Lead Bank recently closed a $70 million Series B funding round. The funding round included participation from new investors ICONIQ and Greycroft, along with existing investors such as Ribbit Capital and Coatue.
Lead Bank is a state-chartered bank that offers a banking-as-a-service platform for fintech and digital asset companies. Its programmable products are designed to integrate with transaction workflows, helping finance organizations to scale their solutions while maintaining compliance. The bank also provides full-service business and personal banking services to clients nationwide.
The bank’s future plans involve leveraging technology and creativity to improve banking standards and drive innovation in finance. The Series B brings Lead Bank’s post-money valuation to $1.47 billion.
