Industry: Packaged Foods
Client since: 2016
"Bridge Bank is definitely a “people first” institution and that really stood out to us. Their ability to scale from both a capital and technology perspective is an amazing asset.”
~Matt Clifford, co-founder and COO of Barnana
“Our product is unique in the market and we needed a strong and flexible banking team that could think creatively and work with us to achieve our goals. Bridge Bank is definitely a “people first” institution and that really stood out to us. Their ability to scale from both a capital and technology perspective is an amazing asset.” - Matt Clifford, Co-Founder, COO
Barnana, the Super Potassium Snack founded in 2012 by Caue Suplicy, CEO, Nik Ingersoll, CMO, and Matt Clifford, COO, came together to help save roughly 50% of the world’s bananas that go to waste each year. Bananas are one of the most consumed produce products in the world. With those two figures in mind, Barnana’s mission was clearly adding up: Eliminate food waste on organic banana farms and provide healthier snacking options for the world.
Barnana upcycles the “imperfect”, or aesthetically unpleasant organic bananas that used to go to waste on farms in Latin America and turns them into nutritious snacks. By creating a secondary market for imperfect bananas, Latin American banana farmers are now receiving ancillary income they would normally not be generating, and banana waste is being eliminated.
Barnana is executing a business model that proves working with local, organic, non-gmo farmers does not mean sacrificing margin. Continuous corporate growth can be achieved by working with local Latin American farming partners happy to provide agriculture in a market typically dominated by a few major exporters.
Barnana had some exciting opportunities developing in their pipeline in 2016 & 2017 with top-tier retailers and they wanted to secure a line of credit to access additional capital to help them reach their goals. Bridge Bank identified key strengths in Barnana that they look for in venture-backed companies including a strong management team, market acceptance, and financial growth that were scaling in the right direction for this relationship to thrive.
Since Barnana began their relationship with Bridge Bank, the company has had the support to significantly increase production and distribute to more retailers, both online and in grocery stores, globally. Everyone loves their products and the proof behind that claim can be found in the thousands of store locations where you can find their brand, the endless amount of raving reviews, and all the positive press they have recently received. Barnana is tackling issues far beyond the scope of providing healthy snacking options; they are taking on real world issues and setting the example of how to turn sustainability and upcycling into a profitable brand.
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We are a proud sponsor of the 19th Annual B. Riley FBR #InstitutionalInvestorConference, taking place May 23 - 24,… twitter.com/i/web/status/9… - about 4 hours agoOur Life Sciences Group is excited to announce Alastin Skincare, an innovative skincare company that has designed a… twitter.com/i/web/status/9… - yesterdayinfo.bridgebank.com/economicsummit - 1 week 5 days ago There's still time to register for the #sjsueconsummit featuring an analysis and forecast… twitter.com/i/web/status/9… - 1 week 5 days agoAs a sponsor of the @PhilaPACT Enterprise Awards 25th Anniversary Dinner, we would like to congratulate our clients… twitter.com/i/web/status/9… - 2 weeks agoBridge Bank is a proud sponsor of the Blacks 'n Business Blacks 'n Technology Awards Ceremony tonight. Congratulati… twitter.com/i/web/status/9… - 2 weeks 4 days agoThank you @eastbayeda and @Oakland for hosting a great panel discussion during #smallbusinessweek twitter.com/eastbayeda/sta… - 2 weeks 5 days agoinfo.bridgebank.com/economicsummit - 2 weeks 6 days ago There's still time to register for the #sjsueconsummit featuring an analysis and forecast… twitter.com/i/web/status/9… - 2 weeks 6 days agoOur Capital Finance team is excited to share their recent deal with our newest client, eero, the company that built… twitter.com/i/web/status/9… - 3 weeks agoBuilding Blocks of Export Success is the educational workshop that our very own, Ken Rosenberg, will be speaking at… twitter.com/i/web/status/9… - 3 weeks 1 day agoOur Life Sciences Group is proud to announce that our client, @CytoSorbents has refinanced their term loan. We look… twitter.com/i/web/status/9… - 4 weeks ago♫ Happy Earth Day to you. Happy Earth Day to you. Happy Earth Day, dear Earth. Happy Earth Day to you! ♪ Joining… twitter.com/i/web/status/9… - about 1 month 1 day agoThis week, markets set aside geopolitics to focus on earnings and fundamentals. westernalliancebancorporation.com/bridge-bank-ho… - about 1 month 3 days agoWe are excited to announce, Ken Rosenberg, head of International #Banking, will be a moderator during the Asia Mari… twitter.com/i/web/status/9… - about 1 month 5 days agoBridge Bank is proud to be a wine table host at the Wine Tasting Networking Reception during the Western Private Eq… twitter.com/i/web/status/9… - about 1 month 6 days agoAs presenting sponsor, we invite you to attend the SJSU Economic Summit as Dr. Christopher Thornberg gives an analy… twitter.com/i/web/status/9… - about 1 month 7 days agoWe are so proud to be an attending sponsor of this year’s #Solar Power Finance & Investment Summit (March 20 -22) i… twitter.com/i/web/status/9… - about 2 months 2 days agoThe Federal Reserve is set to deliver its first rate hike of 2018, as markets await FOMC decision. westernalliancebancorporation.com/bridge-bank-ho… - about 2 months 4 days agoDid you know? 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Looking forward to meeting more of you tomorrow!Central bank decisions and a heavy docket look to shape this week's FX action. ow.ly/GUb030geH4R - about 6 months 3 weeks agoIf you’re attending #PACTcapcon 11/1 & 11/2, we want to meet you! Come say hello to Al Spurgin, Roger Klarmann, Kat… twitter.com/i/web/status/9… - about 6 months 3 weeks ago