API toolkit, but Stripe competes from a far larger payments-install base and brand recognition.
• Plaid: Plaid provides financial-data connectivity and increasingly embedded financial infrastructure. Adjacent to Verdigris's API toolkit and BaaS positioning, with broader brand and bank integrations but historically more focused on data than banking rails.

Direct peers

• Galileo Financial Technologies: Galileo provides a leading BaaS platform for account opening, card issuance, payments, and KYC/AML APIs. Directly comparable to Verdigris's core banking-as-a-service and card program offerings for fintech and enterprise clients.
• Marqeta: Marqeta offers modern card-issuing and processing infrastructure with an open-API platform and real-time transaction controls. Directly comparable to Verdigris's Card Programs product, including virtual/physical issuance and spend controls.
• Treasury Prime: Treasury Prime is a BaaS platform connecting fintechs to sponsor banks for embedded banking, accounts, and payments. Closely matches Verdigris's core BaaS proposition and bank-partnership-led distribution model.
• Unit: Unit is a banking-as-a-service platform offering accounts, cards, payments, and lending APIs to fintechs and brands. Direct overlap with Verdigris on BaaS, card issuance, and developer-first API toolkit.
• Finix: Finix provides payment infrastructure and embedded payments APIs for software platforms. Comparable to Verdigris on the developer/API toolkit layer and embedded financial services distribution.
• Lithic: Lithic is a card-issuing platform providing APIs for virtual and physical card creation, authorization, and transaction data. Direct competitor to Verdigris's Card Programs product targeting fintech and enterprise issuers.
• Synapse (SynapseFi): Synapse historically operated a BaaS platform offering accounts, cards, and compliance APIs to fintechs. Direct peer to Verdigris on BaaS + cards + APIs, though its market position has been disrupted by recent corporate events.

Regional players

• Solaris SE: Solaris is a European licensed BaaS provider offering banking, cards, and payments APIs across the EEA. Comparable product set to Verdigris but primarily serves European markets under its own banking license.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors2 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 Verdigris Holdings Inc