RADNOR, Pa., Feb. 9, 2022 /PRNewswire/ -- BM
Technologies, Inc. (NYSE American: BMTX), one of the largest
digital banking platforms and banking-as-a-service providers,
announced that Luvleen Sidhu, Chair, CEO and Founder, has been
recognized as LendIt Fintech's 2022 "Fintech Woman of the Year".
She is also the first ever two-time winner in this award
category.
Out of six finalists, Luvleen was chosen as the winner of this
prestigious award from a panel of 35 judges, made up of a diverse
group of leaders and experts in the financial services industry
from companies such as Andreessen Horowitz, QED Investors, Upgrade,
Cornerstone Advisors, and the International Finance Corporation
(IFC) to name a few. The judges worked to give this award to a
female senior executive who has demonstrated outstanding
leadership, integrity, performance and a commitment to fostering
gender diversity within her company and to the industry as a whole.
This award is a testament to both Luvleen's leadership, as well as
the continued growth and innovation demonstrated by BMTX, one of
the first publicly traded neo banking fintechs in the country.
"I am truly grateful to have been awarded 2022 Fintech Woman of
the Year. The last year has been monumental for the company as
we became publicly traded, continued to grow our customer base,
demonstrated strong profitability, and announced a strategic merger
with First Sound Bank to begin our path of becoming a true fintech
bank. Additionally, we are proud to share that at BMTX, women make
up 50% of account holders in our higher education vertical. We
understand how important it is to have a laser-focus on this
segment of the market and strive to provide wealth-building digital
banking through multiple product offerings and features,
specifically keeping women in mind," said Luvleen Sidhu, CEO and
Founder of BM Technologies. "The other women in this category all
represent incredible leadership, and it's an honor to be amongst
them."
The LendIt Fintech Award Ceremony took place in Miami, Florida on February 8th, 2022, where Luvleen was
personally presented with this award. LendIt Fintech hosted their
5th annual awards ceremony to honor the world's leading
Fintech influencers and innovators in 14 unique categories.
https://www.lendit.com/nexus/2022/awards
Launched in 2015, BM Technologies is one of America's largest
digital financial services platforms with approximately 2 million
accounts. BM Technologies focuses on millennials and underserved
middle income Americans, providing convenient access to a suite of
financial products and a digital-first banking experience that is
simple, accessible, and financially empowering. BM Technologies is
a pioneer in the Banking-as-a-Service space, powering both banks
and non-banks to expand access to digital banking products through
its award-winning technology. BMTX currently also provides
disbursement services at approximately 750 college and university
campuses (covering one out of every three college students in the
U.S.) through BankMobile Disbursements. Additionally, BMTX expanded
its white label banking business beyond the college sector in
recent years.
About BM Technologies, Inc.
BM Technologies, Inc. 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 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.
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SOURCE BM Technologies, Inc.