Webster Bank
Webster Financial Corporation serves as the holding company for Webster Bank, which provides a comprehensive array of banking, investment, and financial services to individuals, families, and businesses throughout the United States. The bank operates through three primary segments: Commercial Banking, HSA Bank, and Community Banking. The Commercial Banking segment focuses on lending, deposit, and cash management services tailored for middle-market companies, including commercial real estate lending and asset management for high net worth clients. HSA Bank specializes in health savings accounts and related financial solutions for employers and individuals. Community Banking offers a variety of deposit and loan products, including residential mortgages and credit cards, and provides investment services through a partnership with LPL Financial Holdings. Webster Bank also emphasizes digital banking solutions and maintains a presence with numerous banking centers and ATMs. Founded in 1935 and headquartered in Waterbury, Connecticut, Webster Bank prides itself on its community-focused approach while being the largest independent commercial bank in New England.
Past deals in Connecticut
P2 Science
Debt Financing in 2020
P2 Science, Inc. is a bio-renewable chemistry company based in Woodbridge, Connecticut, that specializes in developing and producing specialty chemicals derived from renewable feedstocks, such as vegetable oils. Founded in 2009 by a team including Yale scientists, P2 Science has created innovative process technologies that transform these sustainable materials into high-value products, including ingredients for flavors, fragrances, and cosmetics, which are traditionally sourced from petrochemicals. The company's offerings cater to various industries, including household and industrial cleaning, personal care, agriculture, environmental remediation, and more. P2 Science aims to support businesses in decarbonizing the chemical industry by providing renewable alternatives to conventional petrochemical ingredients. With a laboratory in New Haven, the company collaborates with major partners across the supply chain to further enhance its technology and market reach.
Payrailz
Venture Round in 2017
Payrailz, LLC is a digital payments company that specializes in providing advanced bill payment and money transfer solutions specifically designed for banks and credit unions. Founded in 2016 and headquartered in Glastonbury, Connecticut, Payrailz offers a suite of products that includes Smart Pay, an AI-driven solution for electronic bill presentment and payment, and Bill Pay, which allows users to view billing information and make payments with flexible delivery options. Additionally, the company offers Person Pay (P2P), enabling users to send, request, and split money electronically. Leveraging artificial intelligence and cloud-based technology, Payrailz enhances customer engagement through various channels, including online, mobile, voice-enabled devices, and interactive messaging.
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