Who owns Found?

traditional · San Francisco, US · Partner-bank model · custody: Custodial

short answerFound is not itself a bank. It runs on a partner-bank (BaaS) model and works with Lead Bank — the licensed bank that actually holds customer deposits behind the app. Found's most notable disclosed backers include Sequoia Capital, Founders Fund and Lightspeed.

Is Found a licensed bank?

No — a partner bank (Lead Bank) holds the money. License detail: Partner bank (Lead Bank); FDIC pass-through up to $250k; formerly Piermont Bank.

Where is your money held?

Custody model: Custodial.

Found runs on: Lead Bank (BIN sponsor bank). Full stack on the infra map.

Early investors

Notable venture and strategic investors from Found's publicly disclosed funding rounds (~$70M raised).

Sequoia Capital ↗

Founders Fund ↗

Lightspeed ↗

Is my money safe with Found?

Your money is held by Lead Bank, so any deposit insurance flows through that sponsor bank — not Found itself. Check the sponsor's scheme and whether balances are "passed through" for per-customer insurance.

go deeperSee the full Found profile with every verified field, or Found 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.