About Acceleron Bank
Acceleron Bank is a company based in Hartford (United States) founded in 2011 by Damon Magnuski. Acceleron Bank has raised $2.8 million across 3 funding rounds from investors including RevTech Labs Capital, Holt Xchange and Gustavson Capital. Acceleron Bank offers products and services including Correspondent Banking Marketplace and API Technology. Acceleron Bank operates in a competitive market with competitors including PayKii, FrontPay, Carouseller, LiveAloo and Silicon Silk, among others.
- Headquarter Hartford, United States
- Founders Damon Magnuski
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Acceleron
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$2.8 M (USD)
in 3 rounds
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Latest Funding Round
$1.4 M (USD), Seed
Oct 29, 2024
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Investors
RevTech Labs Capital
& 2 more
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Employee Count
Not available
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Products & Services of Acceleron Bank
Acceleron Bank offers a comprehensive portfolio of products and services, including Correspondent Banking Marketplace and API Technology.
Platform for processing international wires and capturing FX fees efficiently.
Tools for automating wire validations and reducing manual errors in transactions.
Funding Insights of Acceleron Bank
Acceleron Bank has successfully raised a total of $2.8M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.4 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Acceleron Bank
Acceleron Bank has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include RevTech Labs Capital, Holt Xchange and Gustavson Capital.
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Early-stage fintech investments are facilitated by Holt Xchange.
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Gustavson Capital is engaged in private equity investments.
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Investor details for Acceleron Bank
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Investments & Acquisitions by Acceleron Bank
Investment portfolio details for Acceleron Bank
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Financial Statements - Acceleron Bank
Detailed financials for Acceleron Bank
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Acceleron Bank Comparisons
Peer comparison for Acceleron Bank
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Competitors of Acceleron Bank
Acceleron Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PayKii, FrontPay, Carouseller, LiveAloo and Silicon Silk, among others.
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Cross-border bill payment hub for businesses
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App-based payment gateway is provided for merchants' transactions.
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Cross-border payment acceptance solution for businesses
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Functions as an online payment platform tailored for content creators.
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An online payment gateway solution designed for merchants and e-commerce businesses.
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Detailed competitors of Acceleron Bank
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Latest news on Acceleron Bank
Complete news archive for Acceleron Bank
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Frequently Asked Questions about Acceleron Bank
Acceleron Bank was founded in 2011 and raised its 1st funding round 11 years after it was founded.
Acceleron Bank is headquartered in Hartford, United States. It is registered at Hartford, Connecticut, United States.
Acceleron Bank is a funded company, having raised a total of $2.8M across 3 funding rounds to date.
Provider of a correspondent banking marketplace for international payments. This marketplace streamlines international transaction processing, enabling financial institutions to automate wire processes, access better exchange rates, and capture foreign exchange fees. The platform offers seamless wire automation through advanced API technology, reducing manual entry and errors. It facilitates partnerships with multiple correspondent banks, building redundancy and ensuring business continuity. The marketplace helps financial institutions expand their customer base and increase non-interest income.
Acceleron Bank's top competitors include FrontPay, PayKii and Carouseller.
Acceleron Bank offers Correspondent Banking Marketplace and API Technology.
Acceleron Bank has 3 investors. Key investors include RevTech Labs Capital, Holt Xchange, and Gustavson Capital.