Onsetto, a Minneapolis-based fintech platform for financial institutions, announced April 28, 2026, that it raised $9 million in Seed II funding led by Canapi Ventures,
Onsetto, a Minneapolis-based fintech platform for financial institutions, announced April 28, 2026, that it raised $9 million in Seed II funding led by Canapi Ventures, with participation from existing investors EJF Ventures, Idea Fund of La Crosse, and The Perch Fund also participated.
The Minnesota startup helps financial institutions win and activate business banking relationships by guiding the transition of payroll, receivables, payables, and operating activity into new accounts. Onsetto describes the process as “structured activation,” using AI-guided workflows to coordinate business account switching and help banks grow business deposits.
The announcement comes about four months after Onsetto announced that it raised a $2.2 million seed round led by EJF Ventures on Jan. 8, 2026.
The company said the new funding will be used to expand its platform capabilities, grow its team, and accelerate adoption among financial institutions nationwide.
Onsetto is led by founder and CEO Cale Johnston, who previously founded ClickSWITCH, a consumer account-switching platform acquired by Q2 Holdings.
Read the announcement here
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