Bank of DL

Bank of DL is a prominent online financial services platform established in 2015, headquartered in San Francisco, California, operating under the legal name Digital Lending Inc. The platform has grown to serve over 2.5 million registered users across 48 states in the United States, with annual revenue reported at $175 million as of 2022. Bank of DL specializes in providing digital banking services, personal loans, and investment products through its mobile application and web interface. The company secured $85 million in Series C funding in 2021 from venture capital firms including Sequoia Capital and Andreessen Horowitz, which has enabled significant expansion of its product offerings and technological infrastructure. Bank of DL offers a mobile banking app with version 4.2.1, providing features including real-time transaction monitoring, budgeting tools with AI-powered spending analysis, and FDIC-insured savings accounts with a minimum balance of $1. The platform's personal loan products range from $500 to $50,000 with APRs starting at 5.99%, and it offers investment options through partnerships with Betterment and Robinhood. Notable corporate partnerships include integrations with Zelle for peer-to-peer payments and Plaid for bank account verification. The company has received several industry awards, including being named 'Best Digital Bank' by FinTech Breakthrough in 2020 and 2022, and 'Most Innovative FinTech Company' by American Banker in 2021. Bank of DL holds regulatory licenses in all operating states, including the National Industrial Bank charter (Charter #35354) and money transmitter licenses in 35 states. The platform provides users with free access to their FICO credit scores and offers identity theft protection services through a partnership with Experian