About Merchants Bank
Merchants Bank is a company based in Carmel (United States) founded in 2009. It operates as a Subscription Services, and Commission-Based. Merchants Bank has raised $45.66 million across 3 funding rounds. Merchants Bank has completed 2 acquisitions, including Joy State Bank and NattyMac. Merchants Bank offers products and services including Money Market, Flex Index CD, Fixed Rate CD, and All in One Loan. Merchants Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Carmel, United States
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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- Legal Name Merchants Bank
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$45.66 M (USD)
in 3 rounds
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Latest Funding Round
$7 M (USD), Series B
Aug 30, 2017
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Joy State Bank
& 1 more
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IPO & Listings of Merchants Bank
Merchants Bank is a publicly listed company on the NASDAQ with ticker symbol MBIN in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Merchants Bank
Merchants Bank offers a comprehensive portfolio of products and services, including Money Market, Flex Index CD, Fixed Rate CD, and All in One Loan. 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.
High interest rates are offered on money market accounts.
Adjustable rates are provided with Flex Index CD accounts.
Higher interest rates are earned with Fixed Rate CDs.
Significant mortgage interest savings are achieved with this loan.
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Leadership Team
25 people
Software Development Team
24 people
Sales and Marketing
11 people
Operations Team
5 people
Finance and Accounting
4 people
Senior Team
4 people
Legal and Compliance
4 people
Human Resources and Administration
3 people
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Funding Insights of Merchants Bank
Merchants Bank has successfully raised a total of $45.66M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in August 2017. 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 3
- Last Round Series B — $7.0M
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First Round
First Round
(29 Dec 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2017 | Amount | Series B - Merchants Bank | Valuation |
investors |
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| Aug, 2016 | Amount | Series B - Merchants Bank | Valuation |
investors |
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| Dec, 2014 | Amount | Series A - Merchants Bank | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Merchants Bank
Merchants Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Joy State Bank and NattyMac. 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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Domain registration and management services are facilitated globally.
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2004 | ||||
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Commercial banking services are provided in Joy, United States.
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1921 |
| 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 - Merchants Bank
| 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 |
Merchants Bank Comparisons
Competitors of Merchants Bank
Merchants 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 Truist, Investec, Equity Bank, Citi and KeyBank, 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 |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided across the United States.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Merchants Bank
Frequently Asked Questions about Merchants Bank
When was Merchants Bank founded?
Merchants Bank was founded in 2009 and raised its 1st funding round 5 years after it was founded.
Where is Merchants Bank located?
Merchants Bank is headquartered in Carmel, United States. It is registered at Carmel, California, United States.
Is Merchants Bank a funded company?
Merchants Bank is a funded company, having raised a total of $45.66M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7.04M, raised on Dec 29, 2014.
What does Merchants Bank do?
Merchants Bank is operated as a leading financial institution in the United States, focusing on various banking sectors. Services are provided in retail and correspondent residential mortgage banking, multifamily mortgage banking, and business banking. Small business lending, agricultural lending, mortgage warehouse financing, and traditional community banking are also included in the offerings. Solutions are tailored to meet diverse client needs across personal and business banking domains.
Who are the top competitors of Merchants Bank?
What products or services does Merchants Bank offer?
Merchants Bank offers Money Market, Flex Index CD, Fixed Rate CD, and All in One Loan.
Is Merchants Bank publicly traded?
Yes, Merchants Bank is publicly traded on NASDAQ under the ticker symbol MBIN.
How many acquisitions has Merchants Bank made?
Merchants Bank has made 2 acquisitions, including Joy State Bank, and NattyMac.
What is Merchants Bank's ticker symbol?
The ticker symbol of Merchants Bank is MBIN on NASDAQ.
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