Luvleen Sidhu, Chair, CEO, and Founder of BM Technologies (NYSE: BMTX), Named Winner of Greater Philadelphia Ernst & Young (EY US) Entrepreneur Of The Year® 2022
BM Technologies, Inc. (NYSE American: BMTX), one of the
largest digital banking platforms and Banking-as-a-Service (BaaS)
providers in the country, announced that Luvleen Sidhu, Chair, CEO,
and Founder, has been recognized as an EY Entrepreneur Of The
Year® 2022 Greater Philadelphia Award winner. Entrepreneur Of The
Year® recognizes the most ambitious leaders building and sustaining
successful, dynamic businesses worldwide. Winners of this award
comprise a global network of like-minded visionaries, each on a
transformational journey to create, innovate, grow, learn, and
build a better world.
Entrepreneur Of The Year® is one of the preeminent competitive
business awards for entrepreneurs and leaders of high-growth
companies who think big to succeed. An independent panel of judges
selected Luvleen based on her entrepreneurial spirit, purpose,
growth, and impact, among other core contributions and attributes.
The award is in recognition of Luvleen’s leadership, symbolizing
her ambition, drive, and innovation in business and in the fintech
space. This past year has been pivotal for BM Technologies as
it was one of the first neo banking fintechs to go public last
year, one of the first to have a profitable business model, and now
among the first fintechs embracing a bank charter to create an
innovative fintech bank for the future.
“I am truly honored to have been awarded the Greater
Philadelphia EY Entrepreneur of the Year®,” said Luvleen. “We
started BMTX with a mission to financially empower millions of
Americans by providing them with a more affordable, transparent and
consumer friendly banking experience. We have begun this journey
and still have a long way to go. Our goal is to create even more
positive, systemic change in the fintech and banking industries in
the pursuit of benefiting underserved consumers.”
As a Greater Philadelphia award winner, Luvleen will now be
considered by the National independent panel of judges for the
Entrepreneur Of The Year® 2022 National Awards. National finalists
and winners and the Entrepreneur Of The Year® National Overall
Award winner will be announced in November at the annual Strategic
Growth Forum®. The Entrepreneur Of The Year® National overall Award
winner will then move on to compete for the EY World Entrepreneur
Of The Year™ Award in June 2023.
As a woman in a male-dominated industry, Luvleen was the
youngest female to ever take a company public at the time of its
listing. She focuses on actions that can help propel women in
finance—promoting women in leadership roles, creating mentorship
opportunities, providing equal pay, and ensuring female voices are
represented at the executive leadership level. Luvleen is also the
founder of the BMTX Foundation and its Annual Financial
Literacy Scholarship, which offers a scholarship to one excellent
undergraduate or graduate student who is blazing a trail and
shaking things up in the world of financial empowerment.
Luvleen was selected by a panel of independent
judges composed of a diverse group of leaders and experts in
the financial services industry. The Entrepreneur Of The Year®
program has honored the inspirational leadership of entrepreneurs
such as Howard Schultz of Starbucks Coffee Company, Saeju Jeong of
Noom, Reid Hoffman and Jeff Weiner of LinkedIn, to name a few.
The Entrepreneur Of The Year® 2022 Greater Philadelphia Award
ceremony took place at the Kimmel Center for the Performing Arts on
June 23, 2022, where the award was announced.
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 in the country, 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 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.
A photo accompanying this announcement is available at
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