SmartBank, Inc. raised $26.5M in a series B funding round led by SMBC-GB Growth Fund and Japan Post Bank to transition its platform to an AI-driven financial system.

Nov 12, 2024•9 months ago

Amount Raised

$26

Round Type

series b

Pigeon ForgeBanking

Investors

Spiral Regional Innovation 1 Investment Limited PartnershipJapan Post BankSeven BankSmbc Gb Growth Fund

Description

SmartBank, Inc., a Tokyo-based financial platform, has announced the first close of its series B funding round, raising approximately $26.5 million. The funding aims to enhance its platform by integrating AI-driven features for better financial management.

Company Information

Company

SmartBank

Location

Pigeon Forge, Tennessee, United States

About

SmartBank emerged in January 2006, when long-time executive bankers Bill Carroll and Billy Carroll decided to start the process of organizing a bank with the image, values and service level that would become incomparable to any other bank in the market. SmartBank opened its first office in January 2007 in Pigeon Forge, Tennessee. Today, SmartBank has 42 branches spanning Tennessee, Alabama and Florida. Recruiting the best people, delivering exceptional client service, strategic branching and a conservative and disciplined approach to lending have all given rise to SmartBank’s success. At SmartBank, we are committed to creating a better bank, and we will continue to work hard and capitalize on opportunities that build value for our shareholders, clients and associates.

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