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Knot is purpose-built for leading financial institutions and merchants.

Make switching to your bank easy, and be the go-to card everywhere.

Bundle Knot with your core banking as a service products.

Enable instant account creation to capture lucrative spends.

Prevent declined payments when people switch banks.

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NEW YORK, Aug. 3, 2023 /PRNewswire/ &#8212; <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3935487-1&amp;h=269551611&amp;u=https%3A%2F%2Fknotapi.com%2F&amp;a=Knot" target="_blank" rel="nofollow noopener">Knot</a>, the platform that enables card issuers to automatically switch saved payment methods at the request of their users, announced today a $10 million Series A raise led by Nava Ventures, with participation from Amex Ventures, Plaid, and 20+ world-leading CEOs and founders. The funding will be used to scale Knot&#8217;s services and accelerate the expansion of its merchant support.

Rory O'Reilly

Since launching, Knot has been a <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3935487-1&amp;h=326061230&amp;u=https%3A%2F%2Fknotapi.com%2Fproducts%2Fcard-switcher&amp;a=go-to+solution" target="_blank" rel="nofollow noopener">go-to solution</a> for card issuers looking to increase user spend and reduce churn. Knot&#8217;s API offers card issuers the ability to instantly update card-on-file information at almost any merchant with just a few lines of code, meaning an easier onboarding experience for consumers, and more revenue and retention for the bank.

Matt Sueoka

With this funding, Knot plans to expand its merchant support even further, aiming to ultimately encompass virtually all online merchants. Knot will also use this funding to scale additional products such as the Knot Subscription Canceller and Account Creator, to help financial institutions seamlessly integrate into their customer&#8217;s digital lives. This commitment to broad support reflects Knot&#8217;s dedication to improving payment processes for businesses and consumers alike, and to maintaining a customer-first approach in all its operations.
About Knot:
Knot is a leading fintech company specializing in card-on-file management. It offers a secure, user-friendly solution for businesses to automatically switch saved payment methods at the request of their users. With Knot, card issuers can update card-on-file information instantly and seamlessly, enhancing the customer experience and driving increased interchange revenue from day one.
SOURCE Knot

CardSwitcher™

Knot Closes $10m Series A Led by Nava Ventures To Transform Card-on-file Management

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