BM Technologies, Inc. is one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country. They recently announced that Luvleen Sidhu, Chair, CEO and Founder, is a finalist in the EY the Entrepreneur Of The Year 2022 Greater Philadelphia program. Entrepreneur Of The Year recognizes the most ambitious leaders who are building and sustaining successful, dynamic businesses around the world. Winners of this award comprise a global network of like-minded visionaries. Each finalist is on a transformational journey to create, innovate, grow, learn and build a better world.
A panel of independent judges made up of a diverse group of leaders and experts selected Luvleen Sidhu. They came from the financial services industry from companies such as Berwind, Spirovant, Suvoda and Misfits Market. As a woman in a male-dominated industry, Sidhu was the youngest female to ever take a company public at the time of its listing. She is actively focused on actions that can help propel women in finance. She does this by promoting women in leadership roles, creating mentorship opportunities, providing equal pay and ensuring female voices are represented at the executive leadership level.
“It is an honor to be a finalist for EY Entrepreneur Of The Year. This past year has been pivotal for BMTX. We were one of the first neo-banking fintechs to go public last year. We’re also one of the first to have a profitable business model. BMTX is now among the first fintechs embracing a bank charter to create an innovative fintech bank for the future,” said Luvleen Sidhu. “My mission is to empower entrepreneurs and to positively impact the fintech and banking industries. I plan on bringing innovation and financial inclusion to the market. To be recognized among such inspirational and mission-driven individuals as a finalist is such an honor!”
The group of independent judges selected finalists on demonstration of long-term value through entrepreneurial spirit, purpose, growth, impact and other core contributions and attributes. Sidhu’s selection as a finalist symbolizes her dedication, drive, and innovation in the Banking as-a-Service (BaaS) and overall fintech sector. This award further validates her exceptional leadership. It will continue the advancements demonstrated as one of the first publicly traded neo-banking fintechs in the country.
About BM Technologies, Inc.
BM Technologies, Inc.—formerly known as BankMobile—is among the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country. They provide access to checking and savings accounts, personal loans, credit cards and financial wellness. Its goal is to focus on technology, innovation, easy-to-use products and education with the mission to financially empower millions of Americans. This is achieved by providing a more affordable, transparent and consumer-friendly banking experience. The BM Technologies digital banking platform employs a multi-partner distribution model. Insiders know this as banking-as-a-service (BaaS). It enables the acquisition of customers at higher volumes and substantially lower expenses than traditional banks. Baas provides significant benefits to its customers, partners and business.
BM Technologies has approximately two million accounts and provides disbursement services at approximately 750 college and university campuses. BM Technologies, Inc. (BMTX) is a technology company and is not a bank, which means it provides banking services through its partner bank. To learn more, visit 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. Their goal is to focus on serving customers digitally nationwide. The transaction is subject to regulatory approvals and other customary closing conditions.
Want to read more stories about women doing incredible things? Read our article Women in the News [June 2022]!