Thread Bancorp Raises $30.5 Million to Pioneer the ‘Digital Branch’ Future of Embedded Banking
Thread Bancorp, Inc. (“Thread”), the parent company of Thread Bank, today announced the successful closing of a $30.5 million funding round. The capital, comprising a $27.6 million initial raise and a $2.9 million extension, is set to significantly accelerate the company’s pioneering Embedded Banking strategy. The investment was spearheaded by Portage Ventures, a leading global…
