About Joust Bank
Joust Bank is a company based in Denver (United States) founded in 2017 by Lamine Zarrad was acquired by ZenBusiness in July 2020.. Joust Bank has raised $7.93 million across 6 funding rounds from investors including ZenBusiness, Accion and Techstars. Joust Bank offers products and services including Domain Sale Service. Joust Bank operates in a competitive market with competitors including Lili, Joust, WorkMade and Gigbanc, among others.
- Headquarter Denver, United States
- Founders Lamine Zarrad
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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
$7.93 M (USD)
in 6 rounds
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Latest Funding Round
$2.6 M (USD), Seed
Aug 12, 2019
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Investors
ZenBusiness
& 4 more
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Employee Count
Employee Count
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Acquired by
ZenBusiness
(Jul 30, 2020)
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Products & Services of Joust Bank
Joust Bank offers a comprehensive portfolio of products and services, including Domain Sale Service. 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.
Facilitates domain purchases with quick pricing and form submissions
Funding Insights of Joust Bank
Joust Bank has successfully raised a total of $7.93M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $2.6 million completed in August 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 6
- Last Round Seed — $2.6M
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First Round
First Round
(07 Dec 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Seed - Joust Bank | Valuation | PTB Ventures | |
| Jun, 2019 | Amount | Seed - Joust Bank | Valuation |
investors |
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| Feb, 2019 | Amount | Seed - Joust Bank | 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 |
Investors in Joust Bank
Joust Bank has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include ZenBusiness, Accion and Techstars. 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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PTB Ventures is focused on digital identity ecosystem investments.
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Founded Year | Domain | Location | |
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Early-stage financial services startups are invested in and incubated.
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Founded Year | Domain | Location | |
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Startups are accelerated globally without sector restrictions through structured programs.
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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 Joust 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 - Joust 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 |
Joust Bank Comparisons
Competitors of Joust Bank
Joust 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 Lili, Joust, WorkMade and Gigbanc, 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 |
Digital banking services are offered to freelancers.
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| domain | founded_year | HQ Location |
Residential mortgage financing is provided via an online auction platform.
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| domain | founded_year | HQ Location |
Digital banking services are offered to freelancers via partnerships.
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| domain | founded_year | HQ Location |
Operates as an internet-first bank, partnering to provide financial services for freelancers.
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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 Joust Bank
When was Joust Bank founded?
Joust Bank was founded in 2017.
Where is Joust Bank located?
Joust Bank is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Who is the current CEO of Joust Bank?
Lamine Zarrad is the current CEO of Joust Bank. They have also founded this company.
Is Joust Bank a funded company?
Joust Bank is a funded company, having raised a total of $7.93M across 6 funding rounds to date. The company's 1st funding round was a Seed of $20K, raised on Dec 07, 2017.
What does Joust Bank do?
Joust Bank was established in 2017 in Denver, United States, focusing on financial technology for invoice handling. Mobile applications compatible with iOS and Android platforms are employed to deliver services such as quoting, invoicing, online payment acceptance, and receivables tracking. These tools are designed for use by businesses and freelancers to streamline financial operations.
Who are the top competitors of Joust Bank?
What products or services does Joust Bank offer?
Joust Bank offers Domain Sale Service.
Who are Joust Bank's investors?
Joust Bank has 5 investors. Key investors include ZenBusiness, Accion, Techstars, PTB Ventures, and Financial Venture Studio.