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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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Employee Count
Not available
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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.
Online platform for account management and financial transactions.
Tools for integrated payment processing and card issuance.
Digital system for creating checking and savings accounts.
People of Thread Bank
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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.
Investments & Acquisitions by Thread Bank
Investment portfolio details for Thread Bank
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Financial Statements - Thread Bank
Detailed financials for Thread Bank
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Thread Bank Comparisons
Peer comparison for Thread Bank
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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.
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Synchrony is engaged in providing credit cards and banking services.
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Operates as an internet-first bank under Banco Popular North America.
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Commercial bank
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Provides secure payment processing for high-risk industries and global transactions.
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An internet-first bank launched by TIAA.
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Detailed competitors of Thread Bank
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Latest news on Thread Bank
Complete news archive for Thread Bank
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Frequently Asked Questions about Thread Bank
Thread Bank was founded in 1906 and raised its 1st funding round 117 years after it was founded.
Thread Bank is headquartered in Jonesborough, United States. It is registered at Jonesborough, Tennessee, United States.
Chris Black is the current CEO of Thread Bank.
Thread Bank is a funded company, having raised a total of $52.82M across 2 funding rounds to date.
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.
Thread Bank's top competitors include Synchrony, Opus Bank and Popular Direct.
Thread Bank offers Digital Banking Platform, Embedded Banking Services, and Account Opening Service.