Velmie, a fintech company that specializes in developing digital banking software, has announced the launch of its Business Banking Platform, a comprehensive and customizable solution that aims to address the challenges and needs of financial services providers and fintechs. The platform enables these companies to offer a wide range of business banking services, such as corporate payroll, invoice factoring, cryptocurrency payments, and business deposits, to their clients of all sizes and industries.
The Velmie Business Banking Platform is built on a modular approach that allows each customer to tailor and configure the modules independently, according to their specific requirements and preferences. The platform also offers the possibility to integrate additional financial services from Velmie’s global partner ecosystem, which includes payments, cards, accounts, lending, foreign exchange, digital assets, know your customer (KYC), and anti-money laundering (AML) solutions. This way, the platform can be expanded and enhanced to meet the evolving demands of the market and the customers.
The platform is a white-label solution that comes with all the essential components, from the back office to the apps, that provide a seamless and superior user experience. Velmie also handles the integration and support of the platform, sparing the customers from needing extra expertise and resources. Moreover, the platform is scalable, secure, and compliant with industry regulations, ensuring the protection of sensitive financial data and the smooth operation of the business banking services.
Why Velmie’s Platform Matters
The launch of the Velmie Business Banking Platform is a significant milestone for the industry, as it addresses the gap in the market for business banking solutions that are flexible, affordable, and comprehensive. According to the World Bank report, 65 million firms, or 40% of formal micro, small and medium enterprises (MSMEs) in developing countries, have an unmet financing need of $5.2 trillion every year. Moreover, 60% of small businesses are still struggling to pay business-related expenses, and 87% of business owners use the same financial services provider for their business and personal accounts.
Velmie’s platform offers a unique opportunity for financial services providers and fintechs to tap into this huge and underserved market, by offering them a complete and customized business banking solution that can cater to their diverse and complex needs. By leveraging Velmie’s platform, these companies can extend their reach, increase their revenues, and improve their customer satisfaction and loyalty.
What Velmie’s CEO Says
Slava Ivashkin, the CEO of Velmie, expressed his excitement and confidence about the launch of the Business Banking Platform, and the impact it will have on the industry and the customers. He said:
“Committed to addressing the financial challenges businesses face, our platform offers a seamless and customized solution. It empowers fintechs and banks to extend their reach with a comprehensive business banking solution, tailored for businesses of all sizes globally.”
He also added:
“This launch underscores our dedication to simplifying financial experiences and transforming the landscape of modern banking.”
Velmie invites fintech businesses to embark on a transformative journey in financial services with its Business Banking Platform.
