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Luvleen Sidhu, Chair, CEO and Founder of BM Technologies (NYSE: BMTX), Included in Innovative ...

April 13, 2021 GMT
Luvleen Sidhu, Chair, CEO and Founder of BM Technologies (BMTX)
Luvleen Sidhu, Chair, CEO and Founder of BM Technologies (BMTX)

Radnor, PA, April 13, 2021 (GLOBE NEWSWIRE) -- BM Technologies, Inc. (NYSE American: BMTX, BMTX.W), one of the largest digital banking platforms in the country, announced that Luvleen Sidhu, Chair, CEO and Founder, has been included in Innovative Finance’s Women in FinTech Powerlist 2020 and was also selected as one of its ‘Standout 35’ Stars. Additionally, Sidhu was recognized by Banking Northeast as one its New York Women in Banking.

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The Women in FinTech Powerlist 2020 recognizes 200 women that are “leading innovation in financial services.” The ‘Standout 35’ Stars were further selected “due to their outstanding contribution to FinTech.”

Banking Northeast recently published its New York Women in Banking list, which “shines a light on the many trailblazers who are leading the way for others in this once male-dominated area.” The women included in the list were honored for their contributions to the industry.

“I’d like to congratulate all my fellow peers who were selected for the Innovative Finance and Banking Northeast recognitions,” stated Sidhu. “I am honored to be among this group of female leaders who are making remarkable contributions to the banking and fintech industries.”

Under Sidhu’s leadership, BM Technologies (BMTX) went public in January 2021 through a merger with Special Purpose Acquisition Company Megalith Financial Acquisition Corp. and is now listed on the NYSE. She was the youngest female Founder and CEO to take a company public at the time of its listing. BM Technologies (BMTX) is one of the first publicly-traded neobanking fintechs and one of the first de-SPACs of 2021.

Launched in January 2015, BM Technologies (BMTX), formerly known as BankMobile, is on a mission to provide a compliant, digital-first banking experience that is simple, affordable and consumer-friendly. The company has a disruptive, multi-partner distribution model, known as Banking-as-a-Service (BaaS).Today, it provides its BaaS platform to colleges and universities through  BankMobile Disbursements, which serves approximately one in every three college students in the United States.

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Additionally, Sidhu oversaw BM Technologies (BMTX) expanding its BaaS strategy with T-Mobile for the launch of T-Mobile MONEY. She also helped the company execute an agreement with Google to introduce digital bank accounts, which will be available to its customers.

Sidhu was also named one of Crain’s New York Business 2021 Notable Women on Wall Street, one of its 2020 40 Under 40 and a Rising Star in Banking & Finance in 2020 and one of Lehigh Valley Business’s 2020 Forty Under 40.

Sidhu has been featured regularly in the media including on CNBC, Bloomberg TV, NYSE Floor Talk, Nasdaq TradeTalks, Yahoo Finance, Cheddar and in Fortune.com, The Wall Street Journal and Forbes.com, among others. She is also a national and international speaker at significant conferences such as the Treasury Winter Summit in 2020, Fintech South 2020 Virtual Summit, LendIt Fintech USA 2020, Tearsheet’s Challengers Conference 2020 and the Everygirls Rise Conference in 2020.

Sidhu is also passionate about mentoring women. Additionally, she is a leader in the Soka Gakkai International Non-Profit, mentoring individuals and providing them with guidance and actionable tips to help them achieve their full potential professionally, personally and spiritually. Sidhu is also a member of the Young Presidents’ Organization (YPO). She holds a Master of Business Administration from The Wharton School at the University of Pennsylvania and a Bachelor of Arts Degree in Government from Harvard College.

 

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About BM Technologies, Inc.

BM Technologies, Inc. (NYSE American: BMTX, BMTX.W) is among the largest digital banking platforms in the U.S., providing access to checking and savings accounts, personal loans, credit cards, and financial wellness. It is focused on technology, innovation, easy-to-use products, and education with the mission of being “customer-obsessed” and creating “customers for life.” The BMTX digital banking platform employs a multi-partner distribution model, known as “Banking-as-a-Service” (BaaS), that enables the acquisition of customers at higher volumes and substantially lower expense than traditional banks, while providing significant benefits to its customers, partners, and business. BMTX currently serves over two million account-holders and provides disbursement services at approximately 725 college and university campuses (covering one out of every three students in the U.S.). BM Technologies, Inc. is a technology company and is not a bank, which means it provides banking services through its partner banks. More information can also be found at  https://ir.bmtxinc.com/.

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Kati Waldenburg BM Technologies, Inc. (BMTX) 2128053014 kwaldenburg@rubensteinpr.com