About FV Bank
FV Bank is a company based in San Juan (United States) founded in 2018 by Miles Paschini and Nitin Agarwal.. FV Bank has raised $8 million across 1 funding round from investors including BnkToTheFuture, Neighborhood Funders Group and CCIX Global. FV Bank offers products and services including Banking Services, VISA Services, Intrabank Transfers, and Digital Asset Custody. FV Bank operates in a competitive market with competitors including Arival, DIB and NextBank, among others.
- Headquarter San Juan, United States
- Founders Miles Paschini, Nitin Agarwal
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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
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8 M (USD)
in 1 rounds
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Latest Funding Round
$8 M (USD), Series A
Aug 31, 2021
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Investors
BnkToTheFuture
& 6 more
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Employee Count
Employee Count
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Products & Services of FV Bank
FV Bank offers a comprehensive portfolio of products and services, including Banking Services, VISA Services, Intrabank Transfers, and Digital Asset Custody. 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.
Provides integrated traditional and digital banking for enterprises.
Enables worldwide spending via VISA credit and debit cards.
Offers simple, fast, and secure 24/7 transfers.
Delivers secure storage and seamless settlement of digital assets.
Unlock access to complete
Funding Insights of FV Bank
FV Bank has successfully raised a total of $8M through 1 strategic funding round. The most recent funding activity was a Series A round of $8 million completed in August 2021. 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 1
- Last Round Series A — $8.0M
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First Round
First Round
(31 Aug 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series A - FV Bank | Valuation | BnkToTheFuture , Neighborhood Funders Group |
| 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 FV Bank
FV Bank has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include BnkToTheFuture, Neighborhood Funders Group and CCIX Global. 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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Investments in the global digital economy are facilitated by CCIX Global.
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Founded Year | Domain | Location | |
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Blockchain-based startups are funded by NGC venture capital firm.
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Founded Year | Domain | Location | |
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Private equity investments in Asia are managed by Southern Capital.
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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 FV Bank
| 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 - FV Bank
| 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 |
Fv Bank Comparisons
Competitors of FV Bank
FV 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 Arival, DIB and NextBank, 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 |
Developer of digital bank for businesses
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| domain | founded_year | HQ Location |
Diversified digital banking services are provided to individuals and businesses.
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| domain | founded_year | HQ Location |
Banking solutions and currency exchange services are provided globally.
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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 Fv Bank
Frequently Asked Questions about FV Bank
When was FV Bank founded?
FV Bank was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is FV Bank located?
FV Bank is headquartered in San Juan, United States. It is registered at San Juan, Puerto Rico, United States.
Who is the current CEO of FV Bank?
Miles Paschini is the current CEO of FV Bank. They have also founded this company.
Is FV Bank a funded company?
FV Bank is a funded company, having raised a total of $8M across 1 funding round to date. The company's 1st funding round was a Series A of $8M, raised on Aug 31, 2021.
What does FV Bank do?
FV Bank was founded in 2018 in San Juan, Puerto Rico. Enterprise banking systems are supplied to fintech and blockchain firms within the financial technology sector. Current and savings accounts, debit cards for online and offline payments, investment accounts, and international payment processing are included among the services. Digital customer onboarding, AML screening, and document verification processes are also supported.
What products or services does FV Bank offer?
FV Bank offers Banking Services, VISA Services, Intrabank Transfers, and Digital Asset Custody.
Who are FV Bank's investors?
FV Bank has 7 investors. Key investors include BnkToTheFuture, Neighborhood Funders Group, CCIX Global, Decentralized Ventures, and NGC.