Mbanq launches $100m institutional funding programme with Swiss bank backing
US banking infrastructure provider Mbanq has secured its first institutional capital through a new $100m facility to scale its lending and earned wage access operations.
Mbanq has secured its first institutional investment from a leading Swiss private bank to support its expansion as a US-based banking infrastructure and embedded finance provider. The capital is deployed through a newly launched funding programme that carries an aggregate capacity of up to $100m.
Securing this capital marks a significant step in building the firm's institutional funding capabilities. For market observers, it indicates that the company is moving beyond early-stage capitalisation to access deeper institutional markets, establishing a scalable framework to finance its growing balance sheet.
The primary catalyst for this expanded funding framework is the rapid growth of the company's lending operations. A major focal point is its Earned Wage Access platform, which has developed into a primary growth engine for the business.
This specific lending solution enables banks, credit unions, fintechs, and enterprise organisations to provide their workforce with responsible access to accrued wages prior to their standard payday. As market demand for these early-wage products and broader lending solutions continues to accelerate, Mbanq requires a robust mechanism to finance its expanding loan portfolio.
Vlad Lounegov, chief executive of Mbanq, noted that the deal reflects strong confidence in the company's long-term strategy. "It strengthens the financial infrastructure that supports our lending business," Lounegov stated. He added that the firm is investing in the capabilities required to help clients scale with confidence as demand for earned wage access increases.
The capital will support a broader suite of financial services. Founded in 2016, the company has maintained profitability since 2019. It supplies core banking technology, Banking-as-a-Service, Lending-as-a-Service, and Compliance-as-a-Service to clients across the globe.
Additionally, the firm provides payments, card issuing, and general embedded finance infrastructure. By securing this $100m institutional facility, the profitable provider is positioning itself to sustain its expansion across the global business-to-business financial technology sector.
