Banyan - About the company
Banyan is an acquired company based in Holmdel (United States), founded in 2013 by Steve Miller and Brandon Andra. It operates as a Provider of a platform for receipt data to power commerce innovation. Banyan has raised $54.5M in funding from M13 Company and Fin Capital. The company has 819 active competitors, including 128 funded and 46 that have exited. Its top competitors include companies like Anaplan, Vena Marketing and Pigment.
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
Investors
Ranked
5th among 819 active competitors
Employee Count
37 as on Jun 30, 2026
Investment & Acquisitions
Exit Details
Acquired by Bilt Rewards (Mar 13, 2025)
Legal entities associated with Banyan
Banyan is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Banyan Inc CIN: 59-192244 , United States, Active | Dec 31, 2018 | - | - | - |
ROTOMAIRE, INC. CIN: 84-2741806 , United States, Active | - | - | - |
Banyan's acquisition details
Banyan got acquired by Bilt Rewards on Mar 13, 2025.
Click here to take a look at Banyan's acquisition in detail
Sign up to download Banyan's company profile
Banyan's funding and investors
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 Venture Debt round on Oct 19, 2022 for $*****. 4 investors participated in its latest round. Banyan has 23 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Banyan:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 19, 2022 | 7067598 | Venture Debt | 3402736 | 6108698 | 8034043 | 7594465 |
Oct 19, 2022 | 7046462 | Series A | 8216557 | 7215836 | 1822361 | |
Jul 30, 2021 | 7428385 | Series A | 1035071 | 2271175 | 2116032 |
Access funding benchmarks and valuations. Sign up today!View details of Banyan's funding rounds and investors
Banyan's founders and board of directors
Founder? Claim ProfileThe founders of Banyan are Steve Miller and Brandon Andra.
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, Rob Olson, Wilfried Schobeiri, Michael Budde and Janey Whiteside are independent board members.Here is the list of Banyan's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 4y 3m | |
lxrolop | Independent board member | - | Current | 2y 8m |
fxbmtwb | Independent board member | - | Current | 5y 4m |
s{xofly | Independent board member | - | Current | 8y 8m |
xgcwuud | Independent board member | - | Current | 1y 8m |
wsemfzh | Independent board member | - | Current | 2y 2m |
edkn{jn | Independent board member | - | Current | 3y 2m |
View details of Banyan's Founder profiles and Board Members
Banyan's employee count trend
Banyan has 37 employees as of Jun 26. Here is Banyan's employee count trend over the years:
Uncover Banyan's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Banyan's Competitors and alternates
Top competitors of Banyan include Anaplan, Vena Marketing and Pigment. Here is the list of Top 10 competitors of Banyan, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
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 | 77/100 | |
2nd |  Vena Marketing 2011, Toronto (Canada), Series C | Provider of financial planning and analysis platform for business performance | $385M | 72/100 | |
3rd | Business planning and project management platform for businesses | $397M | 72/100 | ||
4th | Cloud-based financial planning and analytics solutions for businesses | $175M | 71/100 | ||
5th |  Banyan 2013, Holmdel (United States), Acquired | Provider of a platform for receipt data to power commerce innovation | $54.5M | 64/100 | |
6th | Planful 2000, Redwood City (United States), Acquired | Cloud-based financial planning & advisory solutions for businesses | $71.6M | 65/100 | |
7th | Digital bank for freelancers and self-employed | $46.7M | 64/100 | ||
8th | Mighty 2015, New York City (United States), Series B | Provider of software solutions for the management of legal funding | $14.2M | 63/100 | |
9th | Provider of sustainability software for CO2 accounting and CSRD reporting | $22.9M | 62/100 | ||
10th | Decisyon 2005, San Francisco (United States), Series B | Provider of platform for corporate performance management | $55.9M | 60/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Banyan's competitors? Click here to see the top ones
Banyan's Investments and acquisitions
Banyan has made 2 investments in Validus Group and Validus Group. Banyan has not made any acquisitions as of now.Reports related to Banyan
Here is the latest report on Banyan's sector:
News related to Banyan
Filter this listMedia has covered Banyan for a total of 7 events in the last 1 year, 1 of them has been about partnerships.
•
York-based data intelligence firm Simunix acquired by international group Banyan SoftwareBusiness Sale•Jul 23, 2026•Banyan
•
Banyan Software Invests in WIZE, a Leading Wealth & Asset Management PlatformGlobal Fintech Series•Jul 09, 2026•Wize, Banyan, Banyan Software, WIZE
•
•
Banyan Software acquires Javelin to bolster UK manufacturing software offeringsIntelligentcio•May 01, 2026•Banyan
•
•
•
Bilt Secures $250M, Extends Loyalty Program Across All Housing SectorsPYMNTS.com•Jul 11, 2025•Bilt Rewards, Banyan
•
MX Technologies Welcomes Carine Strom Clark to its BoardGlobal Fintech Series•May 09, 2025•MX, Banyan
•
Bilt Buys Banyan to Deepen Merchant Data and Consumer InsightsPYMNTS.com•Mar 13, 2025•Bilt Rewards, Banyan
•
Bilt Rewards Acquires Banyan To Transform Neighborhood Commerce Through Item-level IntelligenceGlobal Fintech Series•Mar 13, 2025•Bilt Rewards, Banyan, Banyan Botanicals
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Banyan
Explore our recently published companies
- Autocal - Thane based, 2002 founded, Funding Raised company
- Indo Amines - Thane based, 1994 founded, Public company
- Taro International - Haifa based, 1992 founded, Unfunded company
- SmartCart AI - San Francisco based, Unfunded company
- 365 Retail Markets - London based, 2008 founded, Unfunded company
- Bishop Paiute Development Corporation - Bishop based, 2009 founded, Funding Raised company
