Thread Raises $30.5 Million to Continue Building the Future of Embedded Banking

Audio By Carbonatix

NASHVILLE, Tenn.--(BUSINESS WIRE)--Dec 16, 2025--

Thread Bancorp, Inc. (“Thread” or the “Company”), the parent company of Thread Bank (the “Bank”), a wholly-owned subsidiary, today announced it has closed a $30.5 million funding round, consisting of a $27.6 million initial raise and a $2.9 million extension. Portage Ventures led the round, with additional participation from Rockmont Partners and other strategic investors.

This investment supports the continued growth and development of Thread’s burgeoning Embedded Banking strategy, which has transformed the Company since its founding in 2021 from a traditional community institution to a tech-forward community banking leader with a nationwide customer base. Thread’s customer-centric model aims to provide embedded “digital branches” through leading small business and consumer brands and vertical SaaS companies.

“From the outset, our mission at Thread has been to use technology to meet customers where they live their financial lives and conduct their financial business, challenging traditional methods and paradigms for delivering banking products and services,” said Chris Black, CEO, President, and member of the Board of Directors of Thread. “This funding round, backed by seasoned financial technology and banking investors, serves as a resounding vote of confidence in our team, embedded approach, and customer-first vision for the future of banking.”

The funding round comes on the heels of a significant growth period for Thread, as the Bank now manages more than $2 billion in partner deposits and grew Embedded Deposits by more than three times from January 2024 - October 2025, an approximately 75% annualized growth rate. In the past year, Thread has launched significant, industry-leading partnerships, including selecting Finxact as its new core banking platform and working with LoanPro to modernize lending operations. Thread also opened its new corporate headquarters in Nashville, Tennessee, in April.

With the closing of this funding round, Thread has now raised a total of more than $100 million in Tier 1 capital across multiple rounds, marking a significant milestone for the Company. Backed by new capital, Thread aims to continue its recent growth and momentum, scaling and broadening its Embedded Banking offerings to drive the industry forward and serve as a model for fellow community banks.

To learn more about Thread Bank, visit www.thread.bank.

About Thread Bank
Thread Bank, a wholly owned subsidiary of Thread Bancorp, Inc., is an FDIC-insured bank providing embedded and digital banking services nationwide and local community banking in Eastern Tennessee. To learn more about Thread Bank, visit thread.bank and connect with them on LinkedIn.

View source version on businesswire.com:https://www.businesswire.com/news/home/20251215798053/en/

CONTACT: Media Contact

Caliber Corporate Advisers

[email protected]

KEYWORD: TENNESSEE UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: BANKING FINTECH PROFESSIONAL SERVICES FINANCE

SOURCE: Thread Bancorp, Inc.

Copyright Business Wire 2025.

PUB: 12/16/2025 09:00 AM/DISC: 12/16/2025 09:00 AM

http://www.businesswire.com/news/home/20251215798053/en