InstaSwitch

Summary active Updated May 6, 2026

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Location New York, NY
Founded 2025
Latest Stage Seed
Total Raised $4.7M
Website https://www.instaswitch.co
Sector
fintech banking-infrastructure agentic-ai

Investors

Better Tomorrow Ventures seed (2026)

Founders

Daniel West Founder & CEO

About

InstaSwitch is a fintech infrastructure platform that automates account-switching workflows for business banking institutions, founded in 2025 by Daniel West 12. The company is headquartered in New York with an office in Chicago 1. InstaSwitch’s product moves payroll, income platforms, vendor payments, and client direct deposits between banks using an agentic AI execution model, with the goal of converting opened business accounts into active primary banking relationships 12. According to the company, approximately 5.4 million U.S. small businesses attempt to switch bank providers each year and most never complete the move 1.

Funding History

Date Round Amount Lead Co-investors
2026-05-05 Seed $4.7M Chicago Ventures 8-Bit Capital, Better Tomorrow Ventures, Panache Ventures 123

What Investors Say

“Billions of dollars in business banking revenue walk out the door every year through accounts that open and never activate.” — Stuart Larkins, General Partner, Chicago Ventures 2

What Founders Say

“The account opening is not the win. The win is the primary relationship which only happens when the money actually moves.” — Daniel West, Founder & CEO, InstaSwitch 1

Sources

  1. GlobeNewswire, “InstaSwitch launches account activation infrastructure for business banking and announces $4.7M in funding,” May 5, 2026. https://www.globenewswire.com/news-release/2026/05/05/3287812/0/en/InstaSwitch-launches-account-activation-infrastructure-for-business-banking-and-announces-4-7M-in-funding.html↩↩↩↩↩↩

  2. Tech Funding News, “InstaSwitch lands $4.7M from Chicago Ventures, 8-Bit Capital to fix inactive business bank accounts with AI,” May 2026. https://techfundingnews.com/instaswitch-lands-4-7m-from-chicago-ventures-8-bit-capital-to-fix-inactive-business-bank-accounts-with-ai/↩↩↩↩

  3. AlleyWatch, “The AlleyWatch Startup Daily Funding Report: 5/5/2026,” May 5, 2026. https://www.alleywatch.com/2026/05/the-alleywatch-startup-daily-funding-report-5-5-2026/↩