Lead Bank Announces $1.47B Valuation Following Fundraising Round

Lead Bank announced the closure of a $70 million Series B fundraising round, elevating the bank's valuation to $1.47 billion. Photo credit: Shutterstock (Andrii Yalanskyi).

Posted September 10, 2025

Kansas City-based Lead Bank has announced the closure of a $70 million Series B fundraising round.

Lead announced its post-money valuation is now $1.47 billion, according to a release. The round included new investors, ICONIQ and Greycroft, as well as existing investors Ribbit Capital, Coatue, Khosla Ventures, Andreesen 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,” CEO of Lead Bank, Jackie Reses, said in a release. “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 led the acquisition of Lead Bank in 2022 for $56 million.

Lead Bank offers a banking-as-a-service (BaaS) platform that delivers programmable products designed for direct integration into transaction workflows. In April, Lead partnered with Stripe and Visa to power the two companies’ stablecoin-linked payment card platform. In July, Branch, the workplace payments platform, which has a client base that features companies such as Uber and Instacart, struck a strategic banking partnership with Lead.