Company research
Fetched today
Fragment builds a real-time, double-entry ledger and payments API for fintech engineers and companies, so they can track balances and automate billing, payments, and accounting.
- Founders
- Thomas Neckel · co-founder and CEOBefore Fragment, he and Omi Chowdhury built Scuid, an identity-management company that competed with Okta and was acquired by CA Technologies in 2014, and then built the private investment platform Cove.io.
- Omi Chowdhury · co-founder and CTOBefore Fragment, he and Thomas Neckel built Scuid, an identity-management company that competed with Okta and was acquired by CA Technologies in 2014, and then built the private investment platform Cove.io.
- Varun Mohan · CTOHe was a Robinhood engineer before Fragment.
- Thomas Neckel · co-founder and CEO
- Customers
- Whop, Ramp, Pleo, Odyssey, Basic Capital, AtoB, Nomos, BILL, Nala, TruckSmarter
- Competitors
- Modern Treasury
WHY IT MATTERS
Fragment targets a costly reliability gap in fintech: balances can drift from bank and accounting systems, forcing manual reconciliation and making it hard to close books, while its double-entry ledger is designed to keep money movement correct before it happens. That bet now has roughly 50 to 60 paying customers—including Ramp, BILL, and Whop—and a newly announced $12 million Series A to make financial building blocks safe for AI agents.
Sources
Series A$12M2026-10-141 source
Seed$9M2024-07-221 source
Investors
Series A$12M2026-10-142 investors
BoxGroup[ LEAD ]
FirstMark Capital[ LEAD ]