Mbanq, a U.S.-based provider of banking infrastructure and embedded finance technology, has received the inaugural investment for its newly established institutional funding program from a leading Swiss private bank. The investment supports the continued expansion of Mbanq’s lending business, particularly its rapidly growing Earned Wage Access (EWA) platform, which enables banks, credit unions, fintechs, and enterprises to provide employees with responsible access to earned wages before payday. The money is made available by USD loan participation notes which are securities backed by a loan and can be sold in the Open Market segment of Dusseldorf stock exchange.
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This program’s total capacity is up to $100 million. Launched in 2016, Mbanq has been profitable since 2019. At the moment, it brings Bank-as-a-Service, Lending-as-a-Service payments card issuing, compliance, and embedded finance solutions for financial institutions around the globe. “This inaugural institutional investment represents an important milestone for Mbanq,” said Vlad Lounegov, CEO of Mbanq. “It demonstrates confidence in our long-term strategy and strengthens the financial infrastructure that supports our lending business. As demand for Earned Wage Access and other lending solutions grows, we’re investing in the capabilities that enable our clients to scale with confidence.”
