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401

Mbanq backs Arival Bank by acquiring shares

via FinTech Futures 

Mbanq, an accredited investor, has backed Arival Bank by acquiring shares, as reported by Medium.

Mbanq provides digital core technology and banking-as-a-service (BaaS) and Arival Bank chose it for its digital core banking back in July 2018. (more…)

Banks, Deals, Hotnews

July 26, 2019

1512

Crypto Friendly Digital Bank Arival Accepting Investment Reservations on SeedInvest for Upcoming Crowdfunding Round

via Crowdfund Insider

Digital challenger bank Arival is now accepting reservations for preferred stock on SeedInvest.

Arival will be a crypto-friendly bank – unlike most traditional banks in the United States which tend to be crypto-averse.

The bank was founded on the notion that banks in many places around the world are closing accounts of crypto-related businesses as they are fearful of any collateral ramifications to holding these types of accounts. Arival says they surveyed “hundreds” of Fintech and blockchain startups in their network and 90% indicated they have encountered problems in some capacity.

But it is not only the crypto-sector that Arival wants to service. The digital-only bank wants to provide banking services to all SMEs and GIG economy companies seeking an alternative to the high cost, low service, experience of traditional brick and mortar banks. (more…)

Banks, Crowdfunding/investing, Cryptocurrencies, Hotnews

June 12, 2019