Lead Bank Secures $70 Million in Series B Funding, Valuation Hits $1.47 Billion
Kansas City, MO – September 4, 2025
Lead Bank, a technology-first institution powering fintechs and digital asset companies, has raised $70 million in a Series B funding round, boosting its post-money valuation to $1.47 billion.
The round saw participation from new investors ICONIQ Capital and Greycroft, alongside returning backers Ribbit Capital, Coatue, Khosla Ventures, Andreessen Horowitz, and Zeev Ventures.
“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.”
Reses, who led the management team’s acquisition of Lead Bank in 2022 for $56 million, has overseen its rapid transformation into a leading banking-as-a-service (BaaS) provider.
Fintech Partnerships Fuel Growth
Lead Bank’s BaaS platform has drawn some of the biggest names in fintech. In April 2025, the bank partnered with Stripe and Visa to power their stablecoin-linked payment card platform. By July, workplace payments platform Branch, whose clients include Uber and Instacart, brought Lead on board as a strategic banking partner.
About Lead Bank
Lead is a state-chartered bank delivering programmable, compliant banking infrastructure for fintechs, consumer, and digital asset companies. Its BaaS solutions integrate directly into transaction workflows, helping partners scale financial services with both speed and regulatory rigor. Alongside its fintech offerings, Lead Bank continues to provide full-service business and personal banking across the United States.
Venkat