Luvleen Sidhu, Chair, CEO and Founder of BM Technologies (NYSE: BMTX), Selected as one of PaymentsSource’s Most Influential...
May 19 2021 - 11:29AM
BM Technologies, Inc. (NYSE American: BMTX, BMTX.W), one of the
largest digital banking platforms in the country, announced that
Luvleen Sidhu, Chair, CEO and Founder, was selected as one of
PaymentsSource’s Most Influential Women in Payments: Next. Sidhu
and the other honorees will be celebrated at the “Advancing the
next wave of women leaders” conference, which is being presented by
American Banker, DigitalInsurance and PaymentsSource. The virtual
conference is taking place May 18-20, 2021 and a special
celebration to honor the recipients will take place on May 19, 2021
at 6pm ET.
According to PaymentsSource, “The honorees are women under 40
who have demonstrated a strong talent for leadership and an
expertise in their respective fields. They also took on crucial
responsibilities to help their organizations navigate the
complexities of the pandemic, and set their companies on a path for
continued growth.”
“It is an honor to be selected by PaymentsSource for this
award,” stated Sidhu. “The women on the list are leaders in
payments and fintech and helping to cultivate the future of their
industries. My team and I are excited to continue to build an
innovative banking experience that promotes financial empowerment
and has a positive impact on the lives of our customers.”
Launched in January 2015, BM Technologies (BMTX), formerly known
as BankMobile, is on a mission to provide a digital-first banking
experience that is simple, affordable and consumer-friendly. Under
Sidhu’s leadership, the company went public in January 2021 through
a merger with Special Purpose Acquisition Company Megalith
Financial Acquisition Corp. and is now listed on the NYSE under the
fintech stock symbol BMTX. She was the youngest female Founder and
CEO to take a company public at the time of its listing. BM
Technologies (BMTX) is one of the first publicly-traded neobanking
fintechs and one of the first de-SPACs of 2021. The company is also
EBITDA-positive and has approximately two million accounts.
Sidhu helped develop BM Technologies’ (BMTX) disruptive,
multi-partner distribution model, known as Banking-as-a-Service
(BaaS).Today, the company provides its BaaS platform to colleges
and universities through BankMobile Disbursements, which
serves approximately one in every three college students in the
United States. Sidhu also oversaw BM Technologies (BMTX) expanding
its BaaS strategy with T-Mobile for the launch of T-Mobile MONEY.
She helped the company execute an agreement with Google to
introduce digital banking accounts, which will be available to its
student customers.
Sidhu has received many accolades for her achievements. She was
recognized by Banking Northeast as one its New York Women in
Banking; by Crain’s New York Business as one of its 2021 Notable
Women on Wall Street, one of its 2020 40 Under 40 and a Rising Star
in Banking & Finance in 2020; and by Lehigh Valley Business as
one of its 2020 Forty Under 40. Sidhu was also recently included in
Innovative Finance’s Women in FinTech Powerlist 2020 and was
selected as one of its ‘Standout 35’ Stars.
Additionally, Sidhu has been featured regularly in the media
including on Bloomberg TV and Radio, Yahoo Finance, NYSE Floor Talk
and Nasdaq TradeTalks and in Business Insider, Fortune.com, The
Wall Street Journal and Forbes.com, among others. She is also a
national and international speaker at notable conferences such as
LendIt Fintech USA 2021, Treasury Winter Summit in 2020, Fintech
South 2020 Virtual Summit and the Everygirls Rise Conference in
2020.
Sidhu is passionate about mentoring women. She is also a leader
in the Soka Gakkai International Non-Profit, mentoring individuals
and providing them with guidance and actionable tips to help them
achieve their full potential professionally, personally and
spiritually. Sidhu is a member of the Young Presidents'
Organization (YPO). She holds a Master of Business Administration
from The Wharton School at the University of Pennsylvania and a
Bachelor of Arts Degree in Government from Harvard College.
# # #
About BM Technologies, Inc. (BMTX)
BM Technologies, Inc. (NYSE American: BMTX, BMTX.W) is among the
largest digital banking platforms in the U.S., 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 of being
“customer-obsessed” and creating “customers for life.” 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 725 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 https://ir.bmtxinc.com/.
Kati Waldenburg
BM Technologies, Inc. (BMTX)
2128053014
kwaldenburg@rubensteinpr.com
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