C

CIT Bank

438 employees

CIT Group Inc. has helped drive innovation as a leader in middle-market lending

Investor insights

Sectors invested in

Financial Services2
Mobile2
Gaming1
Commercial Lending1
Environmental Consulting1
Renewable Energy1
Environmental Engineering1
Finance1
Commercial1
Small and Medium Businesses1
Construction1
Infrastructure1
Wireless1
Social Media1
Mobile Apps1
Digital Entertainment1
Transacational Services1
Loans1
Checking1
Savings1

Funding rounds participated in

$145M sweet spot round size

Most of their 7 investments are in rounds between $6M and $325M

Basic info

Industry

banking

Sectors

Savings
Financial Services
Home Purchase and Refinance Loans
High Yield Savings
FinTech
Custodial Accounts (UTMA)
Certificates of Deposit
IRAs
No-Penalty/11-month CD
Jumbo CDs
Term CDs

Date founded

2000

Investments made

U

Undisclosed raised $515M on March 29, 2023

Investors: Western Alliance Bank, Nevada State Bank and CIT Bank

S

Social Gaming Network raised $145M on January 16, 2019

Investors: Bank of America Merrill Lynch and CIT Bank

S

Self-Help Federal Credit Union raised $6M on May 17, 2018

Investors: OneWest Bank and CIT Bank

C

Clearinghouse CDFI raised $2.5M on August 23, 2017

Investors: CIT Bank

U

Undisclosed raised $90M on November 16, 2016

Investors: CIT Bank

s

sPower raised $786M on October 6, 2016

Investors: CoBank, Norddeutsche Landesbank, Siemens Financial Services and CIT Bank

M

Mobilitie raised $325M on November 10, 2015

Investors: TD Securities and CIT Bank

FAQ