Fintech-friendly commercial bank powering BaaS and Stripe-era infrastructure
Lead Bank is a state-chartered Kansas City commercial bank acquired in 2022 by fintech veteran Jackie Reses (former head of Square Capital) and rebuilt into a modern BaaS partner for fintech sponsors. The bank's deposits and revenue have grown rapidly as it took share from BaaS sponsors hit by consent orders, partnering with names like Stripe, Visa, and Branch. Sacra estimates $124M in adjusted revenue in 2025, up 65% from $75M in 2024, valuing the bank at roughly $1.47 billion in its September 2025 round.
Fintech📍 Kansas City, MOFounded 1928
Current Valuation
$1.5B
as of 2025-Q3
UNICORN
QL Price
$1.2B
-18% vs last round
QuantLogix's current estimate for Lead Bank, published 2026-10-07 — below the last disclosed round of $1.5B (2025-Q3).
Confidence
medium
Basis
comps led
What backs this price
Last disclosed round
$1.5B
2025-Q3
weight 0.49
Public-company comparables
$184.76M
2025
weight 0.13
How this price has held up
No round has priced for Lead Bank since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Lead Bank, 2026-10-07 (69e4f2903d317e79).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Lead Bank going public?
No. Lead Bank is private and has not filed to go public. There is no S-1 on file.
What is Lead Bank's valuation in 2026?
Lead Bank is valued at $1.5B as of 2025-Q3, set by its Series B (Sep 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Lead Bank filed an S-1?
No public S-1 is on file for Lead Bank.
Who are Lead Bank's investors?
Lead Bank's investors include Khosla Ventures, Coatue, Ribbit Capital, GIC, Goldman Sachs.
Is Lead Bank publicly traded — can you buy Lead Bank stock?
No. Lead Bank is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Lead Bank on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Jackie Reses
Founded
1928
HQ
Kansas City, MO
Employees
~250
Est. Revenue
$124M (2025)
Growth
~65% YoY
IPO Status
private
Fundraising Status
Series B · 1y 1mo ago
private
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series B
—
Sep 2025
Khosla Ventures
—
Talent Signal
Hiring trend
▼ Hiring downtrend
-19% vs 2026-08
Open roles
13
via ashby
Product-build share
46%
engineering, research, product, design
Trajectory
tightening
product-led hiring — 46% of open roles build product; the rest are go-to-market and G&A.
Open roles trending down; no tracked executive churn.
Counted from Lead Bank's live job board as of 2026-09-16; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
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FintechBanking-as-a-ServiceCommercial Bank
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q3. Refreshed quarterly.