RegTech / BraidFi

RegTech / BraidFi

Braid FI (Braid Technologies, Inc.) is a B2B cloud-based payment and digital banking infrastructure provider built specifically for community banks and credit unions. It allows smaller financial institutions to launch their own fintech partnerships and digital payment services in-house without relying on third-party Banking-as-a-Service (BaaS) middleware. [1, 2, 3, 4, 5]

Key Features and Capabilities

• Sidecar Core Architecture: Braid's ledger and virtual accounts operate alongside a bank's existing core banking system, preventing the need for complex, time-consuming "rip-and-replace" migrations. [1, 2]

• Payment Processing: Grants banks direct, API-enabled access to real-time networks including ACH, Fedwire, FedNow, and RTP. [1, 2, 3]

• Fintech Sponsorship: Enables institutions to partner directly with fintech startups, payment service providers (PSPs), and developers to issue cards and launch financial products. [1, 2, 3]

• Compliance and Control: Because it is designed to run in-house, banks maintain full ownership of data, compliance, identity verification, and transaction monitoring. [1]

Company Background

• Founded: 2022 by Randy San Nicolas (CEO) and Jake Zhu in Santa Clara, CA.

• Mission: To help smaller, community-focused financial institutions reclaim deposit and fee income that typically flows to larger banks and conventional BaaS intermediaries.

• Backers: Supported by venture capital and investors including Portage Bancshares, Redbud VC, Greylock Scout Fund, and Autopilot Fund. [1, 2, 3, 4, 5]