About Radius Bank
Radius Bank is a company based in Boston (United States) founded in 1987 was acquired by Lending Club in February 2020.. Radius Bank offers products and services including Personal Loans, Auto Refinance Loans, Medical Loans, Checking and Savings Accounts, and Business Loans. Radius Bank operates in a competitive market with competitors including Varo, Monzo, Revolut, Grasshopper Bank and Comun, among others.
- Headquarter Boston, United States
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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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- Legal Name Lendingclub Bank, N.A.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
LendingClub
& 3 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Radius Bank
Radius Bank offers a comprehensive portfolio of products and services, including Personal Loans, Auto Refinance Loans, Medical Loans, Checking and Savings Accounts, and Business 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.
Loans up to $40,000 for debt consolidation and expenses
Refinancing to reduce payments and save money
Loans for treatments through partnered providers
Accounts with competitive rates and rewards
Loans for business needs and operations
Funding Insights of Radius 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 |
Investors in Radius Bank
Radius Bank has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include LendingClub, Patriot Financial Partners and GCP 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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Private equity investments are targeted at US companies.
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Private equity investments are directed toward the United States market.
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Consumer and business loans are matched via a P2P marketplace.
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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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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 Radius 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 - Radius 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 |
Radius Bank Comparisons
Competitors of Radius Bank
Radius 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 Varo, Monzo, Revolut, Grasshopper Bank and Comun, 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 |
Internet first bank for individuals and businesses
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| domain | founded_year | HQ Location |
Banking solutions are provided for retail customers and businesses.
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| domain | founded_year | HQ Location |
Commercial banking services are offered via an online platform.
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| domain | founded_year | HQ Location |
An online platform for retail banking solutions is provided.
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| domain | founded_year | HQ Location |
Commercial bank
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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 Radius Bank
Frequently Asked Questions about Radius Bank
When was Radius Bank founded?
Radius Bank was founded in 1987.
Where is Radius Bank located?
Radius Bank is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Radius Bank?
Scott Sanborn is the current CEO of Radius Bank.
What does Radius Bank do?
Radius Bank was founded in 1987 in Boston, United States, and operates in the digital banking sector. Services for consumers include deposit and current accounts, prepaid cards for purchases, cash withdrawals, and money transfers. Business offerings encompass cannabis banking, escrow-based payments, and API integrations. An app-based platform is provided for iOS and Android devices to support these operations.
Who are the top competitors of Radius Bank?
What products or services does Radius Bank offer?
Radius Bank offers Personal Loans, Auto Refinance Loans, Medical Loans, Checking and Savings Accounts, and Business Loans.
Who are Radius Bank's investors?
Radius Bank has 4 investors. Key investors include LendingClub, Patriot Financial Partners, GCP Capital Partners, and BayBoston.