About Thread Bank
Thread Bank is a Financial Services company based in Jonesborough (United States) founded in 1906. Business banking services are provided through digital channels. Thread Bank has raised $52.82 million across 2 funding rounds. Its chief executive, as recorded, is Chris Black. Its website thread.bank draws about 18 thousand monthly visits. Thread Bank offers products and services including Digital Banking Platform, Embedded Banking Services, and Account Opening Service. Its focus areas include FinTech, Banking Tech, Internet First Banks and Digital Subsidiaries of Banks. Its competitors include Synchrony, Popular Direct and Opus Bank; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Jonesborough, United States
- SectorsFinancial Services
- Phone•••• ••••
- Website thread.bank
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$52.82M (USD)
in 2 rounds
- Latest Funding Round$27.64M (USD), Series C
Oct 2025
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.
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 $52.82M
- Total Rounds 2
- Last Round Series C — $27.64M
- First Round $25.18M
(Apr 2023)
All 2 funding rounds of Thread Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2025 | $27.64M | Series C | – | – | – |
| Apr 2023 | $25.18M | Series B | – | – | – |
People of Thread Bank
9 people are tracked at Thread Bank (7 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Chris Black | CEO | Leadership |
Robert Diegel | Chief Operations Officer | Leadership |
Shepley Smith | Chief Product Officer | Leadership |
Daniel C. | General Counsel & Chief Compliance Officer | Leadership |
Mike Farrell | Chief Financial Officer | Leadership |
Marty Miracle | Chief Digital Officer | Leadership |
Amanda C. | Vp/senior Client Manager, Baas Strategy And Development | Leadership |
Yvonne Choi Clifford | Svp, Baas Strategy And Development | Team |
John Baldwin | Compliance Analyst | Team |
Complete people profiles for Thread Bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Timeline of Thread Bank
3 dated milestones of Thread Bank across 119 years, from founding to its latest funding, stage changes and deals.
- Founded Thread Bank is founded.
- Funding First funding round of $25.2M.
- Funding Latest funding round, Series C, of $27.6M.
Competitors of Thread Bank
Thread Bank has 3 listed competitors in our database, 1 of them funded. They include Synchrony, Popular Direct and Opus Bank.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| synchrony.com | 1993 | Salem, United States | $25M | 16,000 | Synchrony is engaged in providing credit cards and banking services. | |
| populardirect.com | 2004 | Miami, United States | Operates as an internet-first bank under Banco Popular North America. | |||
| opusbank.com | 2010 | Irvine, United States | Commercial bank |
Detailed competitors of Thread Bank
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Web traffic of Thread Bank
The website of Thread Bank (thread.bank) receives about 18.3K visits a month.
- Monthly visits18.3K
▲ 17% vs previous month
Websites whose visitors overlap most with Thread Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| transfez.com | 100% | 85.8K | #503,113 | View details |
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Thread Bank (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Related news about 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 CEO of Thread Bank, as recorded in our data.
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 2023.
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.