Basis
Basis is a B2B fintech API platform that provides financial service providers with access to SMB and Commercial US business banking data through a REST API and no-code dashboard. The platform connects to six major US banks and powers credit, risk, accounting, and CFO workflows.
- Company typePrivate
- Founded2022
- HeadquartersSan Francisco, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Basis does
Basis (legally Basis Data Solutions, Inc.) is a B2B fintech API platform that provides financial service providers with programmatic access to SMB and Commercial business banking data in the United States. Founded in 2022 and headquartered in San Francisco, the company offers two products: the Basis API, a REST API with OAuth integration for developers, and Basis Backoffice, a no-code dashboard that exposes the same functionality to non-technical users. The platform connects to six major US financial institutions (Bank of America, Wells Fargo, JPMorgan Chase, Brex, Mercury, and SVB Financial Group) and powers use cases including credit underwriting, risk monitoring, accounting automation, CFO automation, and business payments.
The platform's technical differentiators include Managed Connections that automatically re-authenticate accounts to prevent breakage from MFA resets or password changes, Profile Attachments that surface PDF statements and check images for audit-ready documentation, Business-Only ACH Connections that avoid consumer payment regulations, and high-fidelity transactional data with rich context. These capabilities are positioned as built from the ground up for business use cases rather than consumer data repurposed for business. The company targets exclusively US business entities per its Terms of Service.
Basis operates a three-tier subscription pricing model: a free Lite tier with 5 Live Profiles for MVP development, a Core tier with unlimited Live Profiles at standard pricing, and a Custom tier with tailored pricing under multi-year enterprise contracts. Beta Products are available on all paid tiers. The go-to-market motion combines API-first direct sales for enterprise customers with product-led growth via the freemium tier for developer adoption. The company is venture-backed by 8VC and Menlo Ventures, was co-founded by Mike DeFeo and Jesse Dhillon, and operates with a small team of 1–10 employees.
Basis firmographics
Firmographics- Name
- Basis
- Legal name
- Basis Data Solutions, Inc.
- Website
- https://usebasis.co
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Basis is a B2B fintech API platform that provides financial service providers with access to SMB and Commercial US business banking data through a REST API and no-code dashboard. The platform connects to six major US banks and powers credit, risk, accounting, and CFO workflows.
- Ownership category
- akta.pro rank
Basis industry classification
Industry- Product category
- Financial Data API Infrastructure
- NAICS
- Trust, Fiduciary, and Custody Activities (523991)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Data Distribution, Connectivity & Market Data Platforms (Entitlements, Normalization, APIs) (FSAFAIAJ)
- akta.pro secondary industry
- Customer Permissioning & Consent Management (OAuth, scopes, revocation) (FSAGACAC)
Keywords
Where Basis is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Basis business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- API Platform Subscription: Tiered subscription model with Lite (free), Core (standard pricing), and Custom (tailored pricing) plans. The platform provides financial data management services to business users, with pricing based on profile volume and feature access.
- Enterprise/Custom Contracts: Custom pricing structures for unique requirements, suggesting enterprise-level contract negotiations with financial service providers requiring specialized configurations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Lite - Free to start, Build your MVP |
| Subscription | Monthly | Core - Scale your product with Standard Pricing |
| Subscription | Multi-year contract | Custom - Unique requirements with Tailored Pricing Structures |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Basis product offering
Product offeringCore offering
Basis provides a B2B financial data API platform that enables financial service providers to access SMB and Commercial business banking data including transactions, account information, statements, PDF documents, and check images. The platform offers two primary offerings: a REST API with OAuth integration for developers, and a no-code dashboard (Basis Backoffice) for non-technical teams.
Product overview
Basis is a financial data management platform consisting of two main products: the Basis API (REST API with OAuth integration) for programmatic access to SMB and Commercial business banking data, and Basis Backoffice (no-code dashboard) providing the same functionality without coding. The platform connects to financial institutions to retrieve account information, transactions, statements, and attachments (PDFs, check images) to power use cases including CFO automation, credit underwriting, risk monitoring, accounting automation, and business payments. Pricing tiers include Lite (free, 5 profiles), Core (standard pricing, unlimited profiles), and Custom plans with tailored pricing. Beta products are available on all paid tiers.
Differentiator
Problem solved
Functional benefit
Products and services
- Basis API Developer-facing REST API with OAuth integration that gives fintech builders access to business banking data (transactions, balance, statements, check images) for SMB and commercial accounts. Designed for financial service providers such as lenders, fintechs, and accounting software firms.
- Basis Backoffice No-code dashboard that provides non-technical users within financial service providers access to the same SMB and commercial business banking data available through the Basis API, without requiring engineering resources.
Companies that use Basis
Customer profileSegments2 records
Ideal customer profiles2 records
Basis technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature5 records
Basis partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- Bank of AmericacoreFinancial institution integrated as a data source within the Basis platform for accessing SMB and Commercial business banking data.
- Wells FargocoreFinancial institution integrated as a data source within the Basis platform for accessing SMB and Commercial business banking data.
- ChasecoreFinancial institution integrated as a data source within the Basis platform for accessing SMB and Commercial business banking data.
- BrexcoreFinancial institution integrated as a data source within the Basis platform for accessing SMB and Commercial business banking data.
- MercurycoreFinancial institution integrated as a data source within the Basis platform for accessing SMB and Commercial business banking data.
- SVB Financial GroupcoreFinancial institution integrated as a data source within the Basis platform for accessing SMB and Commercial business banking data.
Scale indicators2 records
Recent moves1 record
Expansion highlights5 records
Basis competitors and assessment
Company assessmentDirect peers
- Plaid: Plaid is the dominant US open-banking data aggregation platform offering REST APIs for bank account, transaction, and identity data access. It is the most direct competitor to Basis, covering similar SMB and consumer banking integrations, though historically more consumer-led and now expanding into business/commercial.
- MX: MX provides financial data aggregation, cleansing, and enrichment APIs serving fintechs, banks, and credit unions across consumer and SMB accounts. Comparable to Basis as a developer-first data platform powering account connectivity and transaction categorization for financial service providers.
- Finicity (Mastercard): Finicity, now part of Mastercard, offers bank-data aggregation APIs with a focus on lending, credit decisioning, and asset verification. Overlaps with Basis's underwriting and risk-monitoring use cases, and provides competing direct bank integrations.
- Yodlee (Envestnet): Yodlee is one of the longest-standing bank-data aggregation platforms, now within Envestnet, offering transaction data, account verification, and risk analytics to financial institutions and fintechs. Competes head-on with Basis for SMB/commercial banking data customers.
- Akoya: Akoya provides a bank-direct data-access network (vs. screen-scraping) for financial institutions and fintechs in the US. It competes in the same open-banking connectivity layer as Basis and emphasizes security and consent for FIs.
Emerging players
- Finch: Finch is a developer-first payroll and employment data API used by SMB-focused fintechs. It overlaps with Basis in the SMB data-aggregation-for-fintech niche, though anchored to payroll/employer systems rather than bank accounts.
- BridgeFT: BridgeFT provides financial-data aggregation and account opening APIs aimed at wealthtech and fintech use cases. Adjacent to Basis in developer-first bank-data distribution, though weighted toward investment/account aggregation rather than SMB bank transactions.
- Canopy (Canopy Tax / Canopy Connect): Canopy Connect offers a financial-data API for consumer and small-business bank, insurance, and tax data, targeting insurance and fintech verticals. Comparable architecture (API + bank connections) and adjacent customer use cases to Basis.
- FinGoal: FinGoal focuses on bank-data connectivity and enrichment for consumer/SMB fintech use cases including account verification and transaction categorization. Adjacent competitor in the developer-first financial data API space.
Regional players
- TrueLayer: TrueLayer is a leading open-banking API platform headquartered in the UK, serving financial institutions and merchants across Europe. It is comparable to Basis in API-first bank data access for payments and risk but operates primarily outside the US.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Basis social profiles
Digital presenceBasis financial estimates
Financial estimateRevenue estimate
Valuation estimate
Basis leadership team
Management profileNumber of profiles
Profiles2 records
Basis funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Basis M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Basis
What does Basis do?
Basis provides a B2B financial data API platform that enables financial service providers to access SMB and Commercial business banking data including transactions, account information, statements, PDF documents, and check images. The platform offers two primary offerings: a REST API with OAuth integration for developers, and a no-code dashboard (Basis Backoffice) for non-technical teams.
Is Basis a public or private company?
Basis is a private company. It is classified as venture growth investor backed and is currently operating.
When was Basis founded?
Basis was founded in 2022. It employs 1 to 10 people.
Where is Basis based?
Basis is headquartered in San Francisco, United States, in the North America region.
How does Basis make money?
Two revenue lines are on record. API Platform Subscription is the primary driver. The others are enterprise/Custom Contracts.
Who are Basis's main competitors?
Direct peers on record are Plaid, MX, Finicity (Mastercard), Yodlee (Envestnet) and Akoya. Emerging players are Finch, BridgeFT, Canopy (Canopy Tax / Canopy Connect) and FinGoal. TrueLayer is listed as a regional player.
Does Basis have an API?
Yes. Basis provides a REST API that enables Financial Service Providers to access business financial data from SMB and Commercial accounts. The API connects to financial institutions and provides transaction data, account information, statements, and attachments including PDF statements and check images. OAuth integration is supported for authentication. The platform also offers a no-code dashboard (Basis Backoffice) as an alternative to API integration. Pricing tiers include Lite (free, 5 Live Profiles), Core (unlimited Live Profiles), and Custom plans. Beta products are available on all paid tiers. Developer documentation is at docs.usebasis.co.
What industry is Basis in?
Basis's product category is Financial Data API Infrastructure. Its primary akta.pro industry code is FSAFAIAJ, Data Distribution, Connectivity & Market Data Platforms (Entitlements, Normalization, APIs), with a secondary code of FSAGACAC, Customer Permissioning & Consent Management (OAuth, scopes, revocation). Its NAICS code is 523991 and its SIC code is 6199.