Seed

bankingtech

STATUS: Acquired/Merged
FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 19/01/2021

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About

Seed is simply a better way to bank. As a mobile first banking service designed with the small business in mind, Seed empowers small businesses with modern, easy-to-use digital tools and customer-support resources for starting, running, and growing a business. With Seed, business banking has never been easier. Learn more at https://seed.co

MEDICI Analysis

SEED is a business banking solution for the modern era. SEED offers up to $50 million of FDIC insurance, instead of the $250,000 offered by traditional banks, as well as free domestic wire transfers, free ACH transactions, free check sending, and low cost international payments.

Focus

PRODUCTS & SERVICES

Modern Business Banking. Helps small businesses to avoid unnecessary fees and makes it easier to start and manage a business.

REVENUE MODEL

Subscription Revenue Model, i.e. flat monthly pricing model with multiple tiers based on volume, account balance, and other factors.

MAIN CLIENTS

Mobile bank

Small business

COMMENT

Supports traditional core banking services like ACH, cards, and legacy payments while integrating with modern payment systems on an open banking platform/API.

Traction

VALUATION / MARKET CAP:

$800 K in 2015

COMPANY TYPE:

For Profit

Momentum

FUNDED

NO

NUMBER OF FUNDING ROUNDS

2

TOTAL FUNDING

$5.12 M

DATE OF LAST FUNDING

Aug 2017

IPO STATUS

Private

ESTIMETED REVENUE RANGE

$1M to $10M

SEED & PRIOR FUNDING

$120 K

SEED CLOSED ON

Aug 2017

LISTED

NO

company provided insights
Acquisitions

M&A

ACQUIRED BY

Cross River Bank

ANNOUNCED DATE

Jun 2019

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

4,557

AVERAGE VISITS (6 MONTHS)

6,666.91

MONTHLY VISITS GROWTH

-58.53%

VISIT DURATION

56

VISIT DURATION GROWTH

315.06%

PAGE VIEWS VISIT

2.02

PAGE VIEWS VISIT GROWTH

92.86%

BOUNCE RATE

76.48%

BOUNCE RATE GROWTH

-19.36%

GLOBAL TRAFFIC RANK

2,495,653

MONTHLY RANK CHANGE

152,003

MONTHLY RANK GROWTH

6.49%

Innovation Programs

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