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Bank
FINANCIAL | Retail Banking
additionfi.com

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Investments

1

Partners & Customers

2

About Addition Financial

Addition Financial is a member-owned, not-for-profit financial cooperative, offering comprehensive financial solutions that help members achieve their financial goals.

Addition Financial Headquarter Location

1000 Primera Blvd

Lake Mary, Florida, 32746,

United States

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Addition Financial Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Addition Financial Rank

Latest Addition Financial News

Addition Financial picks Backbase to provide customer personalisation

May 13, 2020

13th May 2020 Florida-based credit union Addition Financial has selected Backbase to provide it with technology to enable greater personalisation. Addition Financial aims to match the big banks Founded in 1937, Addition Financial holds over $2 billion in assets under management, and counts around 160,000 people among its membership. According to Backbase, the credit union wants to operate digitally “with the sophistication of a big bank.” “The size of our member base wouldn’t fit a one-size-fits all approach,” states Kevin Wright, Addition Financial chief information officer. “Instead, collaborating with Backbase will allow us to offer a unique experience that is tailored to fit our members’ demands – this means we can meet their needs now, and into the future.” According to a survey from Co-op Financial Services, US-based credit unions are planning digitisation programmes on a large scale. 73% of those it asked said they were planning to increase digital budgets in the next year. “Backbase is committed to helping partners break down silos to deliver the most seamless user experiences,” says Jouk Pleiter, Backbase CEO. “The current climate we are in is a harsh revelation that a flawless digital offering, for retail and business, is now more important than ever. Addition Financial now has this, and it will allow the credit union to keep supporting the local community in the best way possible.”

Addition Financial Investments

1 Investments

Addition Financial has made 1 investments. Their latest investment was in Fauna as part of their Series A - III on July 7, 2020.

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Addition Financial Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/1/2020

Series A - III

Fauna

$27M

Yes

9

Date

7/1/2020

Round

Series A - III

Company

Fauna

Amount

$27M

New?

Yes

Co-Investors

Sources

9

Addition Financial Acquisitions

2 Acquisitions

Addition Financial acquired 2 companies. Their latest acquisition was Fidelity Bank of Florida on January 25, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/25/2020

Merger

1

1/25/2019

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$99M

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10

Date

1/25/2020

1/25/2019

Investment Stage

Companies

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Valuation

Total Funding

$99M

Note

Merger

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Sources

1

10

Addition Financial Partners & Customers

2 Partners and customers

Addition Financial has 2 strategic partners and customers. Addition Financial recently partnered with Valencia College on July 7, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

7/6/2020

Partner

Valencia College

United States

Addition Financial Launches Valencia College Branded Debit Card.

`` With the introduction of the new Valencia College-branded debit card , we 're pleased to continue our partnership with Addition Financial , which is committed to fostering financial literacy for our students , '' said Jeffrey Filko , Director of Auxiliary Services at Valencia College .

1

5/8/2020

Vendor

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10

Date

7/6/2020

5/8/2020

Type

Partner

Vendor

Business Partner

Valencia College

Country

United States

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News Snippet

Addition Financial Launches Valencia College Branded Debit Card.

`` With the introduction of the new Valencia College-branded debit card , we 're pleased to continue our partnership with Addition Financial , which is committed to fostering financial literacy for our students , '' said Jeffrey Filko , Director of Auxiliary Services at Valencia College .

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Sources

1

10

Addition Financial Team

6 Team Members

Addition Financial has 6 team members, including current Chief Executive Officer, President, Kevin Miller.

Name

Work History

Title

Status

Kevin Miller

Chief Executive Officer, President

Current

Kevin J Dougherty

Chief Operating Officer

Current

Kevin Wright

Chief Information Officer

Current

Linh Dang

Senior Vice President

Current

Kevin Miller

Senior Vice President

Current

Name

Kevin Miller

Kevin J Dougherty

Kevin Wright

Linh Dang

Kevin Miller

Work History

Title

Chief Executive Officer, President

Chief Operating Officer

Chief Information Officer

Senior Vice President

Senior Vice President

Status

Current

Current

Current

Current

Current

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