BM Technologies (NYSE:BMTX) (NYSE: BMTX) is a U.S.-based financial technology company focused on delivering a mobile-first banking experience. Through its proprietary digital banking platform, the company provides FDIC-insured consumer deposit accounts with no minimum balance requirements or monthly fees. BM Technologies leverages cloud-native infrastructure and modern APIs to streamline account opening, payments, and money management directly through its mobile application.
The company’s suite of products includes a high-yield checking account, a companion savings product, and a contactless Visa debit card. Account holders benefit from features such as real-time transaction alerts, automated round-ups for saving, peer-to-peer payments, and integrated budgeting tools. BM Technologies partners with established banking institutions to underwrite deposits and ensure regulatory compliance, while maintaining full control over the user interface and digital experience.
Founded in 2017 and headquartered in Houston, Texas, BM Technologies has grown its platform by collaborating with industry leaders in core banking technology. Early in its development, the company selected Technisys as its core banking provider, enabling rapid product rollout and scalability. BM Technologies has also established partnerships with Evolve Bank & Trust and other chartered banks to power its deposit products and safeguard customer assets under federal insurance.
Under the leadership of founder and CEO Eduardo Vélez, BM Technologies has assembled a management team with deep expertise in financial services, technology and regulatory affairs. The company’s senior executives bring backgrounds from both legacy banks and fintech startups, positioning BM Technologies to address the evolving needs of digitally savvy consumers. While the platform initially focused on key U.S. markets, the firm continues to explore strategic opportunities for national expansion and product innovation within the digital banking space.
