By utilizing the speed of the Capchase platform, Bankable was able to cut the time spent on fundraising by months. Bankable was also able to draw a slightly smaller amount upfront, saving on interest and fees compared to their venture debt alternatives, while enjoying the ability to draw more at need going forward.
Author: Caetano
Bankable and Paysafe team up to provide omnichannel banking services
Bankable partners with Paysafe to launch a broad range of integrated, omnichannel banking services from Paysafe. Under the global agreement, Paysafe will use Bankable’s core banking services.
Today, Bankable announced a partnership with Paysafe, a world-beating leading and specialized payments platform. Bankable would provide it’s scalable and secure API as Paysafe’s new core banking platform and launch with Paysafe a broad new range of integrated services.
Paysafe as a company strives to enable businesses and consumers to connect and transact seamlessly via it’s digital wallets, online cash solutions and payment processing capabilities. It’s mission is to provide a differentiated value proposition for each and every customer that goes beyond the standard offerings available to them.
Bankable and Paysafe have previously collaborated together with it’s card issuing services to provide the British Red Cross with Prepaid Visa cards to support emergencies. This solution enabled families and individuals to use prepaid cards in the event of a crisis, providing a safe and discreet way to distribute money across those in need.
After signing the agreement, Noah Sharp, Chief Banking Officer at Paysafe, commented: “At Paysafe we’re progressing a number of innovative banking-as-a-service initiatives and broadening our network of relationships with leading banks, and we have a lot of exciting plans up our sleeve. To work with a strong, proven partner like Bankable, and the highly experienced team they bring, is an important component of our delivery in this area.”
Eric Mouilleron, Founder & CEO of Bankable added: “Like Bankable, Paysafe is a customer-centric organisation. Bankable signature one stop platform will serve as Paysafe’s new core banking platform, providing the company with technology to advance its payments infrastructure and enhance the services it provides to customers. We’re excited to support the company in its ambitious, global plans..”
Bankable, the global architect of “Banking as a Service” solutions, announced that his client Blank is now live.
Blank, a French digital bank for independent workers, is backed-up by Crédit Agricole Group via its startup studio, La Fabrique by CA. Crédit Agricole Group, the 10th largest bank in the world by total assets – serving 51 million clients across 47 countries, launched La Fabrique by CA to identify opportunities in banking and finance offers and support the development of selected Fintechs next to Crédit Agricole offers.
Bankable joins Visa Fintech Fast Track Programme as a New Enablement Partner
Visa’s Fintech Fast Track programme is designed to enable the next generation of fintechs to join Visa’s network and build innovative digital commerce experiences for consumers and merchants
Fast Track programme grows 360% year-over-year, and supports the creation of payment innovations like digital wallets, Business to Business (B2B) and digital currency payment.
See full article here: https://www.visa.co.uk/about-visa/newsroom/press-releases.3051987.html
Bankable Announces Strategic Collaboration with Visa to Continue Growing Globally
- Bankable announces strategic collaboration with Visa
- Bankable opens new office[1] in the heart of the Flatiron District
New York, USA – February 4th, 2020 – Bankable, the global architect of “Banking as a Service” solutions, today announced a strategic collaboration with Visa in the United States. Bankable aims to provide Visa’s U.S. clients, including corporate and financial institutions, access to its real-time and modular banking solutions, enabling them to deploy digital banking and faster payment services. To accommodate ongoing work in the U.S., Bankable is opening an office in New York, which is Bankable’s fourth office after London, Brussels and Dubai.
The new premises will become Bankable’s U.S. hub, allowing the company to accelerate strategic initiatives across corporations, banks and fintechs headquartered in the country. The company is planning to make strategic hires in the next few months as the NY team will shoulder London and Dubai operations.
“Our strategic partnership with Visa represents a great opportunity to further accelerate digital payments innovation in the region. Our commercial team will initially focus on B2B payments,” said Eric Mouilleron, CEO and founder of Bankable. “As we already serve American clients, we see huge opportunities to digitally transform corporates headquartered in the U.S. as well as leading regional, community and selected global banks organized to support fintechs. We anticipate more than 50% of our revenues to come from the U.S. by 2024.”
“The financial ecosystem is evolving at rapid pace, and Bankable’s model helps financial institutions, corporates and fintechs be increasingly nimble to remain competitive,” said Terry Angelos, SVP and Global Head of Fintech, Visa. “Building on what we’ve done with Bankable in other regions, including CEMEA and Europe, we’re excited to now extend the partnership into the US.”
Notes to Editors:
For further information, please contact:
Sara Malinowsky at Bankable
sara@bnkbl.com / +44 20 3948 6034
About Bankable:
www.bnkbl.com
Bankable is a global digital banking and payments platform. We help financial institutions, corporates and FinTechs deploy, orchestrate and operate highly differentiated payment solutions with quick time-to-market.
We provide an exhaustive range of digital banking and payment solutions under a “Banking as a Service” model. Our core digital banking platform is available in white-label or via APIs, enabling our clients to quickly deploy banking solutions – including digital banking solutions, virtual account solution, payment processing services, card programmes and mobile wallet services. Our client base includes both regulated financial institutions (Banks, Electronic Money Issuers, Payment Institutions, Insurance companies…) and non-regulated global corporates and FinTechs who use our platform and Partner’s Ecosystem to deploy digital banking and payment services and generate new revenue opportunities.
Our motto: “quick time-to-market”
Bankable’s rapid implementation approach enables clients to generate revenues faster, increasing their valuation and attractiveness. By promoting pilot-based-experimentation, Bankable allows its customers to quickly launch, test and validate a new service before moving towards a seamless deployment.
[1] New York office is solely operated by Bankable
Bankable Announces Strategic Global Partnership with Plaid
New York, USA & London, UK – January 14th, 2020 – Today, Bankable, the global architect of “Banking as a Service” solutions, announced a strategic global partnership with Plaid, a data network powering the fintech apps that millions of people rely on to improve their financial lives. The partnership will allow Bankable’s customers the ability to use Plaid’s technology to connect with their users’ bank accounts worldwide. In addition, Plaid customers will gain access to Bankable’s cloud-based banking and payment platform. Bankable designs and seamlessly orchestrates global payment and digital banking services with its extensive integrated partners’ ecosystem. By leveraging Plaid’s API technology, Bankable will further enable quick time to market for its clients. Plaid provides connectivity to 15,000 banks in the US and Europe.
“Like Bankable, Plaid is a fintech enabler providing an infrastructure as a service to power various business cases in lending, personal / business finance, consumer payments. Plaid and Bankable are both focused, since inception, on democratising financial services through technology,” said Eric Mouilleron, CEO and Founder of Bankable “This reciprocal global partnership will help us to provide more services to our respective banking and fintech clients.”
“The infrastructure of financial services was not built for the digital demands of the industry today. Fintech companies and new digital-first banks offer consumers the tools and services they demand, but much of the existing bank technology core infrastructure hasn’t evolved along with these new customer needs,” said Lowell Putnam, Head of Partnerships at Plaid. “Providers like Bankable offer both fintech companies and financial institutions a platform to bring new products to market and meet shifting consumer demands, much more quickly than the legacy infrastructure allows.”
-ends-
Notes to Editors:
For further information, please contact:
Sara Malinowsky at Bankable
sara@bnkbl.com / 020 3948 6034
About Bankable:
www.bnkbl.com
Bankable is a global digital core banking platform and Banking as a Service provider. We help financial institutions, corporates and FinTechs deploy, orchestrate and operate highly differentiated payment solutions with quick time to market.
Bankable Visa Corporate Cards Live.
London, UK – 17 July 2019 – Bankable, the global architect of digital banking and payment solutions, is delighted to announce that 10 weeks following the beginning of its partnership with Visa, the first Bankable’s Visa cards are now in clients’ hands.
Global firms, Banks and Fintechs can now leverage Bankable’s multi-currency platform to launch corporate, purchasing, payroll and travel expenses programmes. Our solutions are available in prepaid, physical and virtual Visa cards.
Our API integrations with approved partners mean you can launch Bankable-branded Visa cards in 1 week and custom-designed cards in as little as 4 weeks.
Eric Mouilleron, Founder & CEO of Bankable, said: “On April 30 this year, we inked a strategic investment and a global partnership with Visa. On May 15, 2019, we communicated to our clients that our new Visa Corporate card solution will be live on July 10. On July 10, our Visa cards are live and delivered to our clients. Awesome! Visa and Bankable teams worked hand in hand with a strong sense of urgency to respect our clients’ time to market priorities.”
PDF release HERE
-ends-
Notes to Editors:
For further information, please contact:
Sara Malinowsky at Bankable
sara@bnkbl.com / 020 3948 6034
About Bankable:
Bankable is a global digital core banking platform and Banking as a Service provider. We partner with financial institutions, corporates and FinTechs to deploy, orchestrate and operate highly differentiated payment solutions.
Bankable provides an exhaustive range of digital banking and payment solutions under a “Banking as a Service” model. Our core digital banking platform is available in white-label or via APIs, enabling our clients to quickly deploy banking solutions – including digital banking solutions, virtual account solution, payment processing services, card programmes and mobile wallet services. Our client base includes both regulated financial institutions (Banks, Electronic Money Issuers, Payment Institutions, Insurance companies…) and non-regulated global corporates and FinTechs who use our platform and Partner’s Ecosystem to deploy digital banking and payment services and generate new revenue opportunities.
Bankable has successfully delivered projects for demanding tier-1 banks and FinTechs for the last eight years. Bankable’s rapid implementation approach enables clients to generate revenues faster, increasing their valuation and attractiveness. By promoting pilot-based-experimentation, Bankable allows its customers to quickly launch, test and validate a new service before moving towards a seamless deployment and generate new net revenues.
More information on www.bnkbl.com
Recruitment Event
Interested in joining us June 26th for drinks and nibbles to explore current opportunities and meet the team?
Meet Bankable at Money 20/20 Europe
Bankable is delighted to announce our team will be at Money20/20 Europe in Amsterdam from June 3rd – June 5th.
Meet us at booth P50 or book a short meeting with our team via the form below.