Security is the foundation we build on.
SkyFi moves business-critical payments, so security isn't a feature — it's a requirement. Here's how we protect your data, your funds, and your account, and how you can help us keep it that way.
Protections
How we protect your account
Encryption in transit & at rest
All traffic between your device and SkyFi is encrypted with TLS. Sensitive account and payment data is encrypted at rest, with access limited to systems and personnel that need it to operate the platform.
Bank-grade infrastructure
SkyFi is a financial technology company, not a bank. Banking services and deposit custody are provided by Grasshopper Bank, N.A., Member FDIC, on infrastructure built for regulated financial operations.
Independent compliance audits
Our controls are assessed against AICPA SOC 2 Type 1 criteria, and reviewed on an ongoing basis as SkyFi scales to support more of your treasury operations.
Real-time monitoring
Account activity, payments, and login behavior are monitored continuously so unusual or unauthorized activity can be flagged and acted on quickly.
Business controls & permissions
Role-based access lets you decide exactly who on your team can view, approve, or send payments, with an audit trail behind every action taken on your account.
Fraud & anomaly detection
Payments and account changes are screened by automated risk checks designed to catch fraud patterns before funds move, backed by a team that can step in when something looks off.
Coverage
FDIC coverage
What you can rely on
- Member FDIC — banking services provided by Grasshopper Bank, N.A.
- Deposits insured up to $250,000 per depositor, per ownership category
- SOC 2 Type 1 — AICPA-aligned control assessment
Found a security issue?
We work with independent security researchers to keep SkyFi safe. If you've found a vulnerability, we want to hear from you first.
View Vulnerability Disclosure ProgramBanking services provided by Grasshopper Bank, N.A., Member FDIC. Deposit accounts and regulated banking services are not provided by SkyFi. SkyFi is a financial technology company, not a bank.