Lead Bank, a state-chartered institution, has successfully completed its Series B fundraising round, securing $70 million. This investment elevates the bank’s post-money valuation to $1.47 billion.

The funding round saw participation from new investors ICONIQ and Greycroft, alongside continued support from existing backers including Ribbit Capital, Coatue, Khosla Ventures, Andreessen Horowitz, and Zeev Ventures.

Lead Bank specializes in developing technology-first banking solutions, offering a banking-as-a-service (BaaS) platform. This platform enables FinTechs, consumer companies, and digital asset firms to integrate directly into transaction workflows. The bank’s services include programmable products and full-service banking solutions for both businesses and individuals across the United States.

Jackie Reses, CEO of Lead Bank, commented on the funding: “The fastest growing fintechs want to work with a bank that moves at their speed, without compromising on risk or compliance. 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.”