FinHub Global Ventures launches new business challenger Mixbank
US-based private equity group FinHub Global Ventures has launched its own challenger brand aimed at disrupting business banking.
Mixbank says it can provide modern banking and cash management for businesses without the need for a credit card.
The challenger aims to aggregate business bank accounts into a dashboard, provide real-time data, and allow the building of custom apps through APIs and GraphQL.
The service is to be offered online or via mobile app and comes – initially – free of charge to users.
Mixbank is the latest financial offering to appear in FinHub’s portfolio.
Among the cohort is social media account Mark, payments API CardQL, invoice firm Payment.Ninja, and processing fintech Ruby.
Andrey Morozov, founder of FinHub and CEO of Payment.Ninja, claims Mixbank is capable of doing “everything a bank [is] supposed to do as well or even better than some ‘real’ banks”.