Banyan is a receipt data platform that helps businesses unlock and use item-level purchase information to create commercial and consumer solutions. Its privacy-first infrastructure connects merchants, banks, fintechs, commerce platforms, and other partners through a secure data collaboration system. Banyan ingests merchant receipt data and financial transaction data, cleans and matches records using de-identified information, then delivers permissioned data for specific use cases.

The platform supports loyalty and performance marketing, enhanced card-linked offers, personalized card rewards and benefits, fraud and dispute management, expense management, and item-level payment reconciliation. These applications can help partners improve offer targeting and measurement, engage customers, streamline operations, and gain clearer insight into transactions. Banyan emphasizes simpler integrations, faster launches, and a single connection that can support solutions across multiple partners.

The company reports processing more than 21 billion receipts and 36 billion receipt items, with data spanning 40,000 merchant stores and 5,000 financial institutions globally.