Fundraising Fox

Acceleron Bank

Charlestown, US · 3 known investors

acceleronbank.com ↗

Acceleron provides API-based international wire and FX payment automation for community banks and financial institutions, letting them bring foreign exchange services in-house and earn non-interest income. Its platform pre-integrates with payment systems like Fiserv Payments Exchange, Aptys, and Braid, and offers an FX marketplace where correspondent banks bid on transactions.

FintechSaaSin /acceleron-bank

Founders & leadership

DM
Damon MagnuskiExecutive Officer, Director
DL
Dennis LormelDirector
WL
W. Lowell PutnamDirector
SB
Sarah Beth FelixDirector
AD
Andrew DillardDirector

Investors · 3

CORI InnovationHartland
RevUp CapitalBoston · $350K – $400K
Vermont Center for Emerging Technologies (VCET)Burlington · $25K – $250K

Reported raises · per SEC filings

Form D private placements
▶$1.4MraisedNov 2024 · 30 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • W. Lowell PutnamDirector
  • Sarah Beth FelixDirector
  • Andrew DillardDirector
  • Damon MagnuskiExecutive Officer, Director
  • Dennis LormelDirector
Offering amount
$13M
Amount sold
$1.4M
First sale
Oct 2024
Incorporated
Other, Vermont
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$1.4MraisedSep 2022 · 17 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Andrew DillardDirector
  • Damon MagnuskiExecutive Officer, Director
  • Sarah Beth FelixDirector
  • W. Lowell PutnamDirector
  • Dennis LormelDirector
Offering amount
$2.1M
Amount sold
$1.4M
First sale
Jun 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.