About PNC
PNC is a company based in Portland (United States) founded in 2009 was acquired by BBVA in February 2014. It operates as a Subscription Services, and Commission-Based. PNC has raised $16.52 million across 5 funding rounds from investors including BBVA, Lerer Hippeau and Anthemis Group. PNC offers products and services including Virtual Wallet, PNC Cash Rewards Visa Credit Card, and Home Loans. PNC operates in a competitive market with competitors including Chime, Stash, Dave, Albert and Umba, among others.
- Headquarter Portland, United States
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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 The Pnc Financial Services Group, Inc.
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Products & Services of PNC
PNC offers a comprehensive portfolio of products and services, including Virtual Wallet, PNC Cash Rewards Visa Credit Card, and Home Loans. 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.
Checking and savings tools are provided for financial management.
Cash back rewards are offered with this credit card.
Mortgage and refinancing options are provided for home buyers.
Funding Insights of PNC
PNC has successfully raised a total of $16.52M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $2.26 million completed in June 2013. 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 5
- Last Round Series B — $2.3M
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First Round
First Round
(01 Nov 2009)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2013 | Amount | Series B - PNC | Valuation |
investors |
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| Jun, 2013 | Amount | Series B - PNC | Valuation |
investors |
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| Aug, 2011 | Amount | Series B - PNC | 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 PNC
PNC has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include BBVA, Lerer Hippeau and Anthemis 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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Fintech startups are supported through investments and acceleration by Life.SREDA.
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US focused seed and early-stage VC firm
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Founded Year | Domain | Location | |
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Seed and early-stage venture capital firm focusing on investments in technology and fintech companies
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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 PNC
| 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 - PNC
| 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 |
Pnc Comparisons
Competitors of PNC
PNC 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 Chime, Stash, Dave, Albert and Umba, 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 |
Digital banking services are offered to individuals via mobile apps.
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Automated investment and robo-advisory services are offered to individuals.
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| domain | founded_year | HQ Location |
Digital banking services are provided for easier financial management.
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| domain | founded_year | HQ Location |
Digital banking app is offered for savings, investing, and budgeting.
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| domain | founded_year | HQ Location |
Digital banking solutions are offered to individuals through mobile apps.
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| domain | founded_year | HQ Location |
Digital banking services for consumers are offered via mobile app.
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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 Pnc
Frequently Asked Questions about PNC
When was PNC founded?
PNC was founded in 2009.
Where is PNC located?
PNC is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Who is the current CEO of PNC?
David Hijirida is the current CEO of PNC.
Is PNC a funded company?
PNC is a funded company, having raised a total of $16.52M across 5 funding rounds to date. The company's 1st funding round was a Series B of $9.17M, raised on Nov 01, 2009.
What does PNC do?
A range of financial services are provided by PNC, including personal and business banking. Checking, savings, credit cards, and loans such as mortgages, home equity, and auto loans are offered. Wealth management and investment services are also provided through PNC Investments and PNC Private Bank. Mobile and online banking solutions are made available to enhance customer convenience. The company serves various sectors, focusing on retail banking and lending solutions for individuals and small businesses.
What products or services does PNC offer?
PNC offers Virtual Wallet, PNC Cash Rewards Visa Credit Card, and Home Loans.
Who are PNC's investors?
PNC has 11 investors. Key investors include BBVA, Lerer Hippeau, Anthemis Group, Life.SREDA, and First Round Capital.
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