About NextBank
NextBank is a Financial Services company based in San Juan (United States) founded in 2018. It operates as a banking solutions and currency exchange services are provided globally. Its focus areas include FinTech, Banking Tech, Internet First Banks and Digital Native Banks. Its competitors include FV Bank, Arival and DIB; 3 of its 3 listed competitors have raised funding.
Company details
NextBank was founded in 2018 and is headquartered in San Juan, Puerto Rico. Operations are centered in the financial services sector, where banking solutions and currency exchange services are offered via the domain next.bank. Core activities include facilitating secure transactions and currency conversions for clients. The company maintains a focus on regional financial needs while adhering to international standards in banking practices.
- Latest Funding Round$200M (USD), Debt – Conventional
Oct 2022
- Investors
Funding Insights of NextBank
- Total Rounds 1
- Last Round Debt – Conventional — $200M
- First Round $200M
(Oct 2022)
- Investors Count 1
All 1 funding rounds of NextBank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $200M | Debt – Conventional | – | – |
1 investors in total: 1 institutional.
Investors in NextBank
NextBank has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Savi Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | savigroup.com | - |
Investor details for NextBank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of NextBank
2 dated milestones of NextBank across 4 years, from founding to its latest funding, stage changes and deals.
- Founded NextBank is founded.
- Funding First funding round of $200.0M.
Competitors of NextBank
NextBank has 3 listed competitors in our database, 3 of them funded. They include FV Bank, Arival and DIB, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fvbank.us | 2018 | San Juan, Puerto Rico | $8M | – | Enterprise banking systems are provided for fintech and blockchain companies. | |
| arival.com | 2017 | San Juan, Puerto Rico | $4.22M | – | Developer of digital bank for businesses | |
| bankdib.com | 2017 | San Juan, Puerto Rico | $4.76M | – | Diversified digital banking services are provided to individuals and businesses. |
Detailed competitors of NextBank
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- Full competitor set
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Top companies in Banking & FinTech Platforms
10 companies that operate in the same segment as NextBank (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Related news about Nextbank
Complete news archive for NextBank
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Frequently Asked Questions about NextBank
NextBank was founded in 2018 and raised its 1st funding round 4 years after it was founded.
NextBank is headquartered in San Juan, United States. It is registered at San Juan, Puerto Rico, United States.
NextBank was founded in 2018 and is headquartered in San Juan, Puerto Rico. Operations are centered in the financial services sector, where banking solutions and currency exchange services are offered via the domain next.bank. Core activities include facilitating secure transactions and currency conversions for clients. The company maintains a focus on regional financial needs while adhering to international standards in banking practices.
NextBank has 1 investor. Key investors include Savi Group.