Cheqly, a San Francisco-based fintech, has partnered with Mbanq’s Banking-as-a-Service (BaaS) platform to launch its SME-focused digital banking services in the US. Cheqly offers tailored financial solutions for start-ups and small to medium-sized enterprises (SMEs), including business accounts, Visa debit cards, ACH payments, wire transfers, and digital tools. By leveraging Mbanq’s BaaS platform, Cheqly aims to provide cost-effective and customized products while expanding its offerings in the future.
Facts
- Cheqly adopts Mbanq’s BaaS platform for its US launch of SME-focused digital banking services.
- Cheqly is a San Francisco-headquartered fintech that caters to the needs of start-ups and SMEs.
- Cheqly’s services include business accounts, Visa debit cards with digital wallet compatibility, ACH payments, wire transfers, and digital tools.
- Cheqly partnered with Mbanq, a US-based fintech, to utilize its BaaS solution for a successful launch.
- Mbanq’s BaaS platform enables traditional banks, challenger banks, and fintech companies to deploy their business scenarios.
- Mbanq’s platform supports the full scope of financial services and offers a modular architecture with full API connectivity.
- Cheqly’s launch was supported by seed funding from Eqvista, a cap table and valuation platform with $36 billion in assets under administration.
- Cheqly envisions expanding its platform to include payments, AI-driven business analytics, and additional customer services in the future.
