MainStreet Bancshares, Inc. announced the launch of Avenu's fully integrated Software as a Service (SaaS) technology along with its first client on the new solution--SafariPay. The Avenu team announced that SafariPay's global money transmittance service known as PaySii is its first onboarded client. The SafariPay relationship links MainStreet Bank's deposit and payments capabilities with a community of U.S. residents who want a U.S. banking relationship that also provides a convenient, secure, and reliable way to send money to friends and family in Africa, the UK, the European Union, and the Middle East.

The Avenu team relied upon its collective experience with traditional Banking as a Service (BaaS) clients as a baseline to design and build its new SaaS technology. The design fully integrated digital tools into Avenu's SaaS technology that are aligned with best practices for safety and soundness and compliance purposes. The team also designed a purpose-built training program to provide a scalable and reliable solution to meet the needs of BaaS clients now and into the future.