About Banno
Banno is a company based in Cedar Falls (United States) founded in 2008 was acquired by Jack Henry in March 2014.. The company has 6,810 employees as of December 31, 2020. Banno operates in a competitive market with competitors including Zeta, Tink, Bud, Finix and Apiture, among others.
- Headquarter Cedar Falls, United States
- Employees 6810 as on 31 Dec, 2020
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Jack Henry & Associates Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$2 M (USD), Debt – Conventional
Sep 24, 2012
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Investors
Jack Henry
& 1 more
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Employee Count
6810
as on Dec 31, 2020
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Acquired by
Jack Henry
(Mar 04, 2014)
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Funding Insights of Banno
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $2.0M
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First Round
First Round
(24 Sep 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2012 | Amount | Debt – Conventional - Banno | 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 Banno
Banno has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Jack Henry and IEDA. 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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Founded Year | Domain | Location | |
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Banking and payments solutions are provided through a dedicated platform.
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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 Banno
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - Banno
| 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 |
Banno Comparisons
Competitors of Banno
Banno 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 Zeta, Tink, Bud, Finix and Apiture, 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 |
Payment and banking solutions are provided to users and banks.
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| domain | founded_year | HQ Location |
Tink is recognized as a leading European open banking platform.
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| domain | founded_year | HQ Location |
Bud Financial is focused on transforming transaction data into actionable insights for financial institutions.
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| domain | founded_year | HQ Location |
API-enabled platform for business payment processing is provided.
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| domain | founded_year | HQ Location |
Open banking APIs are delivered to financial institutions and banks.
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| domain | founded_year | HQ Location |
API-based solutions for online payments and P2P transactions are provided.
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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 Banno
Frequently Asked Questions about Banno
When was Banno founded?
Banno was founded in 2008 and raised its 1st funding round 4 years after it was founded.
Where is Banno located?
Banno is headquartered in Cedar Falls, United States. It is registered at Cedar Falls, Iowa, United States.
How many employees does Banno have?
As of Dec 31, 2020, the latest employee count at Banno is 6,810.
What does Banno do?
Open banking API solutions. It offers multiple solutions for financial institutions including digital banking with accounts, card management, reports, and authentications, back-office and chats operations, marketing with digital bank solution integration, white-labeled advertisements, smart links, insights, and more.
Who are Banno's investors?
Banno has 2 investors. Key investors include Jack Henry, and IEDA.
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