About Thread Bank
Thread Bank is a company based in Jonesborough (United States) founded in 1906.. Thread Bank has raised $52.82 million across 2 funding rounds. Thread Bank offers products and services including Digital Banking Platform, Embedded Banking Services, and Account Opening Service. Thread Bank operates in a competitive market with competitors including Synchrony, Popular Direct, Opus Bank, MobiusPay and TIAA Direct, among others.
- Headquarter Jonesborough, 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$52.82 M (USD)
in 2 rounds
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Latest Funding Round
$27.64 M (USD), Series C
Oct 15, 2025
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Investors
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Employee Count
Employee Count
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Products & Services of Thread Bank
Thread Bank offers a comprehensive portfolio of products and services, including Digital Banking Platform, Embedded Banking Services, and Account Opening Service. 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.
Online platform for account management and financial transactions.
Tools for integrated payment processing and card issuance.
Digital system for creating checking and savings accounts.
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Funding Insights of Thread Bank
Thread Bank has successfully raised a total of $52.82M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $27.64 million completed in October 2025. 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 2
- Last Round Series C — $27.6M
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First Round
First Round
(14 Apr 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Series C - Thread Bank | Valuation |
investors |
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| Apr, 2023 | Amount | Series B - Thread Bank | 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 |
Investments & Acquisitions by Thread 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 - Thread Bank
| 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 |
Thread Bank Comparisons
Competitors of Thread Bank
Thread 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 Synchrony, Popular Direct, Opus Bank, MobiusPay and TIAA Direct, 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 |
Operates as an internet-first bank under Banco Popular North America.
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| domain | founded_year | HQ Location |
Commercial bank
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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 Thread Bank
Frequently Asked Questions about Thread Bank
When was Thread Bank founded?
Thread Bank was founded in 1906 and raised its 1st funding round 117 years after it was founded.
Where is Thread Bank located?
Thread Bank is headquartered in Jonesborough, United States. It is registered at Jonesborough, Tennessee, United States.
Who is the current CEO of Thread Bank?
Chris Black is the current CEO of Thread Bank.
Is Thread Bank a funded company?
Thread Bank is a funded company, having raised a total of $52.82M across 2 funding rounds to date. The company's 1st funding round was a Series B of $25.18M, raised on Apr 14, 2023.
What does Thread Bank do?
Thread Bank was founded in 1906 and is headquartered in Jonesborough, United States. Operations focus on the financial services sector, where business banking solutions are delivered exclusively via digital platforms. Core offerings include account management, payments, and lending tailored for commercial clients. The institution serves small to medium-sized enterprises across the U.S., emphasizing efficient online access without physical branches. Leadership is provided by CEO Chris Black.
Who are the top competitors of Thread Bank?
Thread Bank's top competitors include Synchrony, Opus Bank and Popular Direct.
What products or services does Thread Bank offer?
Thread Bank offers Digital Banking Platform, Embedded Banking Services, and Account Opening Service.
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