BM Technologies, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2021
October 13, 2021 at 01:00 pm
Share
BM Technologies, Inc. provided earnings guidance for the third quarter and full year of 2021. For the quarter, the company expects revenues to be approximately $22 million, representing an increase of about 20% when compared to revenues of $18.3 in the same year-ago quarter.
For the full year, the company expects revenues to be about $92 million, representing an increase of approximately 37% when compared to revenues of $66.9 in the full year 2020.
BM Technologies, Inc. is a financial technology company. The Company facilitates deposits and banking services between a customer and its partner bank, Customers Bank and First Carolina Bank, (the Partner Banks), which are related parties. The Company provides high-tech digital banking and disbursement services to consumers and students nationwide through a full service fintech banking platform, accessible to customers anywhere and anytime through digital channels. Its banking platform provides access to checking and savings accounts, personal loans, and financial wellness. Its fintech business model leverages Banking-as-a-Service (BaaS) partnersâ and University partnersâ existing customer bases to achieve high volume, low-cost customer acquisition in its Higher Education Disbursement and BaaS businesses.
BM TECHNOLOGIES, INC. 
