About IBT Apps
IBT Apps is a company based in Austin (United States) founded in 1999 by Mark Dittman, Mike Shubert, and Chuck Capel was acquired by Aventra Financial Group in June 2022.. IBT Apps has completed 2 acquisitions, including PowerLender and VirPack. IBT Apps offers products and services including i2Core, i2OLB, i2Mobile, PowerLender, and SecureLEND. IBT Apps operates in a competitive market with competitors including nCino, ION Group, Backbase, Ohpen and Nymbus, among others.
- Headquarter Austin, United States
- Founders Mark Dittman, Mike Shubert, Chuck Capel
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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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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
PowerLender
& 1 more
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Acquired by
Aventra Financial Group
(Jun 01, 2022)
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Products & Services of IBT Apps
IBT Apps offers a comprehensive portfolio of products and services, including i2Core, i2OLB, i2Mobile, PowerLender, and SecureLEND. 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.
Manages customer data and financial operations for banks
Provides online banking access for customers
Enables secure mobile account management
Streamlines loan processing for banks
Offers cloud-based lending platforms
Handles back-office tasks efficiently
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Funding Insights of IBT Apps
| 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 IBT Apps
IBT Apps has secured backing from 1 investor. Prominent investors backing the company include Aventra Financial Group. 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 |
| 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 IBT Apps
IBT Apps has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include PowerLender and VirPack. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Loan origination software is provided by PowerLender for lenders.
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1998 | ||||
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Digital workflow automation and data management for mortgage lenders.
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1998 |
| 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 - IBT Apps
| 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 |
Ibt Apps Comparisons
Competitors of IBT Apps
IBT Apps 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 nCino, ION Group, Backbase, Ohpen and Nymbus, 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 |
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| domain | founded_year | HQ Location |
Cloud-based API platform for banking operations is provided.
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| domain | founded_year | HQ Location |
Treasury management solutions are provided for financial institutions and banks.
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| domain | founded_year | HQ Location |
AI-powered banking platforms are provided for operational growth.
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Developer of cloud-based core banking platform for retail mutual funds and savings accounts
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| domain | founded_year | HQ Location |
Cloud-based core banking solutions are offered to financial institutions.
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| domain | founded_year | HQ Location |
Cloud-native API-first core banking platform is provided for banks.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 IBT Apps
When was IBT Apps founded?
IBT Apps was founded in 1999.
Where is IBT Apps located?
IBT Apps is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of IBT Apps?
Mark Dittman is the current CEO of IBT Apps. They have also founded this company.
What does IBT Apps do?
IBT Apps was founded in 1999 in Austin, United States, focusing on the banking technology sector. Core processing and digital banking services are provided through the i2Suite platform, which includes i2Core for managing customer data and relationships, i2OLB for online account access, and i2teller for transaction verification. These tools support operations in the community banking industry across the United States.
Who are the top competitors of IBT Apps?
IBT Apps's top competitors include nCino, Thought Machine and Tuum.
What products or services does IBT Apps offer?
IBT Apps offers i2Core, i2OLB, i2Mobile, PowerLender, and 2 more products and services.
How many acquisitions has IBT Apps made?
IBT Apps has made 2 acquisitions, including PowerLender, and VirPack.
Who are IBT Apps's investors?
IBT Apps has 1 investor. Key investors include Aventra Financial Group.