About Bankjoy
Bankjoy is a company based in Detroit (United States) founded in 2014.. Bankjoy has raised $120 thousand across 2 funding rounds from investors including Curql, AEA Federal Credit Union and Community Wide Federal Credit Union. Bankjoy offers products and services including Retail Banking, Business Banking, Online Loan Applications, Online Account Opening, and Conversational AI. Bankjoy operates in a competitive market with competitors including Tagit, Peppermint Innovation, Flybits, Voxeo and mFoundry, among others.
- Headquarter Detroit, United States
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$120 K (USD)
in 2 rounds
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Latest Funding Round
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Investors
Curql
& 4 more
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Employee Count
Employee Count
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Products & Services of Bankjoy
Bankjoy offers a comprehensive portfolio of products and services, including Retail Banking, Business Banking, Online Loan Applications, Online Account Opening, and Conversational AI. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Integrated platform for modern consumer banking services.
Tools for small and medium-sized business financial management.
Fast mobile system for loan applications and user experiences.
Streamlined process for fast onboarding of new users.
Chatbot for assisting financial goal achievement via phone.
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Funding Insights of Bankjoy
Bankjoy has successfully raised a total of $120K across 2 strategic funding rounds. 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(01 Dec 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Seed - Bankjoy | Valuation | Curql | |
| Dec, 2014 | Amount | Seed - Bankjoy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bankjoy
Bankjoy has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Curql, AEA Federal Credit Union and Community Wide Federal Credit Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Curql is focused on connecting credit unions with fintech investments.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Provides banking, loans, savings, and credit services for individuals and businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bankjoy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bankjoy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bankjoy Comparisons
Competitors of Bankjoy
Bankjoy 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 Tagit, Peppermint Innovation, Flybits, Voxeo and mFoundry, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital engagement solutions are provided for governments and banks.
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| domain | founded_year | HQ Location |
Proprietary mobile banking technology is commercialized for financial institutions.
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| domain | founded_year | HQ Location |
Context-as-a-Service platform is delivered for banking mobile applications.
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| domain | founded_year | HQ Location |
IVR and VoIP platforms for customer service automation are hosted.
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| domain | founded_year | HQ Location |
SaaS-based mobile banking solutions are provided for U.S. financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bankjoy
Frequently Asked Questions about Bankjoy
When was Bankjoy founded?
Bankjoy was founded in 2014.
Where is Bankjoy located?
Bankjoy is headquartered in Detroit, United States. It is registered at Detroit, Michigan, United States.
Is Bankjoy a funded company?
Bankjoy is a funded company, having raised a total of $120K across 2 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Dec 01, 2014.
What does Bankjoy do?
Mobile banking solutions for credit unions. Its mobile banking features include check deposits, lost or stolen card blocking, travel notifications, and bill payments. It also has built-in financial goal management that helps users achieve personal goals such as buying a home or car, banks and credit unions can use this data to offer targeted loans and mortgages.
What products or services does Bankjoy offer?
Bankjoy offers Retail Banking, Business Banking, Online Loan Applications, Online Account Opening, and Conversational AI.
Who are Bankjoy's investors?
Bankjoy has 5 investors. Key investors include Curql, AEA Federal Credit Union, Community Wide Federal Credit Union, Statewide Federal Credit Union, and Y Combinator.