InstaSwitch @InstaSwitch
Account activation infrastructure for business banking. Backed by @chicagoventures @btv_vc @panachevc and @8bitcapital instaswitch.co United States Joined March 2026-
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@boardyai Imagine getting a brand new piggy bank, but everyone keeps putting your money in the old one. We help everyone use the new piggy bank.
@heysamir_ @rhobusiness We're cooking, updates dropping soon.
A bank or platform bringing in 1,000 new business accounts a month at $1,000 annual revenue per user generates $12M in annual revenue from that cohort. Lose 40% to activation friction and $4.8M walks out the door every year. Most teams aren't measuring it, so it doesn't show up on a board deck. It still shows up in the deposit base. Checkout our full breakdown here instaswitch.co/resources/the-…
@bankwithrelay @generalcatalyst Congratulations @bankwithrelay !!
Banks lose customers in the gap between sign-up and first deposit. @InstaSwitch is building account activation infrastructure to close it. Early customers: Arc, Relay Financial, Lettuce. We led the $4.7M seed. bit.ly/4wnbKjr
📣 We're happy to announce that we've led the $4.7M Seed round into InstaSwitch, the first account activation infrastructure built specifically for business banking that makes bank switching seamless for the 5.4 million U.S. small businesses that attempt to switch banks every year. Read more about why we invested: medium.com/chicago-ventur…
@JesseDLandry @ChicagoVentures @btv_vc @PanacheVC Thanks for the support! @JesseDLandry
Switching banks is still harder than switching entire software stacks. @InstaSwitch raised a $4.7M Seed round backed by @ChicagoVentures, @btv_vc, and @PanacheVC. Daniel West is building banking activation infrastructure that helps businesses seamlessly migrate payroll, deposits, and payments between financial institutions without operational disruption. The next fintech wave will reduce friction inside the financial system itself.
Introducing InstaSwitch. 5.4 million US businesses try to switch banks every year. 60% never finish. $72 billion in revenue disappears into that gap. The next ten years of business banking will be won on activation. The fintechs and banks that close the gap between opening an account and operating one will own the deposit base. Today we're officially launching InstaSwitch, the switching infrastructure that powers business banks to close this gap. We're live with $4.7M in seed funding led by @ChicagoVentures, with participation from @8bitcapital, @btv_vc, and @PanacheVC , alongside angel investors from Unit, Square, PayPal, and Plaid. Short video on why we built this.
@shivi1626 Thanks for the support, Shivi!
Startup Wins Funding From Chicago Ventures for A Platform That Makes It Easier For Small Businesses T... via @forbes forbes.com/sites/elainepo… @ChicagoVentures
@stuartlarkins Grateful for the support, Stuart!
We’re excited to lead InstaSwitch’s $4.7M seed round. Daniel West saw how broken bank switching was while at Unit—and built the infrastructure to fix it. Now, millions of small businesses can actually complete the switch.
📣 We're happy to announce that we've led the $4.7M Seed round into InstaSwitch, the first account activation infrastructure built specifically for business banking that makes bank switching seamless for the 5.4 million U.S. small businesses that attempt to switch banks every
The line in the @Forbes piece we won't forget: @stuartlarkins said @ChicagoVentures usually underwrites a vision, but with InstaSwitch they were underwriting a problem. The problem had data. The data had urgency. That's the way to think about this category, the activation gap isn't a vision pitch. Every bank and fintech is already losing money to it. InstaSwitch is the solution. Thank you @ElainePofeldt for the coverage. Read the full story here: forbes.com/sites/elainepo…
@pitdesi Appreciate all the support, Sheel!
@jbahrdestefano Excited to keep building together! Appreciate all the support
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