Who owns Fold?
short answerFold is not itself a bank. It runs on a partner-bank (BaaS) model, where a licensed sponsor bank holds the deposits behind the app while Fold builds the product and interface. Fold's most notable disclosed backers include Craft Ventures.
Is Fold a licensed bank?
No — it runs on a sponsor bank (BaaS model). Licence detail: Partner bank (Sutton Bank) issues Fold Visa prepaid card; BTC via Fortress Trust, BitGo-insured custody.
Where is your money held?
Custody model: Custodial.
No sponsor bank or infrastructure provider is publicly documented for Fold yet. Know one? Suggest it.
Who's behind Fold?
Fold was founded by Will Reeves (2019), headquartered in Phoenix, US.
Early investors
Is my money safe with Fold?
Deposits are held by Fold's sponsor bank, so any insurance flows through that bank rather than Fold. Check which sponsor holds your balance and whether it is passed through for per-customer coverage.
go deeperSee the full Fold profile with every verified field, or Fold alternatives. Raw fields: data.json.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.