aVenture · Feb 2024
Third-party company profile reiterating Coil's 2022 founding, San Francisco base, $500K raised in April 2023, and very small team size.
Public company, workplace, funding, and market signals
Updated Jul 30, 2026
YC-backed San Francisco fintech that helps merchants and subscription businesses replace credit cards with bank payments (ACH/RTP) to reduce processing fees and card-decline churn.
Primary product
Pay with coil bank-payment checkout button / pay-by-bank payment flow
Founded
2022
Headquarters
San Francisco, California, United States
Team size
1-10
Industry
Financial Services
Sub-industry
Payments / pay-by-bank infrastructure
Business model
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Stage
Pre-Seed
Total raised
$500K
Latest round
Pre-Seed · Apr 2023
Latest amount
$500K
Apr 2023 · Y Combinator
Small YC-backed team of industry veterans focused on making bank payments easier for merchants.
Differentiators
Technology
Customers
aVenture · Feb 2024
Third-party company profile reiterating Coil's 2022 founding, San Francisco base, $500K raised in April 2023, and very small team size.
HireTop · Jul 2023
Profile article summarizing Coil as a San Francisco startup founded by Eleazar Vega-Gonzalez and Ryan Hall, focused on bank payments for subscription businesses.
Y Combinator · Feb 2023
Official launch announcing Coil's pay-by-bank product, its ACH/RTP approach, Plaid integration, and the goal of reducing fees and churn from credit card declines.
LinkedIn · Feb 2023
Eleazar announced Coil with Ryan Hall, describing the product as a simpler pay-by-bank solution and noting Y Combinator backing.