What is Daylight?
Founded in 2020, Daylight operates at the intersection of fintech and social impact. By offering banking solutions that reward users for spending in alignment with their personal values, the company addresses specific financial pain points faced by the LGBT+ community. Daylight has positioned itself as a critical player in the inclusive finance landscape, leveraging technology to provide equitable access to banking tools. Its market position is reinforced by a robust ecosystem of partners who prioritize both financial performance and social equity, allowing the company to scale its operations while maintaining a distinct brand identity in a crowded digital banking market.
How much funding has Daylight raised?
Daylight has raised a total of $20M across 2 funding rounds:
Angel/Seed
$5M
Other Financing Round
$15M
Angel/Seed (2021): $5M with participation from Precursor Capital, Anthemis Group, Citi, Kapor Capital, Financial Venture Studio, and Clocktower
Other Financing Round (2022): $15M led by CMFG Ventures, Kapor Capital, Anthemis Group, and Gaingels
Key Investors in Daylight
CMFG Ventures
TruStage Ventures is the venture capital arm of TruStage, dedicated to accelerating fintech growth by funding innovators in the financial services sector.
Anthemis Group
Founded in 2010 and headquartered in London, UK, Anthemis cultivates change in financial services by investing in, growing, and sustaining businesses.
Gaingels
Gaingels is the leading investment syndicate in support of and representing the LGBTQ community and allies in the venture capital space.
What's next for Daylight?
With this major enterprise-level funding, Daylight is well-positioned to accelerate its product roadmap and expand its user base. The strategic focus will likely shift toward enhancing its core banking infrastructure and deepening engagement through value-aligned rewards programs. As the company moves beyond its initial growth phase, the focus will remain on scaling its operations to meet the needs of a broader demographic while maintaining the trust and loyalty of its core community. The involvement of seasoned venture capital firms suggests a long-term trajectory aimed at achieving sustainable growth and potentially disrupting traditional banking models through specialized, community-centric financial products.
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