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CHEQLY LAUNCHES SME- FOCUSED DIGITAL BANKING USING MBANQ ’ S BAAS PLATFORM
assets under administration ,” said Tomar Milar , CEO of Cheqly . “ The quality of Mbanq ’ s Banking-as-a-Service platform , together with a user-centric approach , means Cheqly can provide tailored and bespoke products at a low cost for businesses and SMEs . On top of this , we have already built a wonderful level of personal connection with our clients , which will help newcomers overcome trust issues .”
“ SMEs offer vast potential as a customer segment . Cheqly ’ s innovative service model , enabled by Mbanq ’ s technology and as-a-Service portfolio , allows Cheqly to reduce cost-to-serve and deliver tailored customer services to businesses ,” said Vlad Lounegov , CEO of Mbanq . “ Cheqly ’ s goal is to build a more comprehensive digital banking experience for clients and Mbanq ’ s BaaS technology and services team are there to help every step of the way .”
Mbanq ’ s BaaS platform is a digital and fully regulatory compliant solution that enables traditional
Mbanq , a USA-based FinTech innovator and global Banking-as-a-Service ( BaaS ) provider , has announced that Cheqly , a FinTech that makes banking simple for start-ups , has launched utilising Mbanq ’ s BaaS platform . With this partnership , Cheqly provides its customers with an improved banking experience that is specifically focused on the needs of small- and medium-sized enterprises ( SMEs ) and start-ups .
Cheqly provides easy-to-use and more accessible bank accounts and cards for entrepreneurs and business owners across the United States . Cheqly was inspired by the deficiency in the market for providing accounts and financial services to small- to mediumsized businesses at the grassroots level . As a result of collaborating with Mbanq , Cheqly has successfully developed and launched a highly focused solution .
“ At Cheqly , our end goal is to provide the best possible banking experience for the start-up community . We are supported by Eqvista – a cap table and valuation platform which has US $ 36 billion in
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AT CHEQLY , OUR END GOAL IS TO PROVIDE THE BEST POSSIBLE BANKING EXPERIENCE FOR THE START-UP COMMUNITY .
banks , challenger banks and FinTech companies to roll out their business scenario in a compliant and fast way . The platform supports the full scope of financial services and offers a unified database with quick time-to-market . Its modular architecture allows for full API connectivity , making it a flexible and efficient solution for businesses looking to enhance their financial services .
Cheqly ’ s platform is already live , but development will not stop there . Its vision is to give entrepreneurs time to focus on their business by providing a digital ‘ beyond banking ’ platform that will handle payments , provide business analytics using AI and plug in additional customer services . �
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