Lead Bank
Fintech-friendly commercial bank powering BaaS and Stripe-era infrastructure
Fintech
📍 Kansas City, MO
Founded 1928
Current Valuation
$1.5B
as of 2025-Q3
UNICORN
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.
Founders & Key People
Jackie Reses (modern relaunch, 2022)
Investors
Khosla Ventures · Coatue · Ribbit Capital · GIC · Goldman Sachs
Products
- Embedded banking APIs
- Card issuing partnerships
- ACH and wire rails
- Commercial lending
- Compliance and BSA/AML platform
Competitors
Column · Cross River Bank · Evolve Bank & Trust · Pathward · Sutton Bank
FintechBanking-as-a-ServiceCommercial BankUnicorn
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.