BankMobile provides a full range of deposit products to retail customers utilizing smartphone technology and other electronic digital media. Its revenues are largely derived from interchange fees from customer debit card usage, paid for by the merchant.On August 6, 2020, BankMobile merged with Megalith Financial to form BM Technologies.
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Expert Collections containing BankMobile
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
BankMobile is included in 3 Expert Collections, including Banking.
Latest BankMobile News
Mar 31, 2022
About BM Technologies, Inc. BM Technologies, Inc. (NYSE American: BMTX)—formerly known as BankMobile—is among the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, providing access to checking and savings accounts, personal loans, credit cards, and financial wellness. It is focused on technology, innovation, easy-to-use products, and education with the mission to financially empower millions of Americans by providing a more affordable, transparent, and consumer-friendly banking experience. The BM Technologies (BMTX) digital banking platform employs a multi-partner distribution model, known as “Banking-as-a-Service” (BaaS), that enables the acquisition of customers at higher volumes and substantially lower expense than traditional banks, while providing significant benefits to its customers, partners, and business. BM Technologies (BMTX) currently has approximately two million accounts and provides disbursement services at approximately 750 college and university campuses (covering one out of every three college students in the U.S.). BM Technologies, Inc. (BMTX) is a technology company and is not a bank, which means it provides banking services through its partner bank. More information can also be found at www.bmtx.com . BMTX recently announced the signing of a definitive agreement to merge with First Sound Bank, a Seattle, Washington-based business bank. The combined company, to be named BMTX Bank, will be a fintech-based bank focused on serving customers digitally nationwide. The transaction is subject to regulatory approvals and other customary closing conditions, and is expected to close in the second half of 2022. Investors: Bob Ramsey, CFA
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BankMobile Frequently Asked Questions (FAQ)
When was BankMobile founded?
BankMobile was founded in 2015.
Where is BankMobile's headquarters?
BankMobile's headquarters is located at 401 Park Ave, New York.
What is BankMobile's latest funding round?
BankMobile's latest funding round is Reverse Merger.
Who are the investors of BankMobile?
Investors of BankMobile include BMTX and Flagship Community Bank.
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