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Company profile: First Internet Bank

1.1 - Company Overview

First Internet Bank Logo

First Internet Bank

Headquarter: United States
Founded: 20XX🔒
Employees: 100-500🔒

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 Logo

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: ●●
View full Fineksus company profile →
Bitwala Logo

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: ●●
View full Bitwala company profile →
Credit-Vision Logo

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: ●●
View full Credit-Vision company profile →
Lili Logo

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 Logo

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 1: ████████ ████████

●● companies
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 2: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
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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4.3 - M&A Transactions similar to First Internet Bank

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

About First Internet Bank

What does First Internet Bank do?

First Internet Bank is a 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.

Who are First Internet Bank's competitors?

First Internet Bank's competitors and similar companies include Fineksus, Bitwala, Credit-Vision, Lili, and Sandbox Banking.

Where is First Internet Bank headquartered?

First Internet Bank is headquartered in United States.

How many employees does First Internet Bank have?

First Internet Bank has 1,000 employees 🔒.

When was First Internet Bank founded?

First Internet Bank was founded in 2010 🔒.

What sector and industry vertical is First Internet Bank in?

First Internet Bank is in the Enterprise Software 🔒 sector and industry

M&A Buyers & Acquirers for First Internet Bank

Who are the top strategic acquirers in First Internet Bank's sector and industry

Top strategic M&A buyers and acquirers in First Internet Bank's sector include ████████, ██████████, ██████, ████████, and ██████████ 🔒.

Which M&A buyer groups are most relevant for First Internet Bank?

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Financial Investors investing in First Internet Bank's sector and industry vertical

Which are the top PE firms investing in First Internet Bank's sector and industry vertical?

Top PE firms investing in First Internet Bank's sector and industry vertical include ████████, ██████████, ████████, and ██████████ 🔒.

Who are the top buyout funds acquiring in First Internet Bank's sector and industry vertical?

Active PE funds and buyout funds acquiring companies in First Internet Bank's sector and industry vertical include █████████, ██████████, ████████████, and ████████████ 🔒.

Who are the top growth equity funds investing in companies in First Internet Bank's sector and industry vertical?

Growth funds and venture capital funds investing in companies similar to First Internet Bank include █████████, ██████████, ████████████, and ████████████ 🔒.

Valuation benchmarks of companies in First Internet Bank's sector and industry

Which are the key public companies that are relevant trading comps benchmarks for First Internet Bank?

The key public trading comparables and valuation benchmarks for First Internet Bank include █████████, ██████████, ████████████, and ████████████ 🔒.

Which are the key trading comparable groups for First Internet Bank for public valuation benchmarks?

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What are recent M&A transactions in First Internet Bank's sector and industry vertical?

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What are recent capital raises and funding rounds in First Internet Bank's' sector and industry vertical?

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