Mbanq Secures First Institutional Investment in Funding Programme
US-based banking infrastructure company Mbanq has secured its first institutional investment from a Swiss private bank into its newly launched funding programme. This marks an important milestone for the firm as it expands its lending and Earned Wage Access (EWA) platform, which allows employees to access earned wages before payday. The investment supports Mbanq's strategy of scaling its financial infrastructure capabilities in response to growing demand for EWA and other lending solutions. The funding programme has a total capacity of up to $100 million, enabling the company to support portfolio growth through scalable institutional financing. Founded in 2016, Mbanq provides core banking technology, payments, card issuing, compliance services, and embedded finance infrastructure globally. Vlad Lounegov, CEO of Mbanq, emphasized that this investment reflects confidence in the firm's long-term strategy and strengthens its financial foundation to help clients scale with assurance.
Topics: banking infrastructure Earned Wage Access (EWA) embedded finance fintech lending