Mbanq has announced its growth milestones with new client platform launches, revenue growth, three new office locations, workforce expansion, and a strategic shift that has seen it strengthen its ‘as-a-service’ portfolio.
The success has seen global footprint has expanded significantly, with three new offices and development centres opening in the past year. These expansions have brought Mbanq’s presence to nine strategic locations across the globe. Notable additions include a new flagship regional headquarters in Bellevue, USA, South European headquarters in Podgorica, Montenegro, and a technology development centre in Bangalore, India.
Alongside this, the company has also doubled its revenue in 2022 compared to the previous year and is on track to double it again by 2024. Notably, 60% of Mbanq’s revenue now comes from new client platforms launched within the last 12-18 months.
Mbanq is renowned for setting the gold standard in the BaaS industry when it comes to safety and sound business practices. Since its inception, compliance has been deeply ingrained in Mbanq’s DNA. The company has consistently adhered to bank-grade regulatory standards and compliance processes.
The company’s technology, with a strong focus on compliance and a culture aligned with regulators and best practices, has made it the first BaaS provider to adopt a compliance-first approach in 2021. Enhanced cash management services, robust reconciliation, and real-time transaction monitoring have further solidified Mbanq’s reputation as a secure and reliable Banking-as-a-Service platform.
Mbanq’s global footprint has expanded significantly, with three new offices and development centers opening in the past year. These expansions have brought Mbanq’s presence to nine strategic locations across the globe. Notable additions include a new flagship regional headquarters in Bellevue, USA, South European headquarters in Podgorica, Montenegro, and a technology development centre in Bangalore, India.
The US organisation offers a comprehensive ‘as-a-service’ portfolio, making it a leader in the United States BaaS market. This includes Regulatory and Compliance-as-a-Service, Dispute Resolutions-as-a-Service, Third-Party Payments Processing, Insights and Personalisation for financial services, and much more. Rooted in quality and stability, Mbanq empowers financial institutions to launch and operate digital finance at any scale.
Vlad Lounegov, CEO of Mbanq, says, “Mbanq’s commitment to excellence, strategic foresight, and relentless pursuit of innovation positions it as a leader in the FinTech industry. With a strong foundation based on bank-grade regulatory and compliance, its team’s decades of top-level banking and FinTech expertise, and a comprehensive suite of services to underpin its technology, Mbanq is well-positioned to make a lasting impact in the financial services sector and to continue its growth trajectory.”
Lars Rottweiler, CTO of Mbanq, says, “Mbanq has had a remarkable journey. Its dedicated global team has relentlessly forged ahead, collaborating across borders to craft cutting-edge neobanks and FinTech platforms. These digital financial services, tailored to distinct customer niches, are a testament to Mbanq’s and its clients’ commitment to innovation.
“At Mbanq, we take immense pride in our technology’s excellence and the compliance and services portfolio that underpins and supports it. It is our privilege to offer a comprehensive Banking-as-a-Service portfolio that simplifies the process of establishing BaaS-driven banking platforms.
“Mbanq’s solutions are designed to be both user-friendly and cost-effective, empowering businesses to embrace the future of finance with confidence.”
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