BM Technologies

Through groundbreaking technology, we are revolutionizing digital banking at BM Technologies, Inc. (BMTX). Formerly known as BankMobile, BMTX is among the largest Banking-as-a-Service (BaaS) providers and digital banking platforms in the United States. Our core mission is to financially empower millions of Americans by delivering a banking experience that is more affordable, transparent, and consumer-friendly. We are laser-focused on leveraging technology and innovation to create easy-to-use products and promote financial education, striving to be 'customer-obsessed' and build 'customers for life'. The BMTX digital banking platform utilizes a multi-partner distribution model, known as BaaS, which enables customer acquisition at significantly higher volumes and lower expenses compared to traditional banks. This model provides substantial benefits to our customers, partners, and the overall business.

BMTX currently serves approximately two million account holders and provides disbursement services at around 725 college and university campuses, reaching about one out of every three students in the U.S. As a technology company, not a bank, BM Technologies, Inc. provides banking services through its partner banks, which are Member FDIC and Equal Housing Lenders. Our proprietary BaaS platform and interface empower FinTechs and brands to launch fully branded financial services products efficiently and cost-effectively. This capability helps our partners attract new customers, generate new revenue streams, and offer a more personalized experience. BMTX's BaaS platform is unique in its ability to deliver white-label, hybrid, embedded, or API enablement, going beyond just technology to offer comprehensive support including Business Process Operations (BPO) functions like bank operations, customer service, compliance, and anti-fraud capabilities. We are committed to continuous innovation, recently launching a rewards engine for our BankMobile Vibe Checking Account and an Identity Verification Service product for universities. These advancements aim to provide enhanced financial services and robust fraud mitigation solutions.