Cordant, a command centre platform for payments companies, FinTechs and banks operating across fragmented financial infrastructure, has emerged from stealth with an $8m seed round.
The investment was co-led by Motive Partners and Oak HC/FT, with participation from Bankless VC, FJ Labs, SignalFire, Quona, Next Stage, Selah Ventures, Flatironx, Nascent Ventures, Silvercircle Ventures and Generative Ventures. The capital will be used to move the system into production and switch on the firm’s private beta clients.
The company was set up by Eric Rosenthal, Lior Levitt, Sagi Ittah and Juan Jose Huezo, all former leaders at Rapyd, where they oversaw commercial strategy, product, engineering, sales and partner engineering. During their time there, the group helped scale the firm’s infrastructure into over 50 countries and beyond 100 partner integrations as revenues surpassed $1bn.
The idea for Cordant came from the challenge of working out what had gone wrong when disparate systems lacked a shared picture of events.
Cordant’s platform pulls in signals from payment rails, bank accounts, ledgers, and compliance and risk systems, standardising them into a single event model. This gives operations, compliance, treasury and audit teams a unified view of activity across their environment without the platform holding funds, replacing core systems or forcing data centralisation. It can spot control gaps and contradictions, coordinate exception workflows and generate audit-grade evidence of how a transaction travelled, who acted and which controls applied.
Cordant CEO and co-founder Eric Rosenthal said, “Money moves in real time, but understanding where a transaction went, which systems and partner acted, who authorized it and whether the records agree still depends on weekly and monthly reporting.
“We built the layer that was missing; one that shows how a transaction moved across all the systems involved or where the hand-off across systems and teams breaks down. That is the gap Cordant closes.”
Motive Partners partner, venture Harsh Govil said, “Financial institutions are adding new payment rails faster than they can keep a single, trusted view across them.
“What gets missed is that every new rail adds another layer of operational and compliance complexity, one more system to reconcile by hand instead of trusting that a payment settled the way it was supposed to. That gap only compounds as institutions push new rails and AI into regulated workflows, and it is the gap Cordant was built to close. We backed a team that has lived this problem and is focused on solving it.”
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