About Choice Financial
Choice Financial is a company based in Fargo (United States) founded in 2001.. Choice Financial has raised $15.39 million across 4 funding rounds. Choice Financial has completed 2 acquisitions, including Bank Northland and Venture Bank. Choice Financial offers products and services including Online Banking, Insurance Services, and Wealth Management. Choice Financial operates in a competitive market with competitors including First Interstate Bank, Linker Finance, Florida Capital Bank, Endeavor Bank and Moonstone Bank, among others.
- Headquarter Fargo, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Choice Financial Group
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.39 M (USD)
in 4 rounds
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Latest Funding Round
$624 K (USD), Series B
Mar 27, 2019
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Bank Northland
& 1 more
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Products & Services of Choice Financial
Choice Financial offers a comprehensive portfolio of products and services, including Online Banking, Insurance Services, and Wealth Management. 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.
Platform for managing accounts and transactions securely online
Offers insurance products for business and personal needs
Provides tools for financial planning and investment management
Funding Insights of Choice Financial
Choice Financial has successfully raised a total of $15.39M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $624 thousand completed in March 2019. 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 4
- Last Round Series B — $624,000
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First Round
First Round
(08 Jan 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Series B - Choice Financial | Valuation |
investors |
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| Feb, 2019 | Amount | Series B - Choice Financial | Valuation |
investors |
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| Dec, 2017 | Amount | Series A - Choice Financial | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Choice Financial
Choice Financial has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Bank Northland and Venture Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commercial bank
|
2001 | ||||
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Commercial bank
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Choice Financial
| 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 |
Choice Financial Comparisons
Competitors of Choice Financial
Choice Financial 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 First Interstate Bank, Linker Finance, Florida Capital Bank, Endeavor Bank and Moonstone Bank, 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 |
Community bank offering a variety of banking services including loans, wealth management, and online banking
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| domain | founded_year | HQ Location |
Provider of digital banking and CRM solutions for retail and commercial banks
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| domain | founded_year | HQ Location |
Commercial banking services are provided in Florida, United States.
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| domain | founded_year | HQ Location |
Endeavor Bank is focused on consultative banking for businesses.
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| domain | founded_year | HQ Location |
Serves as a digital bank providing services for individuals and businesses.
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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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Frequently Asked Questions about Choice Financial
When was Choice Financial founded?
Choice Financial was founded in 2001 and raised its 1st funding round 9 years after it was founded.
Where is Choice Financial located?
Choice Financial is headquartered in Fargo, United States. It is registered at Fargo, North Dakota, United States.
Who is the current CEO of Choice Financial?
Brian Johnson is the current CEO of Choice Financial.
Is Choice Financial a funded company?
Choice Financial is a funded company, having raised a total of $15.39M across 4 funding rounds to date. The company's 1st funding round was a Series A of $1.02M, raised on Jan 08, 2010.
What does Choice Financial do?
Founded in 2001, Choice Financial is operated as a commercial bank headquartered in Fargo, United States. Core operations focus on deposit accounts, lending, and financial services for businesses and individuals. The bank serves regional markets through its domain, choicefinancialgroup.com, with leadership provided by CEO Brian Johnson. Standard banking regulations are followed to support economic activities in the area.
Who are the top competitors of Choice Financial?
Choice Financial's top competitors include First Interstate Bank, Westfield Bank and Florida Capital Bank.
What products or services does Choice Financial offer?
Choice Financial offers Online Banking, Insurance Services, and Wealth Management.
How many acquisitions has Choice Financial made?
Choice Financial has made 2 acquisitions, including Bank Northland, and Venture Bank.
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