Founded by Fintech veterans behind Fintech Tradecraft and Leviathan DataWorks, Chisel offers a build-to-own model that replaces fragile middleware with direct, lasting control.
LEHI, Utah–(BUSINESS WIRE)–#BaaS–Founded by Fintech industry veterans who merged Fintech Tradecraft and Leviathan DataWorks, Chisel is emerging from stealth mode to reimagine how companies build their financial future. Chisel provides companies with software, regulatory, and bank compliance expertise, as well as direct connections to certified network processors, banks, and payment networks that accelerate the design and launch of debit, credit, and payment programs, with full compliance and end-to-end ownership. The new funding will be used to accelerate ChiselCore, the company’s flagship technology platform that offers modular components for payments, banking, lending, regtech, and compliance. ChiselCore integrates directly with sponsor banks and brand networks, without relying on intermediaries, allowing companies to build an actual asset, not rent a solution.
Most companies launching and rewiring their financial stack today still rely on middleware providers to connect with banks and payment networks. While this approach offers speed to market, it also creates fragility: the provider owns the software, the compliance frameworks, and the direct bank/network/processor contracts.
When that middle layer breaks, businesses are left stranded and customers lose trust. Recent industry disruptions have shown how damaging breakdowns can be – consumers locked out of funds and companies scrambling to rebuild their programs. Regulators have since tightened expectations, pushing banks to directly contract with companies toward models where they have direct ownership and visibility. This dependency on rented infrastructure has become one of the biggest risks facing companies across industries.
“I’ve spent my career watching the wrong infrastructure decisions slow companies down, add unnecessary costs, and keep them from serving customers the way they should. Regulators and banks now expect fintech companies to have direct ownership of their technology. When you give up control of your core infrastructure to third-party providers, you’re not just outsourcing technology, you’re outsourcing your future. You end up building your business on someone else’s roadmap, someone else’s timeline, and someone else’s priorities. And when that provider stumbles, it quickly becomes your problem. Further, when you grow to an efficiency point that it makes more sense to bring it in-house, you are stuck with the provider and out of options to take control,” said Darin Petty, CEO of Chisel and former executive at Galileo, WebBank, and Pomelo.
Chisel’s approach brings together four areas of expertise that companies need to succeed. Its technology solution spans across apps, APIs, backend development, IVRs, file migration analytics, and data warehouses, giving companies tools to build and adapt their products. Through its curated network, Chisel offers direct access to banks and payment providers, along with pricing leverage and execution experience that are difficult to secure independently. Chisel’s program management capabilities ensure direct ownership of their financial programs, while also embedding compliance, training, operations, and talent to keep them running smoothly. With Chisel consulting, companies gain support on strategy, forecasting, partner introductions, and ongoing guidance. Together, these capabilities create a complete white-labeled stack that companies can own and scale with confidence.
“Launching financial products has long been a privilege reserved for those willing to endure years of regulatory hurdles, technical headaches, and high costs,” said Tiffany Haynes, Board Member at Chisel. “Chisel is rewriting that playbook. Their traction across payments, fintech, retail, gaming, and digital services shows just how universal the need is. They are helping companies build faster products and shift the center of gravity in financial technology, putting ownership back into the hands of companies. That’s the kind of transformation that defines the next generation of market leaders.”
Chisel has built direct relationships with the institutions that matter most — from leading banks and card networks like Visa, Mastercard, Discover, Stride, Coastal Community Bank, and WebBank, to technology providers including Galileo, Lithic, Marqeta, FIS, and Twilio. With these and many more connections and partners, Chisel gives companies the foundation to launch finance products with confidence. Whether it’s a retailer creating a branded card, a gaming platform enabling real-time payouts, or a digital service embedding payments, Chisel ensures they can design, launch, and own their products and processes end-to-end. By replacing fragile and rented middleware with its build-to-own model, Chisel not only matches the accelerated timelines promised by the middleware providers, but also educates, collaborates, and strategizes with each partner who will own the program, setting everyone up for success.
About Chisel Technologies
Chisel is redefining how companies build and own their financial technology stack. Founded by the teams behind Fintech Tradecraft and Leviathan DataWorks, the company combines software, regulatory expertise, and direct relationships with banks, card networks, and processors to help businesses launch and scale financial products with confidence. Its flagship platform, ChiselCore, provides modular components for payments, lending, banking, and compliance. Chisel’s leadership includes veterans from Galileo, WebBank, Pomelo, and other financial innovators, bringing decades of experience navigating the complexities of payments and banking infrastructure. With established partnerships across Visa, Mastercard, Discover, WebBank, Coastal Community Bank, The Bancorp, Galileo, Marqeta, and FIS, Chisel empowers organizations’ design, launch, and fully own their financial future. Learn more at gochisel.com.
Contacts
Media Contact:
Darin Petty, CEO
Chisel
Phone: (385) 484-0679
Email: [email protected]
Website: gochisel.com
