Company profile: First Internet Bank
1.1 - Company Overview
Company description
- Provider of FDIC-insured online banking and real-time transaction services, offering personal and business banking including savings, checking, CDs, health savings accounts, money market savings, mortgages, and Do More Business Checking, plus business deposits, lending and commercial real estate lending, and dealer financing solutions for trailers, motorcycles and other vehicles.
Products and services
- Business Banking Solutions: Delivers FDIC-insured business deposits, lending, and commercial real estate lending services tailored to business needs for companies seeking deposit accounts and financing for commercial properties
- Online Banking: Supplies real-time digital access to savings, checking, CDs, and mortgage services, allowing customers to manage their finances anytime, anywhere
- Personal Banking: Offers online/mobile-enabled savings, checking, CDs, and health savings accounts, all accessible through online and mobile platforms for convenient account management anywhere
Key contacts
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Financial details
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1.2 - Competitors and similar companies to First Internet Bank
Fineksus
HQ: Turkey
Website
- Description: Provider of financial messaging and anti-money laundering compliance solutions for FIs and corporates. Offerings include PayGate Maestro for SWIFT message management and financial standards; PayGate Inspector for watchlist screening; PayGate Analyzer for AI transaction monitoring; PayGate KYC for customer risk rating; PayGate Search for SWIFT message archiving/reporting; and PayGate Reconciliation for FX, securities and Nostro messaging.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Bitwala
HQ: Germany
Website
- Description: Provider of self-custodial crypto vaults for storing, sending, and receiving Bitcoin and Ethereum, where users hold their private keys; offers Bitcoin Vaults managed through BitGo and Ethereum Vaults with blockchain addresses. Provides instant SEPA deposits and withdrawals to a Euro Account and a crypto-powered debit card to spend Bitcoin and Ether directly from wallets without converting to euros first.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Credit-Vision
HQ: United Kingdom
Website
- Description: Provider of a next-generation SaaS-based financial data platform that identifies, captures, aggregates and contextualises private company financial data for banks and investment funds, enabling standardization, analysis and actionable insights for investors in corporate credit.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Lili
HQ: United States
Website
- Description: Provider of integrated financial services and tools for freelancers and small businesses, combining banking, real-time expense tracking, accounting, and tax tools in one account, using human-centered design to address customer needs.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Lili company profile →
Sandbox Banking
HQ: United States
Website
- Description: Provider of a low-code integration platform connecting fintech products with banks and credit unions' existing systems, plus system adapters, fintech partner networks, and support for major core processors. Solutions include Glyue and GlyueNet to streamline interoperability and accelerate digital transformation for financial institutions.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Sandbox Banking company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for First Internet Bank
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to First Internet Bank
2.2 - Growth funds investing in similar companies to First Internet Bank
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4 - Top valuation comps for First Internet Bank
4.2 - Public trading comparable groups for First Internet Bank
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