Company Insights
Total employees
7.2% from last year
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New hires (YTD)
5% of total workforce
Departments
650 in Engineering
Locations
5,012 in New York, NY
- Raistone was a working capital platform that connected investors with companies seeking financing, but it recently closed down after failing to sell its business following the bankruptcy of its major customer, First Brands, which accounted for 80% of its revenue.
- In January 2026, Raistone entered Chapter 7 bankruptcy after a proposed sale to Marblegate Asset Management fell through, leading to the winding down of operations and staff layoffs.
- The company had notable partnerships and achievements, including financing over $10 billion in business financing and winning the 'Best Embedded SME Financing Solution' at the 2025 Banking Tech Awards USA for its proprietary API, Raistone Connect.
- Ideal buyers for Raistone's services were small and medium-sized businesses seeking accessible working capital solutions, particularly in light of the recent financial challenges faced by companies reliant on traditional funding sources.
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