Stilt

Stilt, also known as Onbo, provided a platform that empowered businesses to introduce credit products to the market independently, without the traditional requirement of a bank sponsor. Their core offering consisted of APIs designed to streamline and abstract the intricate processes associated with launching and managing credit products. These APIs addressed critical aspects such as navigating licensing requirements, ensuring regulatory compliance, performing underwriting assessments, managing loan portfolios, handling credit reporting obligations, and securing debt capital. Stilt received financial backing from prominent fintech investors, including Y Combinator, Link Ventures, Hillsven Capital, and Petrushka Investments, which has a history of investing in successful fintech companies.