When was Banyan founded?

Banyan was founded in 2013 and raised its 1st funding round 2 years after it was founded.

Where is Banyan located?

Banyan is headquartered in Holmdel, United States.

How many employees does Banyan have?

As of Oct 31, 2026, the latest employee count at Banyan is 36.

Is Banyan a funded company?

Banyan is a funded company, having raised a total of $54.5M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 21, 2015.

When was the latest funding round of Banyan?

Banyan's latest funding was a $***** Series A round on Oct 19, 2022, with participation from 6 investors.

Where does Banyan rank among its competitors?

Banyan ranks 5th amongst 742 active competitors, of which 110 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Condor, which secured $24M in Mar, 2026.

Who are the top competitors of Banyan?

Banyan's top competitors include Anaplan, Vena Marketing and Pigment. Among them, Condor secured the most recent funding round in March, 2026.

Banyan - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of a platform for receipt data to power commerce innovation. The platform enables merchants and financial services partners to unlock transaction data. It facilitates secure collaborations to power commercial and consumer applications. The platform enriches transactions with data to unlock solutions via a secure connection.

Website: www.banyan.com/
Social
Email ID: *****@banyan.com

Key Metrics

Founded Year

2013

Location

Holmdel, United States

Stage

Acquired

Total Funding

$54.5M in 8 rounds

Latest Funding Round

Series A, Oct 19, 2022, $*****

Investors

M13 Company & 25 more

Ranked

5^th among 742 active competitors

Employee Count

36 as on Oct 31, 2026

Investment & Acquisitions

Validus Group & 1 more

Similar Companies

Anaplan & 879 more

Exit Details

Acquired by Bilt Rewards (Mar 13, 2025)

View Banyan's full profile

Banyan is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
ROTOMAIRE, INC. CIN: 84-2741806 , United States, Active		-	-	-
Banyan Inc CIN: 59-192244 , United States, Active	Dec 31, 2018	-	-	-

Banyan got acquired by Bilt Rewards on Mar 13, 2025.

Click here to take a look at Banyan's acquisition in detail

Banyan has raised a total funding of $54.5M over 8 rounds. Its first funding round was on Apr 21, 2015. Its latest funding round was a Series A round on Oct 19, 2022 for $*****. 6 investors participated in its latest round. Banyan has 23 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Banyan:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 19, 2022	3553969	Series A	2375969	7541117	6398075	4586836
Oct 19, 2022	7837647	Venture Debt	4716914	3326241	4197725	Fin Capital & 3 more
Jul 30, 2021	9841682	Series A	7872499	4185319	6294896	Fin Capital

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View details of Banyan's funding rounds and investors

The founders of Banyan are Steve Miller and Brandon Andra. Jehan Luth is the CEO of Banyan.

Here are the details of Banyan's key team members:

Steve Miller: Former Co-Founder of Banyan and founder of 1 other company.
Brandon Andra: Former Co-Founder of Banyan and founder of 1 other company.

Banyan's Board of Directors

Banyan's board has 7 active members. Logan Allin, Steve McLaughlin, Jehan Luth, Wilfried Schobeiri, Rob Olson, Michael Budde and Janey Whiteside are independent board members.

Here is the list of Banyan's board of directors:

Name	Type	Representing	Status	Duration
Logan Allin	Independent board member	-	Current	4y 5m
wzawuso	Independent board member	-	Current	4y 4m
oatyihc	Independent board member	-	Current	6y 2m
zvfysmq	Independent board member	-	Current	5y 9m
xtpfeqd	Independent board member	-	Current	6y 5m
dxlzm{u	Independent board member	-	Current	6y 7m
qfcyee{	Independent board member	-	Current	7y 8m

View details of Banyan's Founder profiles and Board Members

Banyan's employee count trend

Banyan has 36 employees as of Oct 26. Here is Banyan's employee count trend over the years:

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Top competitors of Banyan include Anaplan, Vena Marketing and Pigment. Here is the list of Top 10 competitors of Banyan, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Anaplan 2006, San Francisco (United States), Acquired	Provider of cloud-based platform for scenario planning, analysis, and reporting	$300M	Premji Invest, Meritech & 28 others	77/100
2nd	Vena Marketing 2011, Toronto (Canada), Series C	Provider of financial planning and analysis platform for business performance	$385M	JMI Management, Mogo & 7 others	73/100
3rd	Pigment 2019, Paris (France), Series D	Business planning and project management platform for businesses	$397M	Iconiq Capital, Meritech & 11 others	73/100
4th	Datarails 2015, New York City (United States), Series C	Developer of financial planning and analysis software for spreadsheet users	$175M	Zeev Ventures, Vertex Ventures Israel & 20 others	71/100
5th	Banyan 2013, Holmdel (United States), Acquired	Provider of a platform for receipt data to power commerce innovation	$54.5M	Frazier VC, Kickstart Fund & 24 others	70/100
6th	Kontist 2016, Berlin (Germany), Acquired	Digital bank for freelancers and self-employed	$46.7M	Founders, Vaekstfonden & 2 others	64/100
7th	FinAlyzer 2010, Bengaluru (India), Series A	Developer of financial consolidation, analytics, management, and reporting software	$4.42M	Avant Global & 7 others	62/100
8th	Decisyon 2005, San Francisco (United States), Series B	Provider of platform for corporate performance management	$55.9M	Catalyst Investors, Horizon & 2 others	61/100
9th	Condor 2003, San Diego (United States), Series A	Software-based financial management platform for clinical industries	$36M	Insight Partners, Felicis Ventures & 9 others	59/100
10th	Scaleup Finance 2021, Copenhagen (Denmark), Seed	Financial management and virtual CFO platform for businesses	$20M	Inveready, CircleRock Capital & 9 others	59/100