Avanti Bank Revenue and Competitors

Location

N/A

Total Funding

Banking

Industry

Estimated Revenue & Valuation

  • Avanti Bank's estimated annual revenue is currently $7.6M per year.(i)
  • Avanti Bank's estimated revenue per employee is $168,000

Employee Data

  • Avanti Bank has 45 Employees.(i)
  • Avanti Bank grew their employee count by 25% last year.

Avanti Bank's People

NameTitleEmail/Phone
1
Co-founder & Chief Technology OfficerReveal Email/Phone
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$7.6M4525%N/AN/A
#2
$7.2M438%N/AN/A
#3
$6.7M40-9%N/AN/A
#4
$27.7M13210%N/AN/A
#5
$5.9M359%N/AN/A
#6
$16.4M78-5%N/AN/A
#7
$11M585%N/AN/A
#8
$2.4M1912%N/AN/A
#9
$11.3M605%N/AN/A
#10
$1.9M15-6%N/AN/A
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What Is Avanti Bank?

Avanti Bank & Trust is a Wyoming bank formed to serve as a compliant bridge to the U.S. dollar payments system and a custodian of digital assets that can meet the strictest level of institutional custody standards. Avanti is required to fully comply with all applicable laws and regulations, including the Bank Secrecy Act and federal “know your customer,” anti-money laundering and related laws and regulations. Avanti will also comply with Wyoming's special purpose depository institution and digital asset laws, which include requirements that fiat deposits be 100% reserved and that Avanti meet the strictest consumer protections in the digital asset industry. Avanti plans to open its doors by early 2021.

keywords:N/A

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Total Funding

45

Number of Employees

$7.6M

Revenue (est)

25%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Avanti Bank News

2022-04-20 - Federal Reserve delays approval of master accounts for ...

... Kraken Bank and Custodia Bank (formerly Avanti Bank and Trust). ... approval for SPDI charters from the Wyoming Division of Banking,...

2022-04-13 - Avanti wraps financial reconstruction

The financial reconstruction also sees Avanti pass to Glas Trust Corp. Ltd. (as one of the Primary Security Agents which also includes The Bank...

2022-03-22 - Kraken Hits Key Milestone in Quest to Gain Fed Account, Equal Treatment With Traditional Banks

Kraken Bank, the Wyoming subsidiary of the Kraken crypto exchange ... Custodia Bank (formerly Avanti) was given a routing number last month.

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$9.7M455%N/A
#2
$15M47-2%N/A
#3
$7.5M514%N/A
#4
$11.9M520%N/A
#5
$12.9M53-13%N/A