About Webster Financial Corporation
Webster Financial Corporation is a company based in New Haven (United States) founded in 1935. It operates as a B2B, and B2C. Webster Financial Corporation has completed 3 acquisitions, including Bend Financial, InterLINK and Wicks Business Information. Webster Financial Corporation offers products and services including Personal Checking, Business Loans, and Online Banking. Webster Financial Corporation operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter New Haven, 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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- Legal Name Webster Bank, N.A.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Bend Financial
& 2 more
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Products & Services of Webster Financial Corporation
Webster Financial Corporation offers a comprehensive portfolio of products and services, including Personal Checking, Business Loans, and Online Banking. 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.
Account for daily transactions and basic financial management
Loans to fund business operations and growth initiatives
Platform for secure account access and transactions
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Leadership Team
287 people
Software Development Team
125 people
Senior Team
28 people
Sales and Marketing
22 people
Finance and Accounting
20 people
Product Management Team
19 people
Human Resources and Administration
16 people
Legal and Compliance
12 people
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Funding Insights of Webster Financial Corporation
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(01 Nov 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2023 | Amount | Post-IPO - Webster Financial Corporation | Valuation |
investors |
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| Nov, 2012 | Amount | Post-IPO - Webster Financial Corporation | 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 |
Investors in Webster Financial Corporation
Webster Financial Corporation has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Bard Financial Services. 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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Full-service firm providing investment advice, newsletters, and financial calculators.
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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 Webster Financial Corporation
Webster Financial Corporation has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Bend Financial, InterLINK and Wicks Business Information. 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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Health savings account platform is offered to individuals and employers.
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2017 | ||||
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Financial advisory services are provided by InterLINK to clients.
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2011 | ||||
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Business information is compiled and distributed by the company.
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1999 |
| 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 - Webster Financial Corporation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Webster Financial Corporation Comparisons
Competitors of Webster Financial Corporation
Webster Financial Corporation 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, Investec, Equity Bank, Citi and KeyBank, 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 |
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided across the United States.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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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 Webster Financial Corporation
Frequently Asked Questions about Webster Financial Corporation
When was Webster Financial Corporation founded?
Webster Financial Corporation was founded in 1935 and raised its 1st funding round 77 years after it was founded.
Where is Webster Financial Corporation located?
Webster Financial Corporation is headquartered in New Haven, United States. It is registered at New Haven, Connecticut, United States.
What does Webster Financial Corporation do?
Webster Bank is a financial institution that delivers personal, business, and commercial banking services, including checking accounts, loans, and treasury management. It operates through online platforms and physical centers in the United States, serving individuals, small businesses, and large enterprises. The bank focuses on tools for financial planning, lending, and investment to support client needs effectively.
Who are the top competitors of Webster Financial Corporation?
What products or services does Webster Financial Corporation offer?
Webster Financial Corporation offers Personal Checking, Business Loans, and Online Banking.
How many acquisitions has Webster Financial Corporation made?
Webster Financial Corporation has made 3 acquisitions, including Bend Financial, InterLINK, and Wicks Business Information.
Who are Webster Financial Corporation's investors?
Webster Financial Corporation has 1 investor. Key investors include Bard Financial Services.
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