Lead Bank, based in Missouri, has raised $70 million in a new funding round, boosting its valuation to $1.47 billion. The round saw participation from notable investors including Andreessen Horowitz, Khosla Ventures, and Ribbit Capital. The bank serves clients such as Affirm, Ramp, and the stablecoin platform Bridge, acquired by Stripe, while continuing to cater to local users in Kansas City. CEO Jackie Reses stated that the funds will be used to strengthen the bank's balance sheet to support growth in the crypto and fintech sectors.
Lead Bank Secures $70 Million in Funding, Valuation Hits $1.47 Billion
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