About SaviBank
SaviBank is a company based in Burlington (United States) founded in 2005 was acquired by Harborstone Credit Union in March 2024.. SaviBank offers products and services including Online Banking, Home Loans, Personal Checking, Business Loans, and Merchant Services. SaviBank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Burlington, United States
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Business Bank
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
-
Acquired by
Harborstone Credit Union
(Mar 22, 2024)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of SaviBank
SaviBank offers a comprehensive portfolio of products and services, including Online Banking, Home Loans, Personal Checking, Business Loans, and Merchant Services. 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.
Platform for secure account management and transactions online.
Provides various loan options for home purchases and refinancing needs.
Offers everyday banking accounts with FDIC insurance and online access.
Supports business growth through loans and credit card options.
Facilitates business transactions with Clover merchant tools.
Unlock access to complete
Funding Insights of SaviBank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SaviBank
SaviBank has secured backing from 1 investor. Prominent investors backing the company include Harborstone Credit Union. 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 |
|---|---|---|---|---|
|
Offers everyday banking, loans, savings, and investments for personal and business clients.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by SaviBank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - SaviBank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Savibank Comparisons
Competitors of SaviBank
SaviBank 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, First Republic Bank, Equity Bank, Investec and UniCredit, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
|
|
| domain | founded_year | HQ Location |
Commercial bank
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
|
|
| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
|
|
| domain | founded_year | HQ Location |
Commercial bank
|
|
| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Savibank
Frequently Asked Questions about SaviBank
When was SaviBank founded?
SaviBank was founded in 2005.
Where is SaviBank located?
SaviBank is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Who is the current CEO of SaviBank?
Michal Cann is the current CEO of SaviBank.
What does SaviBank do?
SaviBank was established in 2005 and is based in Burlington, United States. As a commercial bank, core operations involve deposit accounts, loans, and payment processing for business clients. Services are extended to support regional economic activities, with a focus on standard banking needs. The institution is led by Chairman and CEO Michal Cann, ensuring oversight of daily functions and strategic direction.
Who are the top competitors of SaviBank?
What products or services does SaviBank offer?
SaviBank offers Online Banking, Home Loans, Personal Checking, Business Loans, and Merchant Services.
Who are SaviBank's investors?
SaviBank has 1 investor. Key investors include Harborstone Credit Union.