Onyx Private
Onyx Private is a modern digital-first private banking platform designed for affluent customers, offering a comprehensive super app that integrates banking, investments, and wealth management. The platform allows financial institutions to launch or enhance their private banking services with customizable solutions, including digital onboarding, investment portfolios, and wealth management tools. Onyx differentiates itself through its focus on a seamless user experience, advanced security features, and a low-touch wealth management solution powered by AI. The company targets young, affluent customers and small to medium-sized businesses, providing them with a modern banking experience that includes personalized financial recommendations and attractive member benefits.
Onyx Private
Onyx Private is a modern digital-first private banking platform designed for affluent customers, offering a comprehensive super app that integrates banking, investments, and wealth management. The platform allows financial institutions to launch or enhance their private banking services with customizable solutions, including digital onboarding, investment portfolios, and wealth management tools. Onyx differentiates itself through its focus on a seamless user experience, advanced security features, and a low-touch wealth management solution powered by AI. The company targets young, affluent customers and small to medium-sized businesses, providing them with a modern banking experience that includes personalized financial recommendations and attractive member benefits.
TL;DR
What they do: Digital-first private banking and investments super-app; white-label platform for banks and credit unions
Target customers: Affluent Millennials and Gen Z; banks and credit unions (B2B)
Funding: $4.1M seed announced May 22, 2023
Recent shift: Discontinued retail banking accounts and pivoted toward B2B white-label platform (March 2024)
Company Overview
Problem Domain
Fintech — private banking and wealth management; white-label banking platform
Industry
Financial technology (fintech), digital private banking
Funding Track Record
$4.1M
Investors named include Y Combinator, Village Global, Global Founders Capital, One Way Ventures, 186 Ventures, Olive Tree Capital
Investor Signal
“Backed by YC and notable seed investors (Village Global, Global Founders Capital, One Way Ventures, 186 Ventures, Olive Tree Capital)”