FundedIQ
Financial Services

Acceleron Bank: Funding, Investors & Team (Oct 2026)

Acceleron Bank, In Formation builds innovative software that helps community banks and credit unions automate international payments through an FX marketplace. Our technology streamlines wire processing, ensuring seamless end-to-end data transfer and enabling transactions in over 90 countries at reduced rates. Serving over 200 financial institutions and orchestrating over $1 billion in international payments annually, Acceleron helps small banks generate non-interest income and compete more effectively with high-fee big banks. Our correspondent banking solutions integrate seamlessly with leading payment platforms, ensuring quick implementation and smooth operation. Acceleron is dedicated to leveling the playing field, protecting community banks from de-risking, and ensuring they can thrive in the modern financial landscape.

acceleronbank.com LinkedIn White River Junction, United States 11-50 employees
Banking Financial Services FinTech Payments B2B B2C
Total raised
$1.4M
Rounds
1
Latest
Undisclosed round
Nov 2024

Acceleron Bank has raised $1.4M across 1 funding round on record, the most recent an undisclosed round of $1.4M announced in Nov 2024.

That round is below the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.

Acceleron Bank Company Profile and Key Stats

Total funding raised
$1.4M
across 1 round on record
Funding rounds on record
1
Latest funding round
Undisclosed round
$1.4M in Nov 2024
Employees
11-50
reported band
Headquarters
White River Junction, United States

Latest funding round on record: Nov 2024.

Acceleron Bank Funding Rounds

Date
Round
Amount
Undisclosed round
$1.4M

Acceleron Bank Founders and Leadership Team

Name
Role
Contact
Damon Magnuski
Founder
Locked

Contact details for the Acceleron Bank team: 1 of 1 has an email address on file.

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Acceleron Bank Funding Compared to Other Financial Services Startups

Segment
Companies
Median round

Acceleron Bank's latest round of $1.4M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.

Funded Startups Like Acceleron Bank in Financial Services and White River Junction

Companies Similar to Acceleron Bank

Acceleron Bank Funding FAQs

What does Acceleron Bank do?

Acceleron Bank, In Formation builds innovative software that helps community banks and credit unions automate international payments through an FX marketplace. Our technology streamlines wire processing, ensuring seamless end-to-end data transfer and enabling transactions in over 90 countries at reduced rates. Serving over 200 financial institutions and orchestrating over $1 billion in international payments annually, Acceleron helps small banks generate non-interest income and compete more effectively with high-fee big banks. Our correspondent banking solutions integrate seamlessly with leading payment platforms, ensuring quick implementation and smooth operation. Acceleron is dedicated to leveling the playing field, protecting community banks from de-risking, and ensuring they can thrive in the modern financial landscape.

How much funding has Acceleron Bank raised?

Acceleron Bank has raised $1.4M across 1 round on record. The most recent is an undisclosed round of $1.4M announced in Nov 2024.

When did Acceleron Bank last raise funding?

Acceleron Bank's most recent funding round on record is an undisclosed round of $1.4M, announced in Nov 2024.

Who founded Acceleron Bank?

FundedIQ lists Damon Magnuski (Founder) at Acceleron Bank.

Where is Acceleron Bank headquartered?

Acceleron Bank is based in White River Junction, Vermont, United States.

How many employees does Acceleron Bank have?

Acceleron Bank is in the 11-50 employee band.

How does Acceleron Bank's funding compare to other Financial Services startups?

Acceleron Bank's latest round of $1.4M is below the $15M median round size for Financial Services companies on FundedIQ across 5,751 tracked companies over the last two years.

About FundedIQ's Acceleron Bank Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Acceleron Bank is left off this page rather than filled in.

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