Investor Confidence Surges as Fintech Bank Reaches $1.47B Valuation

Lead Bank, a state-chartered bank serving the world’s top fintech and digital asset companies, has reached a post-money valuation of $1.47 billion following the completion of a $70 million Series B fundraising round. The funding round included new investors such as ICONIQ and Greycroft, alongside existing investors including Ribbit Capital, Coatue, Khosla Ventures, Andreesen Horowitz, and Zeev Ventures. This financing marks a significant milestone for the bank, nearly doubling its valuation from the previous year [1].

Jackie Reses, CEO of Lead Bank, emphasized the increasing demand from fast-growing fintechs for a banking partner that can operate at their pace without compromising on risk or compliance. She added that the support from investors reflects a shared vision of leveraging technology to enhance banking standards and foster innovation in the finance sector [1]. The company was acquired by Reses and her management team in 2022 for $56 million, after which it underwent a strategic transformation to focus on fintech and digital asset services [2].

Lead Bank’s banking-as-a-service (BaaS) platform has attracted a range of industry leaders. In April 2025, the bank partnered with Stripe and Visa to power their stablecoin-linked payment card platform. In July of the same year, Branch, a workplace payments platform used by companies like Uber and Instacart, selected Lead as a strategic banking partner. These collaborations underscore the platform’s capacity to integrate programmable products into transaction workflows, enabling fintechs to scale while maintaining compliance [2].

The bank’s platform is designed to navigate the complex regulatory environment and deliver innovative financial solutions. Beyond BaaS, Lead Bank offers full-service business and personal banking to clients across the United States. Its long-standing expertise in modern banking technology, combined with a strong focus on compliance, has positioned it as a key player in the evolving fintech landscape [3].

With the latest financing round, Lead Bank aims to strengthen its balance sheet and support its continued expansion in the fintech sector. The firm has already attracted notable clients, including Affirm Holdings Inc., Ramp Business Corporation, and the stablecoin business unit of Stripe Inc., known as Bridge. These partnerships reflect the bank’s ability to provide tailored financial infrastructure to high-growth fintechs [3].

The fundraising round also highlights growing investor confidence in the fintech banking space. Andreessen Horowitz (a16z) and Khosla Ventures led the round, while additional participation came from existing investors who continue to back the bank’s strategic direction. The infusion of capital is expected to accelerate the development of Lead Bank’s technology and expand its market reach [1].

Source:

[1] Lead Closes Series B (https://www.lead.bank/blog-posts/lead-closes-series-b)

[2] Lead Bank Closes Series B Fundraising Round (https://finance.yahoo.com/news/lead-bank-closes-series-b-181200301.html)

[3] Crypto-friendly bank Lead Bank completes $70 million (https://www.chaincatcher.com/en/article/2203457)