BM Technologies, Inc.

bmtx.com

BM Technologies, Inc. is a technology company that provides banking services through its partner banks. The company is headquartered in Wayne, Pennsylvania and currently employs 200 full-time employees. The company went IPO on 2018-08-28. The firm facilitates deposits and banking services between a customer and its partner bank, Customers Bank and First Carolina Bank, (the Partner Banks), which are related parties. The firm provides high-tech digital banking and disbursement services to consumers and students nationwide through a full service fintech banking platform, accessible to customers anywhere and anytime through digital channels. Its banking platform provides access to checking and savings accounts, personal loans, and financial wellness. Its fintech business model leverages Banking-as-a-Service (BaaS) partners’ and University partners’ existing customer bases to achieve high volume, low-cost customer acquisition in its Higher Education Disbursement and BaaS businesses.