BMTX - BM Technologies announces acquisition of Envel's software technology

2023-06-20 08:57:14 ET

• BM Technologies ( NYSE: BMTX ) has entered into a definitive asset purchase agreement to acquire Envel's software technology.
• The product helps customers manage their finances- from simple budgeting to investments-and includes unique features like digital envelopes to help customers manage their money from spending to saving.
• The Company intends to continue to invest in its platform to ensure they create a valuable and long-term relationship with its customers.
• "With their unique customer acquisition strategy and scaled customer base, the Envel technology can continue to grow and help millions of people on their path to financial independence, continuing the Envel journey," said Steve Le Roux, Founder of Envel.

For further details see: