Lead Bank’s fresh $70m round isn’t just another fintech raise. It’s a bet that vertical, compliance-first banking infrastructure—now extending to stablecoin cards—wins the post-BaaS winter.
The news — and why it matters
Lead Bank, a state-chartered lender whose roots go back to 1928, has raised $70 million at a $1.47 billion post-money valuation. New backers ICONIQ and Greycroft joined existing investors including a16z, Khosla Ventures, Ribbit, Coatue and Zeev Ventures. The bank says the capital will expand its balance sheet and client capacity for “the world’s top fintechs and digital asset companies.”
What lifts this beyond a routine funding headline is timing and model.
