Welcome to our dedicated page for Bm Technologies news (Ticker: BMTX), a resource for investors and traders seeking the latest updates and insights on Bm Technologies stock.
BM Technologies Inc (BMTX) news coverage ended following the company's acquisition by First Carolina Bank in early 2025. The stock was delisted from NYSE American on February 3, 2025, after shareholders received $5.00 per share in cash upon completion of the merger on January 31, 2025.
Prior to the acquisition, BM Technologies operated as one of the largest digital banking platforms and Banking-as-a-Service providers in the United States. News coverage of the company typically focused on partnerships with colleges and universities for financial aid disbursement services, Banking-as-a-Service client announcements, financial results, and developments in the digital banking and fintech sectors.
The company served over 725 college and university campuses and more than two million account holders through its dual business model of higher education disbursements and white label banking solutions. Major news events included contract wins with educational institutions, technology platform updates, regulatory compliance matters, and quarterly earnings reports showing revenue from interchange fees and service charges.
BM Technologies, formerly known as BankMobile, was founded in 2015 and rebranded in 2021. As a technology company rather than a bank, it partnered with FDIC-insured institutions including First Carolina Bank and Customers Bank to provide banking services. The company competed in the evolving Banking-as-a-Service landscape alongside other fintech platforms and digital banking providers.
Following the acquisition announcement in October 2024, news coverage centered on the transaction details, shareholder approval process, regulatory approvals, and the transition of operations to First Carolina Bank ownership. The company now operates as a wholly owned subsidiary of First Carolina Bank while maintaining its brand and continuing to serve existing institutional and consumer customers.
BM Technologies, Inc. (BMTX) will announce its Q1 2021 earnings on May 17, 2021, after market close. A live webcast to discuss the financial results is scheduled for May 18, 2021, at 9 am ET. BMTX is a leading digital banking platform with around two million accounts, offering services such as checking and savings accounts, loans, and credit cards. The company uses a Banking-as-a-Service model to enhance customer acquisition and operational efficiency.
BM Technologies, Inc. (NYSE American: BMTX, BMTX.W) marks Financial Literacy Month by reinforcing its commitment to financial empowerment. Since its launch in January 2015, the digital banking platform has served over two million customers with tools like Passport for students, which rewards smart financial behaviors, and an Annual Financial Empowerment Scholarship. In collaboration with Prudential Financial, it also provides a comprehensive financial wellness solution. Additional features include interest-bearing accounts, 55,000+ fee-free ATMs, and robust mobile applications.
BM Technologies (BMTX) Announcement
BM Technologies, Inc. (NYSE: BMTX) has announced that CEO Luvleen Sidhu will participate in a panel discussion at LendIt Fintech USA 2021 on April 27, 2021. The panel, titled “Addressing Infrastructure’s Legacy Challenge,” is part of the conference’s track on digital banking. Sidhu will share insights on how BMTX's Banking-as-a-Service model revolutionizes traditional banking. BM Technologies serves over two million account holders and partners with 725 campuses to provide digital banking solutions.
BM Technologies (BMTX) announced the appointment of Hans Fleming as SVP, Director of Business Development, and Melanie Mathias as SVP, Director of Marketing. Fleming, with over 25 years in the payments and banking sector, will drive innovation and partnerships, while Mathias, a marketing expert with experience at major firms like GE and Barclays, will enhance customer engagement through strategic marketing initiatives. The company continues to focus on its Banking-as-a-Service model and recently expanded partnerships, aiming to empower customers in a digital-first banking environment.
BM Technologies (NYSE: BMTX, BMTX.W) announced that CEO Luvleen Sidhu has been recognized in several prestigious finance lists, including the Women in FinTech Powerlist 2020 and New York Women in Banking. Under Sidhu's leadership, BMTX became a publicly traded company in January 2021 through a SPAC merger. The platform serves over two million account holders and operates a Banking-as-a-Service model, providing financial services to approximately one in three college students in the U.S. Sidhu is also acknowledged for her contributions to the fintech sector.
BM Technologies (BMTX) reported disbursing $377 million in government funds since March 2020, indicating strong customer reliance on their digital banking services. The company offers no-fee accounts while traditional banks are projected to collect over $30 billion in fees this year. As of now, BM Technologies serves over two million account holders and utilizes a multi-partner distribution model through its BaaS platform. Recent collaborations with T-Mobile and Google aim to enhance its service offerings, further solidifying its market presence.
BM Technologies (NYSE: BMTX, BMTX.W) announced that its CEO and Founder, Luvleen Sidhu, was recognized as one of Crain's New York Business 2021 Notable Women on Wall Street. This acknowledgement highlights her contributions to the financial sector and commitment to mentoring women. Under her leadership, BMTX went public in January 2021 through a merger with Megalith Financial Acquisition Corp. The company employs a unique Banking-as-a-Service (BaaS) distribution model, serving over two million account-holders, primarily in the education sector.
BM Technologies, Inc. (NYSE American: BMTX, BMTX.W) has introduced Vendor Pay, a digital disbursement solution aimed at automating the accounts payable process, primarily for colleges and universities. This innovation simplifies payment processing, reduces manual errors, and enhances operational efficiency. Vendor Pay integrates with enterprise resource planning systems, allowing organizations to improve cash flow visibility and control costs. The platform, developed in partnership with PayClearly, seeks to alleviate common payment challenges faced by educational institutions.
BM Technologies, Inc. (NYSE American: BMTX, BMTX.W) announced that Luvleen Sidhu, Chair, CEO, and Founder, will participate in a fireside chat at Maxim Group’s 2021 Emerging Growth Virtual Conference on March 18, 2021, at 10:30 AM EDT. Sidhu will discuss the company's journey from inception in 2014 to becoming publicly listed via SPAC in January 2021, along with developments in the fintech sector. BM Technologies provides Banking-as-a-Service (BaaS) to over two million account holders and serves approximately one in three U.S. college students through its partnerships.
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