NEW YORK, NY – Piermont Bank, a cloud-native digital commercial bank today announced a strategic investment from Pegatron Venture Capital, the venture investment arm of Pegatron Group, a global technology and manufacturing leader.
The investment reflects confidence in Piermont’s long-term vision as a technology-forward commercial bank and will support the continued expansion of the Bank’s digital banking platforms, embedded banking capabilities and infrastructure designed to power the next generation of financial services.
“We are pleased to welcome Pegatron Venture Capital as an investor and partner in our continued growth,” said Wendy Cai-Lee, Piermont Bank Founder and CEO. “Their investment validates our vision to build a modern commercial bank that helps innovative companies scale through technology and trusted financial infrastructure. As the financial services landscape continues to evolve, we remain committed to investing in the platforms, capabilities and talent needed to support our clients and the broader fintech ecosystem.”
Pegatron Venture Capital invests in founders and companies advancing transformative technologies across artificial intelligence, fintech, blockchain, semiconductors and other emerging sectors. The firm’s investment in Piermont reflects a shared belief in the growing importance of technology-enabled banking infrastructure in supporting innovation and economic growth.
The investment will further strengthen Piermont’s ability to invest in the leadership, technology, and infrastructure needed to support its next phase of growth. The Bank has expanded its capabilities across embedded finance, payments, lending and fund banking solutions while enhancing the digital platforms and operational foundation that enable clients to scale with confidence. These expansions reflect Piermont’s vision of building a modern commercial bank that combines innovative technology with trusted banking expertise to serve the next generation of businesses and financial services providers.
About Piermont Bank
Piermont Bank is a digital specialty commercial bank with a mission to serve fast-growing companies. As the first cloud native, purpose-built banking platform in the U.S., Piermont was built with modern technology infrastructure that allows greater flexibility, efficiency, and scalability. We combined commercial banking expertise with innovative technology to deliver fast decisions, practical solutions, and differentiated banking products for today’s entrepreneurs and tomorrow’s industry giants. To learn more about Piermont Bank, please visit www.piermontbank.com or email [email protected].
About Pegatron Venture Capital
Pegatron Venture Capital is the foresight of Pegatron Group—scanning from a strategic vantage to identify and back the founders and companies building at the frontier of two seismic shifts: the rise of Web3 and the AI paradigm shift. We invest across Deep Tech: Artificial Intelligence, Blockchain, FinTech, Lifestyle Technology, and Semiconductors.