Bank Labs
BankLabs is a privately-held fintech company that develops cloud-native SaaS platforms — including Participate for loan participation, OREO for real estate owned management, and +Pay for construction payments — serving over 100 community and regional banks and credit unions across 48 U.S. states.
- Company typePrivate
- Founded2010
- HeadquartersLittle Rock, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Bank Labs does
BankLabs is a privately-held banking technology company founded in 2010 and headquartered in Little Rock, Arkansas, with a regional office in Dallas, Texas. The company designs and develops cloud-native, mobile-first software products for community-oriented financial institutions, focusing on automating workflows in loan participation, construction lending, and real estate owned (OREO) property management. Its core products include Participate, a patented loan participation and syndication platform that digitizes document sharing, automates principal and interest splitting, and creates a nationwide network of trading counterparties across 48 states; OREO, described as the world's first mobile cloud-based platform for managing the full lifecycle of Other Real Estate Owned properties; and +Pay, a construction payment automation product handling sub-contractor disbursements via Same Day ACH with electronic lien waivers. The company previously developed Construct, a construction loan automation product that was divested to Abrigo in 2021.
BankLabs operates a SaaS revenue model with annual subscription billing augmented by transaction fees on payment processing and loan participation trades. The go-to-market strategy combines direct sales with demo-based engagement (30-minute demos and free trials), strategic technology partnerships — most notably with nCino for embedded distribution — and referral networks within the community banking ecosystem. The company holds 3 patents on its loan participation technology and serves over 100 banks across 48 states, with named customers including community banks, regional banks, credit unions, and commercial builders. In July 2023, BankLabs spun out the Participate platform as a separate entity with investment from FINTOP Capital and JAM FINTOP Banktech, while retaining majority ownership. The company is led by co-founders Mike Montgomery (CEO) and Matt Johnner (President), with Julie Carpenter as CFO.
Bank Labs firmographics
Firmographics- Name
- Bank Labs
- Legal name
- BankLabs
- Website
- https://banklabs.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BankLabs is a privately-held fintech company that develops cloud-native SaaS platforms — including Participate for loan participation, OREO for real estate owned management, and +Pay for construction payments — serving over 100 community and regional banks and credit unions across 48 U.S. states.
- Ownership category
- akta.pro rank
Bank Labs industry classification
Industry- Product category
- Banking Technology Software
- NAICS
- Software Publishers (5132), Computer Systems Design Services (541512)
- SIC
- Loan Brokers (6163), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Loan Servicing Platforms (Billing, Statements, Customer Self-Service) (FSAGAHAH)
- akta.pro secondary industry
- Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)
Keywords
Where Bank Labs is headquartered
LocationHeadquarters
- HQ city
- Little Rock
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Bank Labs business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Subscription: BankLabs generates revenue through subscription-based SaaS pricing for its cloud-based banking products (Participate, Construct, OREO, +Pay). Products are offered with free trials and demo-based sales approach.
- Transaction/Usage Fees: Revenue generated through transaction fees on loan participation trades and construction payment processing. The +Pay product processes payments between builders and sub-contractors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Quote-based SaaS pricing |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Bank Labs product offering
Product offeringCore offering
BankLabs designs and sells cloud-based, mobile-first banking technology products for community banks and financial institutions. Its current product suite includes Participate, a patented loan participation automation platform that handles principal/interest splitting, real-time balance collaboration, notifications, and document management, and OREO, the world's first mobile cloud-based platform for managing the complete lifecycle of Other Real Estate Owned properties. The company previously offered Construct (construction loan automation, now sold to Abrigo) and its +Pay construction payment module.
Product overview
BankLabs is an innovation lab for banking technology that offers a platform-plus-products architecture. The company provides multiple specialized products: Participate (loan participation automation platform that manages all loan participations, automates workflow, and creates trading partner networks), OREO (mobile cloud-based Other Real Estate Owned platform managing property lifecycles), and +Pay (construction payment automation that integrates with Construct). Previously, BankLabs also offered Construct, a construction loan automation product which was sold to Abrigo. The products are designed for community banks to streamline operations, generate fee income, attract deposits, and create loan volume through cloud-based, mobile-first technology.
Differentiator
Problem solved
Functional benefit
Brands
- Participate: A loan participation platform that automates loan sale processes, reduces friction in loan participation, and helps banks manage liquidity and balance sheet adjustments. The platform enables digitizing and sharing loan documents, automating workflow, and creating a network of trading partners.
- Construct
- OREO
- +Pay
Products and services
- Participate A single cloud-native platform to manage all loan participations, both existing and new, bought or sold, allowing originators and participants to digitize and share loan documents, automate workflow, and create a network of trading partners. Automates loan sale processes including principal and interest splitting, real-time collaboration on balances, notifications, variable interest rate management, and secure document management. Designed for community banks, regional banks, and credit unions seeking to streamline loan participation workflows, improve liquidity management, reduce concentration risk, and eliminate spreadsheet-based reconciliation.
- OREO The world's first mobile, cloud-based Other Real Estate Owned (OREO) platform that manages the complete lifecycle of foreclosed or bank-owned properties. Provides any user with quick, convenient access to carrying costs, property details, and oversight of the property lifecycle from acquisition through disposition. Designed for community banks and financial institutions managing distressed real estate assets on their balance sheets.
Quantifiable outcome
- Reduces loan administration time by 50%
- +4 more outcomes
Companies that use Bank Labs
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
Bank Labs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
Bank Labs partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and minor.
- nCinoflagshipStrategic partnership between Participate and nCino (NASDAQ: NCNO) enables financial institutions using nCino's Commercial Banking Solution to seamlessly integrate with Participate platform. This delivers automated loan participation and syndication with real-time data access and complete transparency.
- William Mills AgencyminorLargest independent public relations and content marketing firm specializing in the financial industry provides PR services to BankLabs to support brand positioning as a leader in community banking technology.
- AbrigominorLeading financial technology company that acquired Construct from BankLabs. Construct is the #1 construction loan automation and payments product in the country with over 2,400 financial institutions as clients.
Scale indicators7 records
Recent moves8 records
Expansion highlights5 records
Bank Labs competitors and assessment
Company assessmentDirect peers
- Baker Hill: Baker Hill provides commercial loan origination, portfolio risk management, and relationship management software targeted at community banks and credit unions, overlapping directly with BankLabs' commercial lending and construction loan automation footprint.
- LendingPad: LendingPad offers loan origination and participation management software for community banks and credit unions, overlapping with BankLabs' Participate platform on loan trading workflows.
- Abrigo: Abrigo is a community-bank-focused lending and risk technology provider that acquired BankLabs' Construct product; with 2,400+ FI clients, it is now both a direct competitor in construction loan automation and a benchmark acquirer of BankLabs' assets.
- LoanVision: LoanVision offers commercial loan servicing and accounting software purpose-built for community banks and credit unions, directly comparable to BankLabs' loan participation and construction loan management use cases.
Broad incumbents
- Jack Henry & Associates: Jack Henry provides core processing and lending technology solutions for community banks; its commercial lending and digital banking suites are adjacent competitors to BankLabs' products.
- Fiserv: Fiserv is a large financial services technology provider whose loan origination and digital banking platforms serve community and regional banks, providing broad incumbent competition to BankLabs' specialized tools.
- nCino: nCino is a publicly traded commercial banking cloud platform whose Commercial Banking Solution integrates with BankLabs' Participate; it serves a comparable community/regional bank audience with a broader workflow portfolio and represents both a critical partner and a potential competitive threat.
- MeridianLink: MeridianLink provides a broad digital lending and account opening platform used by banks and credit unions; its loan origination and account opening suite overlaps with BankLabs' community bank workflows as a larger incumbent.
- Q2 / Alkami: Alkami (formerly Q2) provides digital banking platforms for community banks and credit unions, representing a broader incumbent alternative in digital banking with adjacent commercial lending capabilities.
- FIS (Fidelity National Information Services): FIS is a large banking technology vendor that BankLabs worked with via the FIS FinTech Accelerator; its commercial lending and core banking products target the same community and regional bank segment at much greater scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Bank Labs social profiles
Digital presenceBank Labs financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bank Labs leadership team
Management profileNumber of profiles
Profiles3 records
Bank Labs subsidiaries and ownership
Company hierarchySubsidiaries1 record
Bank Labs funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bank Labs M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bank Labs
What does Bank Labs do?
BankLabs designs and sells cloud-based, mobile-first banking technology products for community banks and financial institutions. Its current product suite includes Participate, a patented loan participation automation platform that handles principal/interest splitting, real-time balance collaboration, notifications, and document management, and OREO, the world's first mobile cloud-based platform for managing the complete lifecycle of Other Real Estate Owned properties. The company previously offered Construct (construction loan automation, now sold to Abrigo) and its +Pay construction payment module.
Is Bank Labs a public or private company?
Bank Labs is a private company. It is classified as venture growth investor backed and is currently operating.
When was Bank Labs founded?
Bank Labs was founded in 2010. It employs 11 to 50 people.
Where is Bank Labs based?
Bank Labs is headquartered in Little Rock, United States, in the North America region.
How does Bank Labs make money?
Two revenue lines are on record. SaaS Subscription is the primary driver. The others are transaction/Usage Fees.
Who are Bank Labs's main competitors?
Direct peers on record are Baker Hill, LendingPad, Abrigo and LoanVision. Broad incumbents are Jack Henry & Associates, Fiserv, nCino, MeridianLink, Q2 / Alkami and FIS (Fidelity National Information Services).
Does Bank Labs have an API?
No public API is recorded for Bank Labs.
What industry is Bank Labs in?
Bank Labs's product category is Banking Technology Software. Its primary akta.pro industry code is FSAGAHAH, Loan Servicing Platforms (Billing, Statements, Customer Self-Service), with a secondary code of FSAGALAK, Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes). Its NAICS code is 5132 and its SIC code is 6163.