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enerbank

enerbank.co.jp

Founded Year

2018

Stage

Seed VC - II | Alive

Total Raised

$1.85M

Last Raised

$1.38M | 4 mos ago

About enerbank

enerbank is a provider of energy tech services. It operates eneoku, a B2B energy procurement platform that allows corporations to compare electricity plans from retail electricity providers across Japan. It was founded in 2018 and is based in Tokyo, Japan.

Headquarters Location

Niu Building 2F 2-chōme-1-17 Nihonbashi, Chuo-ku

Tokyo, 103-0027,

Japan

+81 03-6868-8463

enerbank's Product Videos

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enerbank's Products & Differentiators

    Eneoku

    Eneoku utilizes a reverse auction method and digital technology to facilitate consumers, such as corporations and local governments, to make a contract with electricity retailer that provide cheaper electricity than their current contract.

Expert Collections containing enerbank

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

enerbank is included in 1 Expert Collection, including Grid and Utility.

G

Grid and Utility

1,554 items

This collection includes companies that are working on software and hardware to improve grids, utilizing new pricing models, and developing microgrids.

Latest enerbank News

Regions Financial : 4Q22 Earnings Presentation -

Jan 20, 2023

01/20/2023 | 06:11am EST Message : January 20, 2023 Key Performance Metrics Diluted Earnings 4Q NII grew to a record $1.4B Reported 4Q NIM increased 46 bps to 3.99%, highest level in last 15 years Implemented additional OD policy enhancements benefiting customers Asset sensitive profile supports strong QoQ margin expansion Produced robust YTD average Commercial and Consumer loan growth Continued focus on disciplined capital allocation and risk-adjusted returns Top quartile returns on ROATCE and 1 & 3 year TSR(2) Non-GAAP,see appendix for reconciliation. (2) Peer banks include: CFG, CMA, FHN, FITB, HBAN, HWC, KEY, MTB, SNV, PNC, TFC, USB, and ZION. 2 CORPORATE Ascentium Capital experienced record 2022 loan production, up 25% YoY Sabal closed +$730M loans in 2022, FNMA small balance origination Top talent acquisition in key areas: SBA, Franchise, New Markets Tax Credits & Equip. Finance Mobile users increased EnerBank generating high quality loans; synergy work ongoing Significantly improved closing time on home equity products Completed $13B UPB MSRs bulk purchases & continue to purchase MSRs on a flow basis Upgraded mortgage contact relationship(2) of 14.5% up 17%, over PY 40% of all PWM Clients have a Wealth Plan, allowing us to help them focus on their unique goals Strong Client Satisfaction and Associate Engagement scores October 2022 vs 2021. (2) Quality Relationships defined as having a cumulative $500K in loans, deposits and IM&T accounts, revenue per Quality Relationship measured over TTM, Nov '22 vs Dec '21. (3) Retention of IM&T revenue vs baseline. 3 QoQ highlights & outlook Avg business loans increased 2% reflecting high-quality,broad-based growth across financial services, wholesale durables, information services and multi-family Line commitments increased ~$800M and utilization increased to 43.4% Expect pace of loan growth to slow over time as capital market conditions become more favorable PPP loans ended the quarter at ~$135M Avg consumer loans declined 1% but grew 2% on an ending basis; Growth in avg mortgage, EnerBank and credit card offset by consumer loan sale in 3Q and continued run-off of exit portfolios Other Consumer includes ~14% growth in avg EnerBank loans Expect 2023 reported ending loan balances to grow ~4% compared to 2022 4 Avg total consumer balances modestly lower, driven by higher-balance customers seeking investment alternatives Avg corporate deposits down 2% reflecting more evidence of normalization; Business clients continued to optimize liquidity position, remixing away from NIB to other options both on-balance sheet & those managed through our Treasury Mgt platform off-balance sheet Ending deposits declined $7.3B YoY, in line with previous 2022 expectations Total ending deposits expected to decline $3-5B over 1H23; considers impact of Fed bal. sheet normalization, seasonal trends, & late- cycle rate seeking behavior; 2H23 expected to be stable/modest growth Deliberate approach to managing liquidity allows for expected deposit normalization & growth in the balance sheet without need for material wholesale borrowings in near-term Consumer Bank

enerbank Frequently Asked Questions (FAQ)

  • When was enerbank founded?

    enerbank was founded in 2018.

  • Where is enerbank's headquarters?

    enerbank's headquarters is located at Niu Building 2F, Tokyo.

  • What is enerbank's latest funding round?

    enerbank's latest funding round is Seed VC - II.

  • How much did enerbank raise?

    enerbank raised a total of $1.85M.

  • Who are the investors of enerbank?

    Investors of enerbank include Genesia Ventures, SMBC Venture Capital and Spiral Ventures.

  • Who are enerbank's competitors?

    Competitors of enerbank include Enechange.

  • What products does enerbank offer?

    enerbank's products include Eneoku.

Compare enerbank to Competitors

Enechange Logo
Enechange

Enechange (TYO: 4169) operates an energy price comparison service. It was founded in 2015 and is based in Tokyo, Japan.

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