Fragment offers a real‑time, programmable ledger API that acts as a database for money, enabling fintechs, brokers, and marketplaces to manage multi‑currency balances, payments, and billing with sub‑second latency. The platform centralizes accounts across banks, cards, wallets, and payment rails, automating reconciliation and providing built‑in tools for schema‑driven account hierarchies, invoicing, and integration with ACH, FedNow, RTP, wire, and stablecoins.
Funding
$9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
2OBSFounders
Product
Problem
Fintech platforms, brokers, and marketplaces often rely on traditional databases to track complex, multi‑currency money movements, leading to high operational overhead, reconciliation errors, and slow product development.
Solution
Fragment provides a real‑time, programmable ledger API that serves as the database for money. It centralizes balances across banks, cards, wallets, and payment rails, delivering low‑latency reads and high‑throughput writes. The platform automates reconciliation, supports multi‑currency and stablecoin transactions, and offers built‑in billing and clearing‑account models. Engineers can define custom schemas, simulate scenarios, and collaborate via a multiplayer dashboard, reducing the time needed to ship financial features from months to weeks while maintaining regulatory compliance.
Target Audience
Primary customers are fintech companies, digital brokers, and online marketplaces that need a reliable, programmable ledger to manage real‑time balances, multi‑currency transactions, and automated billing.
Features
- Real‑time ledger with sub‑second read latency and scalable write throughput
- Multi‑currency and stablecoin support (e.g., USDC, USDT) with dynamic currency resolution
- Schema‑driven account hierarchy, clearing accounts, and reversible entry migrations
- Built‑in multi‑party billing and invoice versioning for complex payment flows
- Multiplayer dashboard for concurrent schema editing and scenario testing
- Comprehensive SDKs (including Go v3) and CLI tools for schema verification and data migration
- API filters, tagging, and timestamp metadata for precise ledger queries
- Integration hooks for ACH, FedNow, RTP, wire, and blockchain‑based payments