HMBradley shifts to invite-only

HMBradley, a neobank for savers, is shifting to invite-only mode as it seeks additional banking partners to accommodate the rapid growth in deposits it has garnered over the past several months. 

The Santa Monica, California-based fintech, which launched in 2019, has accepted more than $400 million in total deposits, and has experienced a 300% increase in deposits since the start of the year, it said.

Read more: Banking Dive