Company profile: First Internet Bancorp
1.1 - Company Overview
Company description
- Provider of nationwide, branchless online banking via First Internet Bank of Indiana, offering consumer, small business, and commercial banking services. Products include checking accounts, consumer lending (personal loans and mortgages), and commercial lending.
Products and services
- Online Banking Services: First Internet Bank delivers an FDIC-insured online banking system for consumers, small businesses, and commercial clients, offering a branchless model accessed entirely through its digital platform
- Commercial Lending: First Internet Bank supplies commercial lending products that cater to businesses’ diverse financial needs via its online platform, featuring nationwide access for firms seeking credit
- Consumer Lending: First Internet Bank offers consumer lending components—personal loans and mortgages—accessible through its branchless online platform, enabling borrowers to apply and manage credit digitally
Key contacts
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Financial details
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1.2 - Competitors and similar companies to First Internet Bancorp
Empyrean Solutions
HQ: United States
Website
- Description: Provider of balance sheet management software and services, including implementation, training, and consulting. Offerings include Empyrean ALM for cash flow, forecasting, and simulation; Liquidity Stress Testing; Deposit Analytics; Funds Transfer Pricing; Capital Planning & Stress Testing; and a CECL Calculator, designed for ease of use and fast calculations.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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Doconomy
HQ: Sweden
Website
- Description: Provider of Sweden-based fintech digital banking services that enable sustainable lifestyles, offering Impact Transactions to convert and categorize transactions into CO2e impact, Impact Activity for lifestyle-based carbon footprint assessment and improvement, Impact Education for tools to reduce climate footprint, and Impact Finance, a savings solution linking financial well-being with sustainable behaviors and templates for green investments.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
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NCR
HQ: United States
Website
- Description: Provider of consumer transaction technologies and self-service and assisted-service solutions that enable businesses to connect, interact and transact with customers across financial services, retail, hospitality, travel, gaming, entertainment, telecom and technology industries. Offerings include NCR Voyix and NCR Atleos, distinct companies formed from NCR Corporation that focus on consumer transaction technologies.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
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Brismo
HQ: United Kingdom
Website
- Description: Provider of lending performance data and standardized metrics to assess and compare loan performance, enabling originators to create credible performance metrics and investors to deploy capital more productively and cost effectively. Covers SME, consumer, real estate, and receivables, and offers industry-specific performance benchmarks.
- 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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Joust
HQ: United States
Website
- Description: Provider of merchant services and business banking for the self-employed, delivered via a chartered, FDIC-insured community bank (nbkc) and PayArmour, a proprietary invoice factoring service, with technology powered by Q2 and StoneCastle's banking-as-a-service solution.
- 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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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for First Internet Bancorp
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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 Bancorp
2.2 - Growth funds investing in similar companies to First Internet Bancorp
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4 - Top valuation comps for First Internet Bancorp
4.2 - Public trading comparable groups for First Internet Bancorp
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