Settle

Settle is a Canadian fintech startup founded in 2024 and headquartered in Mississauga, Ontario, that provides banking and account services. The company operates at an early stage with 1-10 employees.

Company typePrivate
Founded2024
HeadquartersMississauga, Canada
Headcount1–10
GTM typeB2C
OfferingServices

Settle firmographics

Firmographics

Name: Settle
Website: https://trysettle.com
Company type: Private
Founded year: 2024
Operating status: Operating
Headcount range: 1–10 employees
Short description: Settle is a Canadian fintech startup founded in 2024 and headquartered in Mississauga, Ontario, that provides banking and account services. The company operates at an early stage with 1-10 employees.
Ownership category
akta.pro rank

Settle industry classification

Industry

Product category: Digital Banking
NAICS: Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
SIC: Finance Services (6199)
akta.pro primary industry: Payment Reconciliation, Reporting & Settlement Infrastructure (FSAGABAH)
akta.pro secondary industry: SME Cash Management & Payments (Merchant, ACH/Wires, Payroll) (FSABABAD)

Keywords

Banking services
Account services
Financial technology
Fintech platform
Digital banking

Where Settle is headquartered

Location

Headquarters

HQ city: Mississauga
HQ country: Canada
HQ region: North America

Markets served

Settle business model

Business model

GTM type: B2C
Offering type: Services
Cost components: Personnel, Technology or R&D, Operations

Settle product offering

Product offering

Core offering

Settle is a fintech company that provides banking and account services. The company operates as a for-profit private entity founded in 2024, headquartered in Mississauga, Canada, with a small team of 1-10 employees. No further detail on specific banking or account products is available in the supplied source material.

Differentiator

Problem solved

Functional benefit

Companies that use Settle

Customer profile

Ideal customer profiles1 record

Settle technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Settle competitors and assessment

Company assessment

Direct peers

Increase: Increase offers bank account, ACH, wire, and card issuing APIs aimed at fintechs and businesses. It is a direct competitor in the embedded banking and account-services category.
Dwolla: Dwolla is a payment infrastructure platform focused on ACH transfers, account verification, and money movement APIs. It is a direct comparable to a settlement and banking-services fintech.
Column (Column Bank): Column is a bank-as-a-platform offering developer APIs for bank accounts, cards, and money movement. It competes directly with banking-and-account-services fintechs like Settle.
Unit: Unit is a banking-as-a-service platform that lets companies embed bank accounts, payments, and lending. It is a direct comparable to a fintech providing banking and account services infrastructure.
Treasury Prime: Treasury Prime is a banking infrastructure API platform connecting fintechs and banks for account, payment, and ledger services. It directly overlaps with the banking-and-account-services positioning of Settle.
Modern Treasury: Modern Treasury provides payment operations software including reconciliation, money movement, and settlement workflows for businesses. It is one of the closest direct peers to a 'Settle' brand positioned around banking and settlement services.

Regional players

Koho: Koho is a Canadian fintech providing banking-adjacent account, spending, and financial management services. It is a regional Canadian peer in the banking and account services category.
Wealthsimple: Wealthsimple is a major Canadian fintech offering banking, investing, and account services to consumers and businesses. It is a regional comparable based in Canada with adjacent banking-services offerings.

Broad incumbents

Plaid: Plaid provides connectivity between bank accounts and fintech applications, enabling payments, balance, and transaction data flows. It is a broad incumbent whose infrastructure Settle would either complement or compete with.
Stripe: Stripe is a global payments and financial infrastructure platform offering payment processing, treasury, and banking-adjacent services. It is comparable to Settle as a broad incumbent in payment and account infrastructure that any settlement-focused fintech must contend with.

Market position

Customer concentration

Settle financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Settle leadership team

Management profile

Number of profiles

Settle funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Settle M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Settle

What does Settle do?

When was Settle founded?

Settle was founded in 2024. It employs 1 to 10 people.

Where is Settle based?

Settle is headquartered in Mississauga, Canada, in the North America region.

Who are Settle's main competitors?

Direct peers on record are Increase, Dwolla, Column (Column Bank), Unit, Treasury Prime and Modern Treasury. Regional players are Koho and Wealthsimple. Broad incumbents are Plaid and Stripe.

Does Settle have an API?

No public API is recorded for Settle.

What industry is Settle in?

Settle's product category is Digital Banking. Its primary akta.pro industry code is FSAGABAH, Payment Reconciliation, Reporting & Settlement Infrastructure, with a secondary code of FSABABAD, SME Cash Management & Payments (Merchant, ACH/Wires, Payroll). Its NAICS code is 522320 and its SIC code is 6199.