Evolve Bank & Trust and Bond Partner to offer Banking-as-a-Service solutions
By Edlyn Cardoza
Evolve Bank & Trust, and Bond Financial Technologies, Inc. are pushing the boundaries of embedded finance to bring innovation to companies that want to offer financial products to their customers. Evolve and Bond enables entrepreneurs to build and launch innovative financial solutions at scale.
“As a leading fintech sponsor bank, Evolve is excited by the capabilities Bond brings to our partnership,” said Hank Word, President of Evolve’s Open Banking division. “Bond’s architecture and product roadmap is built for scalability, which allows the large brands they are partnering with to fold seamlessly into Evolve. We are deeply committed to continue building the fintech ecosystem through this uniquely beneficial partnership.”
By adding Evolve to its growing ecosystem of bank partners, Bond will offer new debit and credit cards capabilities for businesses and consumers alike. As part of Bond Treasury, some of Bond’s innovative products include no-fee instant payouts for SaaS companies and expense management cards for businesses. Bond’s unique consumer solutions include a credit builder card and a crypto-backed credit card.
“Bond and our customers benefit from Evolve’s tech-forward approach to financial services,” said Roy Ng, co-founder and CEO of Bond. “We are excited to partner with Evolve as we continue to execute on our go-to-market strategy. As one of the earliest sponsor banks to adopt a fintech-first model, we are already benefiting from Evolve’s experiences and insights.”
Bond and Evolve will share a stage at the American Banker Payments Forum on May 18, where Ng and Scot Lenoir, Chairman of Evolve Bank & Trust, will discuss how FinTechs and banks can pave the way for the rapidly evolving FinTech landscape.
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