Lead Bank, the industry-leading bank serving the world’s top fintechs and digital asset companies, today announced the close of its $70 million Series B fundraising round. The round included new investors, ICONIQ and Greycroft, as well as existing investors Ribbit Capital, Coatue, Khosla Ventures, Andreesen Horowitz, and Zeev Ventures. Lead’s post-money valuation is now $1.47 billion.
“The fastest growing fintechs want to work with a bank that moves at their speed, without compromising on risk or compliance,” said Jackie Reses, CEO of Lead Bank. “We’re grateful to our investors, new and old, for seeing the future as we do – one where we can use technology and creativity to elevate banking standards and drive more innovation in finance.”
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Reses led the current management team’s acquisition of Lead Bank in 2022 for $56 million.
Lead’s banking-as-a-service platform has quickly drawn a who’s who of leading fintechs to work with Lead to scale their financial services offerings. In April, Lead partnered with Stripe and Visa as the bank powering Stripe and Visa’s stablecoin-linked payment card platform. In July, Branch, the workplace payments platform whose customers include Uber and Instacart, added Lead as a strategic banking partner.
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