About Quontic
Quontic is a company based in New York (United States) founded in 2009 by Steve Schnall.. Quontic has raised $11.3 million across 3 funding rounds from investors including Performance Trust Capital Partners. Quontic offers products and services including High Interest Checking, High Yield Savings, Certificates of Deposit, Mortgage Loans, and Home Equity Loan. Quontic operates in a competitive market with competitors including Chime, Stash, Truist, Dave and Investec, among others.
- Headquarter New York, United States
- Founders Steve Schnall
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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 Quontic 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
$11.3 M (USD)
in 3 rounds
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Latest Funding Round
$8 M (USD), Debt – Conventional
Sep 28, 2020
- Investors
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Employee Count
Employee Count
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Products & Services of Quontic
Quontic offers a comprehensive portfolio of products and services, including High Interest Checking, High Yield Savings, Certificates of Deposit, Mortgage Loans, and Home Equity 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.
Checking account offering high interest rates for everyday use.
Savings account with competitive yields for personal funds.
Time-deposit products with fixed rates for secure savings.
Loans for home purchases tailored to various borrower types.
Loan using home equity for cash access up to certain limits.
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Funding Insights of Quontic
Quontic has successfully raised a total of $11.3M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $8 million completed in September 2020. 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 Debt – Conventional — $8.0M
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First Round
First Round
(29 Mar 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2020 | Amount | Debt – Conventional - Quontic | Valuation |
investors |
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| Mar, 2020 | Amount | Series A - Quontic | Valuation | Performance Trust Capital Partners |
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| Mar, 2019 | Amount | Series A - Quontic | 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 |
Investors in Quontic
Quontic has secured backing from 1 investor. Prominent investors backing the company include Performance Trust Capital Partners. 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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Financial advisory and investment banking services are provided to institutions.
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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 Quontic
| 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 - Quontic
| 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 |
Quontic Comparisons
Competitors of Quontic
Quontic 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, Truist, Dave and Investec, 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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| domain | founded_year | HQ Location |
Automated investment and robo-advisory services are offered to individuals.
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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 |
Digital banking services are provided for easier financial management.
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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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| 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 Quontic
Frequently Asked Questions about Quontic
When was Quontic founded?
Quontic was founded in 2009 and raised its 1st funding round 10 years after it was founded.
Where is Quontic located?
Quontic is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Quontic?
Steve Schnall is the current CEO of Quontic. They have also founded this company.
Is Quontic a funded company?
Quontic is a funded company, having raised a total of $11.3M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.3M, raised on Mar 29, 2019.
What does Quontic do?
Founded in 2009 in New York, United States, Quontic operates as a digital bank focused on individual customers. Savings and checking accounts are maintained, with features such as check deposits, bill payments, account transfers, and receipt tracking supported. Loan programs are extended to include community development, VA and FHA options, reverse mortgages, investment properties, foreign national, and owner-occupied financing. The associated mobile application is accessible on Android and iOS platforms.
Who are the top competitors of Quontic?
What products or services does Quontic offer?
Quontic offers High Interest Checking, High Yield Savings, Certificates of Deposit, Mortgage Loans, and Home Equity Loan.
Who are Quontic's investors?
Quontic has 1 investor. Key investors include Performance Trust Capital Partners.
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