US-based fintech startup Deposits raised $5M in seed funding to develop its platform. The funding round led by ATX Venture Partners also included Cabal Fund, Lightspeed Venture Partners, and others.  The Dallas-based finance startup, co-founded by Joseph Akintolatyo and Daniel Paramo, is a cloud-based fintech platform that helps credit unions, community banks, insurers, retailers, and brands seamlessly implement digital banking tools onto their platforms. The program also allows companies to put together a package of financial features, including mobile apps, debit and credit accounts, virtual cards, peer-to-peer payments, and lending. Akintolatyo and Paramo launched Deposits