BM Technologies, Inc.

Company Overview

BM Technologies, Inc. (BMTX) is a leading digital banking platform in the United States, offering a wide range of financial services to its customers. With a focus on technology, innovation, and customer obsession, BMTX is dedicated to providing easy-to-use products and financial education to its customers.

BMTX operates under a unique distribution model known as "Banking-as-a-Service" (BaaS), which allows for the acquisition of customers at a higher volume and lower cost than traditional banks. This model not only benefits BMTX, but also provides significant advantages to its customers, partners, and business as a whole.

With over two million account-holders, BMTX has a strong presence in the market. It also provides disbursement services at approximately 725 college and university campuses, serving one out of every three students in the U.S. This demonstrates BMTX's commitment to providing accessible financial services to all individuals, including students.

It is important to note that BMTX is not a bank, but a technology company. This means that it partners with Member FDIC and Equal Housing Lender banks to provide its customers with banking services. This partnership allows BMTX to leverage the expertise and resources of these banks while still maintaining its focus on innovation and customer satisfaction.

At BMTX, the customer is at the heart of everything they do. The company's mission is to create "customers for life" by providing them with the best possible banking experience. This is achieved through easy-to-use products, personalized financial education, and a commitment to constant technological advancements.

In a world where digital banking is becoming increasingly popular, BMTX stands out as a leader in the industry. With its customer-focused approach and innovative BaaS model, BMTX is well-positioned for continued success and growth in the future.