# Cari

> Bank-governed tokenized-deposit network so regional banks can move programmable money inside the regulatory perimeter.

## Why it is interesting

September 2, 2026 $32.5M first tranche of initial external funding — every dollar from chartered banks (design partners plus Glacier) — turning prospective production users into owners of shared rails competing with nonbank stablecoins.

## Profile

- **Latest funding:** Initial external (first tranche) — $32.5M (September 2026)
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** $33M
- **Stage:** seed
- **Status:** private
- **Industries:** fintech, crypto-web3, enterprise-saas
- **Coverage:** full
- **Last updated:** 2026-09-07
- **Latest funding investors:** First Horizon Bank, Huntington Bank, KeyBank, M&T Bank, Old National Bank, SouthState Bank, Glacier Bank

## Key facts

- $32.5M first tranche — 100% bank-funded (company / FF News, Sep 2026)
- Design partners: First Horizon, Huntington, KeyBank, M&T, Old National, SouthState (+ Glacier)
- 30+ banks on network; 40+ in talks; company cites >$10T combined assets in pipeline
- Production not yet confirmed — pilot mint/transfer/burn live

## Funding history

- Initial external (first tranche) · $32.5M · September 2026
  Source: https://ffnews.com/news/cari-raises-over-30-million-in-first-tranche-of-initial-funding-round-backed-ent-0c227005

## Related articles

- https://venturecapitaltracker.com/2026-cari-32-5m-bank-funded-tokenized-deposits
- https://venturecapitaltracker.com/2026-september-6-7-investment-news-space-fintech-creator

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** September 7, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/cari