About Interbank FX
Interbank FX is a company based in Salt Lake City (United States) founded in 2001 by Todd Crosland was acquired by TradeStation in November 2011.. Interbank FX has raised $40 million across 1 funding round from investors including TradeStation and Spectrum Equity. Interbank FX operates in a competitive market with competitors including Robinhood, Saxo Bank, Webull, CMC Markets and FXCM, among others.
- Headquarter Salt Lake City, United States
- Founders Todd Crosland
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Sectors
Financial ServicesTechnology
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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
$40 M (USD)
in 1 rounds
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Latest Funding Round
$40 M (USD), Series C
Jul 19, 2007
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Investors
TradeStation
& 1 more
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Employee Count
Employee Count
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Acquired by
TradeStation
(Nov 16, 2011)
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Funding Insights of Interbank FX
Interbank FX has successfully raised a total of $40M through 1 strategic funding round. The most recent funding activity was a Series C round of $40 million completed in July 2007. 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 C — $40.0M
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First Round
First Round
(19 Jul 2007)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2007 | Amount | Series C - Interbank FX | 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 Interbank FX
Interbank FX has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include TradeStation and Spectrum Equity. 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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Growth equity investments and partnerships in finance and related sectors.
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Founded Year | Domain | Location | |
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Discount brokerage services for stock trading are provided.
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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 Interbank FX
| 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 - Interbank FX
| 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 |
Interbank Fx Comparisons
Competitors of Interbank FX
Interbank FX 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 Robinhood, Saxo Bank, Webull, CMC Markets and FXCM, 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 |
Commission-free trading and investment services are provided by Robinhood.
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| domain | founded_year | HQ Location |
Online platform for trading in forex, options, and CFDs
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| domain | founded_year | HQ Location |
Broker-based online trading platform
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| domain | founded_year | HQ Location |
Online trading in forex, indices, commodities, and CFDs is enabled.
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| domain | founded_year | HQ Location |
Forex and CFD trading is enabled via an online platform.
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| domain | founded_year | HQ Location |
Operates as a forex broker offering trading services to clients.
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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 Interbank FX
When was Interbank FX founded?
Interbank FX was founded in 2001 and raised its 1st funding round 6 years after it was founded.
Where is Interbank FX located?
Interbank FX is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Is Interbank FX a funded company?
Interbank FX is a funded company, having raised a total of $40M across 1 funding round to date. The company's 1st funding round was a Series C of $40M, raised on Jul 19, 2007.
What does Interbank FX do?
Interbank FX was founded in 2001 in Salt Lake City, United States, as an online forex broker. Trading tools and educational resources are provided for retail and institutional traders. Multi-bank liquidity feeds and proprietary tools are utilized in operations. Services extend across 140 countries, serving more than 35,000 clients in the forex trading sector.
Who are the top competitors of Interbank FX?
Who are Interbank FX's investors?
Interbank FX has 2 investors. Key investors include TradeStation, and Spectrum Equity.
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