First Internet Bancorp Funding: How Much Did They Raise & Key Investors

How Much Did First Internet Bancorp Raise?
Funding & Key Investors

First Internet Bancorp has secured $28.8M in total capital, with a recent strategic investment of $28.8M. This major enterprise-level funding marks a significant milestone for the Fishers, Indiana-based financial institution, underscoring its robust market position and growth potential in the competitive banking sector. The latest financing round, dated September 29, 2013, was characterized as a major strategic investment, signaling confidence from stakeholders in the company's future trajectory.

What is First Internet Bancorp?

First Internet Bancorp

Finance

Banking

Lending & Brokerage

First Internet Bancorp functions as the bank holding company for First Internet Bank of Indiana. It offers a comprehensive suite of banking products and services, including commercial, small business, consumer, and municipal banking. The company's deposit offerings encompass non-interest bearing and interest-bearing demand accounts, commercial deposits, savings, money market, and Banking-as-a-Service brokered deposits, alongside certificates of deposit. Its lending portfolio is diverse, featuring commercial and industrial loans, owner-occupied and investor commercial real estate financing, construction loans, residential mortgages, home equity lines of credit, and small installment loans. Additionally, First Internet Bancorp provides specialized financing in areas such as single tenant lease, public and healthcare finance, franchise finance, and small business lending. The company also engages in the management and safekeeping of municipal securities and offers corporate credit card and treasury management services.

How much funding has First Internet Bancorp raised?

First Internet Bancorp has raised a total of $28.8M across 1 funding round:

2013

Stock Offering

$28.8M

Stock Issuance/Offering (2013): $28.8M, investors not publicly disclosed

What's next for First Internet Bancorp?

The substantial enterprise-level capital infusion and recent strategic investment position First Internet Bancorp for accelerated expansion and enhanced service offerings. This backing is expected to fuel further development in its digital banking capabilities and broaden its reach within the commercial and consumer markets. The company's focus on specialized financing segments, such as public finance and franchise lending, combined with its robust deposit base, provides a solid foundation for sustained growth. Future strategic initiatives will likely involve leveraging this capital to innovate in Banking-as-a-Service and strengthen its competitive edge in the evolving financial landscape.

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