About Banyan
Banyan is a company based in Holmdel (United States) founded in 2013 by Jehan Luth was acquired by Bilt Rewards in March 2025. It operates as a Data-as-a-Service. Banyan has raised $55.84 million across 9 funding rounds from investors including Bilt Rewards, Bridge Community Bank and Peterson Partners. Banyan offers products and services including Receipt Data Platform. Banyan operates in a competitive market with competitors including Anaplan, Workday Adaptive Planning, Vena Marketing, Planful and Pigment, among others.
- Headquarter Holmdel, United States
- Founders Jehan Luth
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Sectors
Technology
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Email
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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
$55.84 M (USD)
in 9 rounds
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Latest Funding Round
$28 M (USD), Series A
Oct 19, 2022
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Investors
Bilt Rewards
& 8 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Banyan
Banyan offers a comprehensive portfolio of products and services, including Receipt Data Platform. 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.
Item-level receipt data is organized for commercial applications.
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Funding Insights of Banyan
Banyan has successfully raised a total of $55.84M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $28 million completed in October 2022. 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 9
- Last Round Series A — $28.0M
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First Round
First Round
(21 Apr 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2022 | Amount | Debt – Venture - Banyan | Valuation |
investors |
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| Oct, 2022 | Amount | Series A - Banyan | Valuation | Fin Capital , M13 Company | |
| Jul, 2021 | Amount | Series A - Banyan | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Banyan
Banyan has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Bilt Rewards, Bridge Community Bank and Peterson Partners. 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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Venture capital firm focused on fintech and B2B SaaS companies
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by M13 venture capital fund.
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Founded Year | Domain | Location | |
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Venture capital and accelerator firm focused on fintech companies
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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 Banyan
| 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 - Banyan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Banyan Comparisons
Competitors of Banyan
Banyan 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 Anaplan, Workday Adaptive Planning, Vena Marketing, Planful and Pigment, 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 |
Operational planning and forecasting solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Cloud-based financial planning and analytics are delivered via SaaS.
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| domain | founded_year | HQ Location |
AI-powered financial planning and accounting software is offered.
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| domain | founded_year | HQ Location |
Cloud-based financial planning and advisory solutions are provided for businesses.
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| domain | founded_year | HQ Location |
A platform for business planning and project management is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Banyan
Frequently Asked Questions about Banyan
When was Banyan founded?
Banyan was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Banyan located?
Banyan is headquartered in Holmdel, United States. It is registered at Holmdel, New Jersey, United States.
Who is the current CEO of Banyan?
Jehan Luth is the current CEO of Banyan. They have also founded this company.
Is Banyan a funded company?
Banyan is a funded company, having raised a total of $55.84M across 9 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Apr 21, 2015.
What does Banyan do?
Item-level receipt data is organized and activated by Banyan to power commercial and consumer applications. A privacy-first data collaboration platform is offered to merchants, banks, fintechs, and commerce partners. Solutions for loyalty marketing, card-linked offers, fraud management, and expense reconciliation are enabled through secure data infrastructure. Sectors such as financial services and retail are served with enhanced data precision and control.
Who are the top competitors of Banyan?
Banyan's top competitors include Workday Adaptive Planning, Vena Marketing and Anaplan.
What products or services does Banyan offer?
Banyan offers Receipt Data Platform.
Who are Banyan's investors?
Banyan has 9 investors. Key investors include Bilt Rewards, Bridge Community Bank, Peterson Partners, NUVI, and Fin Capital.
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