Bankable gets investment from new partner Visa
This news come with an unspecified investment in Bankable by the payments giant.
The partnership will allow Visa members to obtain access to Bankable’s platform to help them deploy digital banking and real-time payment services, aiming to achieve a short time to market.
Eric Mouilleron, CEO and founder of Bankable, says: “In addition to Europe, we will open three markets in the next 12 months (North America, Latam, MENA) to leverage relevant opportunities globally and help our European and US fintech clients expand.”
“The Banking-as-a-Service model enables financial institutions and fintechs to be more agile in this ever-changing market,” says Bill Gajda, global head, strategic partnerships and innovation, Visa. “Our strategic partnership with Bankable will support our clients as they continue to adapt to an evolving landscape.”
Bankable says it can leverage VisaNet to extend its existing international payment and banking solutions.
The company says its platform does not interfere with established systems and allows clients to operate digital banking services with no disruption to their processes.