Mbanq acres growth accomplishments

Mbanq has achieved significant growth milestones, marked by the launch of new client platforms, revenue growth, the establishment of three new office locations, workforce expansion, and a strategic shift towards enhancing its ‘as-a-service’ portfolio.

In the past year, the company has expanded its global presence, opening three new offices and development centres, bringing its total strategic locations to nine worldwide. These additions include a flagship regional headquarters in Bellevue, USA, a South European headquarters in Podgorica, Montenegro, and a technology development centre in Bangalore, India.

Furthermore, Mbanq’s revenue doubled in 2022 compared to the previous year, and it is on track to double it again by 2024. Remarkably, 60% of the company’s revenue now comes from new client platforms introduced within the last 12-18 months.

Mbanq is well-known for setting high standards in the Banking-as-a-Service (BaaS) industry, especially in terms of safety and sound business practices. Compliance and adherence to bank-grade regulatory standards have been fundamental to the company’s DNA since its inception.

In 2021, Mbanq became the first BaaS provider to adopt a compliance-first approach. Its technology, with a strong focus on compliance, enhanced cash management services, robust reconciliation, and real-time transaction monitoring, has solidified its reputation as a secure and reliable Banking-as-a-Service platform.

Mbanq’s comprehensive ‘as-a-service’ portfolio includes Regulatory and Compliance-as-a-Service, Dispute Resolutions-as-a-Service, Third-Party Payments Processing, Insights and Personalisation for financial services, among other offerings, making it a leader in the U.S. BaaS market. This empowers financial institutions to launch and operate digital finance solutions at any scale.

Vlad Lounegov, CEO of Mbanq, emphasised the company’s commitment to excellence and innovation, driven by its strong foundation in regulatory compliance and a team with deep banking and FinTech expertise. He sees Mbanq as well-positioned to make a lasting impact in the financial services sector.

Lars Rottweiler, CTO of Mbanq, highlighted the company’s journey, marked by a global team’s relentless pursuit of innovation. Mbanq’s technology and compliance services portfolio support cutting-edge neobanks and FinTech platforms designed for specific customer niches. Their user-friendly and cost-effective solutions aim to empower businesses in embracing the future of finance with confidence.