BankLabs
Little Rock, Arkansas, United States
How BankLabs hit $4M revenue with a 38 person team in 2023.
BankLabs, founded by community bankers for community bankers, is committed to developing innovative mobile technology solutions aimed at enhancing efficiency, fostering stronger relationships, and expanding business opportunities for community banks. Recognizing the pivotal role of community banking in America's economy, BankLabs believes in the importance of personal relationships, physical presence, and effective decision-making as core to a community bank's competitive edge. In response to the growing challenges community banks face—from the pressure of out-of-market competitors and non-bank entities to the complexities of regulatory compliance—BankLabs offers web-based, real-time, mobile-capable tools. These tools are designed to support community bankers in every aspect of their operations, ensuring they can meet the demands of the modern financial landscape effectively. A standout innovation from BankLabs is Participate, a patented Loan Participation Automation platform that transforms the loan participation process for community banks. This platform not only streamlines and simplifies transactions but also promotes collaboration among banks. As a result, banks can buy and sell loans with greater efficiency, mitigate risks, and bolster their balance sheets. Beyond Participate, BankLabs has streamlined the management of Other Real Estate Owned (OREO) through automation and has introduced innovative marketplace technology. This technology assists community banks in selling properties, thereby enabling them to efficiently remove these assets from their balance sheets. BankLabs' contribution to the community banking sector extends to its development and eventual sale of two significant products, Construct and +Pay, to Abrigo—a company supported by notable investors Carlyle-Accel-KKR. Through providing essential tools designed for success in an evolving financial landscape, BankLabs is dedicated to empowering community bankers. This commitment not only allows community banks to thrive but also plays a crucial role in driving local economic growth, thereby reinforcing the foundation of America's economy.
2010
Founded
$4M
2023 Revenue
-----
YOY
$0
Funding
BankLabs Revenue
In 2023, BankLabs revenue run rate hit $4M in revenue.
-
2023
BankLabs hit $4M in revenue in 2023
-
2010
BankLabs launched in 2010 with $0 revenue
BankLabs Funding History
No funding has been reported for BankLabs yet.
Team
BankLabs has 38 total employees.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 38 |
Founder / CEO
Michael Montgomery
Q&A
-
What's your age?
-
-
Favorite online tool?
-
-
Favorite book?
-
-
Favorite CEO?
-
-
Advice for 20 year old self
-
Customers
Churn
BankLabs Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Michael Montgomery | CEO | [email protected] | - |
BankLabs Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Michael Montgomery | CEO | [email protected] | - |
Frequently Asked Questions about BankLabs
-
When was BankLabs founded?
BankLabs was founded in 2010.
-
How much revenue does BankLabs generate?
BankLabs generates $4M in revenue.
-
Who is the CEO of BankLabs
The CEO of BankLabs is Michael Montgomery.
-
How much funding does BankLabs have?
BankLabs raised $0.
-
How many employees does BankLabs have?
BankLabs has 38 employees.
-
Where is BankLabs headquarters?
BankLabs is headquartered at Little Rock, Arkansas, United States
People Also Viewed
Textline
Textline is a business texting app that lets you text message customers from your computer. SMS is the most convenient communication channel for your team.
MaestroQA
Provider of an open market orchestration platform intended to track customer behavior and analyze their preferences. The company's platform tracks application usage, feedback, user psychology and analytics of customer experience to deliver personalized and coordinated marketing experiences across marketing channels, enabling managers to empower agents with real-time feedback, granular insight into agent performance and pinpointed coaching.
Clavister
Clavister is a provider of web based security and unified threat management software. The company offers virtual series network security products for virtual and cloud based security that include virtual private server, virtual private cloud and hosted data center. The company continues to grow by making periodic small acquisitions.
Timma
Provider of an online platform designed to help users to book for hair and massage services. The company's platform offers calendar and cash management services, enabling users to compare places easily by price, rating and location.
eifas
SaaS Financial Advisory Platform
Sensika Technologies
Sensika Technologies, a cloud-based, single-access-point information intelligence platform, supports sound and agile business decisions.