Lead Bank raises $70m to power FinTech and digital asset growth

By Vriti Gothi

Lead Bank has raised $70 million Series B funding round, led by  ICONIQ and Greycroft, alongside continued support from existing investors Ribbit Capital, Coatue, Khosla Ventures, Andreessen Horowitz, and Zeev Ventures. This investment brings Lead Bank’s post-money valuation to $1.47 billion, underscoring its position as a driving force in digital-first banking.

Since its acquisition in 2022 for $56 million under the leadership of CEO Jackie Reses, Lead Bank has transformed into a cornerstone institution for the global FinTech ecosystem. Its rapidly expanding banking-as-a-service (BaaS) platform is designed to meet the pace and scale of high-growth FinTechs, combining agility with robust risk and compliance frameworks.

“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.”

Lead Bank’s approach has already attracted partnerships with some of the most influential names in the industry. In April, the bank joined forces with Stripe and Visa to power their stablecoin-linked payment card platform, reinforcing its role at the forefront of digital asset innovation. More recently, workplace payments platform Branch, serving customers such as Uber and Instacart, named Lead as a strategic banking partner, further extending its reach across the future of work and embedded finance.

With this fresh capital, Lead Bank is positioned to further strengthen its technology stack, expand its product capabilities, and continue scaling a model of banking that empowers FinTechs to innovate securely and responsibly. As regulatory expectations evolve and customer demand for seamless digital experiences grows, Lead Bank’s blend of compliance rigour and creative problem-solving sets a new benchmark for how banks can partner with the next generation of financial services leaders.