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Coastal Financial Corporation

Banking and Financial Services
Founded
--
Employees
--
Total Funding
$85.2M
Funding Rounds
1
Last Funding
2024-12-10

About Coastal Financial Corporation

Coastal Community Bank combines traditional banking with innovative Embedded Finance solutions, focusing on financial innovation and customer needs to provide secure, flexible services that help businesses excel in the digital age. With over 22 years of commitment to community involvement, they aim to make a positive difference in the communities they serve.

Products & Services

Business Checking Accounts:Business checking accounts with online and mobile accessibility for various types of businesses and non-profits.
Business Savings Accounts:Traditional savings accounts, Certificates of Deposit, or Money Market Accounts to fuel business growth.
Business Loans:A variety of business loans and financing solutions including term loans, commercial loans, and lines of credit.
Business Online Banking:Access business bank accounts anytime, pay bills online, and view statements from a secure portal.
Treasury Management:Financial solutions for daily business operations including fraud management, ACH, online banking, and sweeps.
Credit Card Processing:Solutions to accept payments online, in-store, or on the go, including e-commerce and mobile merchant services.
IntraFi Cash Service:Additional FDIC insurance on large deposits through a network of financial institutions without needing multiple bank accounts.
ZSuite Technologies:Tools to automate rent or condo dues collection with ZRent or manage commercial sub-accounts with ZEscrow.
Personal Savings Accounts:Savings options including money market accounts, CDs, or IRAs to manage personal cash.
Home Loans:Personal home loans and home equity loans with local lenders familiar with regional markets.
Personal Online Banking:Access personal accounts anytime with secure features like Bill Pay and eStatements.
Mobile Banking:Access accounts from any mobile device with features like Zelle and Mobile Wallets.
Individual Retirement Accounts (IRA):Retirement accounts including traditional, Roth, Flex IRA, or fixed-term IRA CDs.
Personal Banking Services:Services including surcharge-free ATMs, debit cards, cashier’s checks, money orders, and foreign currency.

Specialties

Embedded Finance Solutions Digital Banking Infrastructure Fintech Support Compliance and Risk Management Technology Advancements in Banking

Funding History

Debug: View Raw Funding Data
# Type Amount Fields Date Fields Investors
1 RT: Public Offering
T: -
FT: Public Offering
A: 85200000
MR: -
FA: approximately $85.2 million
FAN: 85200000
D: 2024-12-10
FD: 2024-12-10
4 investors
Public Offering Latest
2024-12-10
$85.2M
4 investors (Pro only)

Growth Metrics

+45%
Employee Growth
YoY
3.2x
Funding Growth
Last Round
12
Markets
Operating
10K+
Customers
Active

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Team & Leadership

No team data available

Team information is not yet available for this company

Recent News

Coastal Financial Corporation Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

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Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

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Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

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Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised

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Company Details

Industries
Banking and Financial Services

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Technology Stack

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