About The Bancorp
The Bancorp is a company based in Wilmington (United States) founded in 2000. It operates as a FinTech, and Professional Services. The company has 771 employees as of December 31, 2024. The Bancorp has completed 1 acquisition, including McMahon Automotive. The Bancorp offers products and services including Fintech Solutions, Institutional Banking, Commercial Lending, and Real Estate Bridge Lending. The Bancorp operates in a competitive market with competitors including Synchrony, Thread Bank, Opus Bank, Popular Direct and MobiusPay, among others.
- Headquarter Wilmington, United States
- Employees 771 as on 31 Dec, 2024
- Stage Public
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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
*********
- Legal Name The Bancorp, Inc.
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Annual Revenue
$698.07 M11.96as on Dec 31, 2024
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Net Profit
$217.54 M13.13as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$4.27 M (USD), Post-IPO
Aug 29, 2018
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Investors
Menlo Ventures
& 1 more
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Employee Count
771
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of The Bancorp
The Bancorp is a publicly listed company on the NASDAQ with ticker symbol TBBK in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of The Bancorp
The Bancorp offers a comprehensive portfolio of products and services, including Fintech Solutions, Institutional Banking, Commercial Lending, and Real Estate Bridge Lending. 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.
Custom payment services are provided with cutting-edge technology.
Lending and deposit services are offered for wealth management.
Small business loans and fleet leasing are provided nationwide.
Bridge loans for commercial real estate are directly offered.
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Leadership Team
73 people
Software Development Team
35 people
Sales and Marketing
27 people
Operations Team
15 people
Legal and Compliance
10 people
Human Resources and Administration
7 people
Product Management Team
5 people
Data Analysis and Operations Team
5 people
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Funding Insights of The Bancorp
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $4.3M
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First Round
First Round
(10 Aug 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Post-IPO - The Bancorp | Valuation |
investors |
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| Aug, 2018 | Amount | Post-IPO - The Bancorp | Valuation |
investors |
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| Jun, 2018 | Amount | Post-IPO - The Bancorp | Valuation |
investors |
| 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 The Bancorp
The Bancorp has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Menlo Ventures and RMB Capital. 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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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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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 The Bancorp
The Bancorp has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include McMahon Automotive. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Automobile dealership services are provided by McMahon Automotive in Norristown.
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1987 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - The Bancorp
| 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 |
The Bancorp Comparisons
Competitors of The Bancorp
The Bancorp 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 Synchrony, Thread Bank, Opus Bank, Popular Direct and MobiusPay, 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 |
Synchrony is engaged in providing credit cards and banking services.
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| domain | founded_year | HQ Location |
Business banking services are provided through digital channels.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Operates as an internet-first bank under Banco Popular North America.
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| domain | founded_year | HQ Location |
Provides secure payment processing for high-risk industries and global transactions.
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| domain | founded_year | HQ Location |
An internet-first bank launched by TIAA.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 The Bancorp
Frequently Asked Questions about The Bancorp
When was The Bancorp founded?
The Bancorp was founded in 2000 and raised its 1st funding round 16 years after it was founded.
Where is The Bancorp located?
The Bancorp is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
How many employees does The Bancorp have?
As of Dec 31, 2024, the latest employee count at The Bancorp is 771.
What is the annual revenue of The Bancorp?
Annual revenue of The Bancorp is $698.07M as on Dec 31, 2024.
What does The Bancorp do?
Banking needs are transformed into tailored solutions by The Bancorp across fintech, institutional banking, and commercial lending sectors. Custom payment services are deployed with advanced technology, while lending and deposit products are offered for wealth management. Small business loans, fleet leasing, and real estate bridge loans are provided nationwide. Sustainable growth is supported through industry expertise and strategic alliances with nonbank platforms. Innovative, technology-enabled solutions are designed to meet evolving business requirements.
Who are the top competitors of The Bancorp?
The Bancorp's top competitors include Synchrony, Thread Bank and Opus Bank.
What products or services does The Bancorp offer?
The Bancorp offers Fintech Solutions, Institutional Banking, Commercial Lending, and Real Estate Bridge Lending.
Is The Bancorp publicly traded?
Yes, The Bancorp is publicly traded on NASDAQ under the ticker symbol TBBK.
How many acquisitions has The Bancorp made?
The Bancorp has made 1 acquisition, including McMahon Automotive.
Who are The Bancorp's investors?
The Bancorp has 2 investors. Key investors include Menlo Ventures, and RMB Capital.
What is The Bancorp's ticker symbol?
The ticker symbol of The Bancorp is TBBK on NASDAQ.
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