The BHB Fund Invests in Infinant, Delivering Innovation
to Community Banks, By Community Banks
to Community Banks, By Community Banks
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FOR IMMEDIATE RELEASE
Austin, TX – December 20, 2024 — The BHB Fund, a cornerstone of the Bankers Helping Bankers (BHB) ecosystem, is excited to announce its investment in Infinant, a fintech leader providing a cloud-native platform that empowers community banks to deliver modern financial services. This investment exemplifies the BHB Fund’s mission: to bring innovative technology, designed for banks, directly to banks, ensuring they remain vital and competitive in today’s evolving financial landscape. |
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Infinant’s groundbreaking platform exemplifies this vision by providing community banks with the tools to seamlessly integrate fintech and brands to financial services. It enables banks to deliver personalized and scalable digital banking services while remaining true to their mission of serving local communities. With Infinant’s technology, community banks can grow their bank through new digital and embedded finance channels without compromising their unique identity nor regulatory control.
“Infinant’s platform embodies the type of transformative innovation we seek to bring to the banking community. This investment is about equipping banks to stay ahead while staying true to what makes them indispensable, said Matthew Smith, President of Bankers Helping Bankers.” “The BHB Fund exists to ensure that community banks, with their specific challenges, have access to the best technology available,” said Neeraj Vohra, BHB Fund Managing Partner, “because the BHB Fund is not just an investor, but a bridge connecting cutting-edge fintech solutions with the banks that need them the most.”
“We are thrilled to join the BHB Fund’s portfolio,” said Riaz Syed, CEO and founder of Infinant. “Community banks are the backbone of local economies, and through the BHB Fund’s support, we’re able to provide banks with the platform they need to transform from geographic to digital economies. This partnership represents a shared commitment to innovation and growth.”
The Bankers Helping Bankers ecosystem is rapidly growing into the premier destination for banks seeking innovative solutions. By uniting banks and fintechs under a shared purpose, BHB is creating a space where forward-thinking partnerships thrive. The BHB Fund’s unique focus on empowering banks with technology created “approved by bankers, for bankers” ensures that every solution is practical, impactful, and accessible. Established to serve as a resource for community banks, the Fund enables these institutions to access the same technological advancements as larger players, empowering them to adapt, thrive, and continue serving their communities effectively. Every investment made by the BHB Fund is purpose-driven, aiming to solve real-world challenges faced by banks of all sizes.
About Infinant
Charlotte, N.C.-based Infinant provides the growth platform for financial institutions to power their digital and embedded banking channels without core replacement. Infinant differentiates by giving banks the ability to launch multiple channels, with accounts, payments and card, on a single platform under bank-control to satisfy regulators. Infinant creates new value propositions for financial institutions to act and advance their market. To learn more about staying above-the-core, visit www.infinant.com.
About BHB Fund
The BHB Fund is a community bank-focused fintech venture capital fund managed by Latitude38 Venture Partners in partnership with IBAT Services, Inc., a subsidiary of the Independent Bankers Association of Texas (IBAT) and FedFis. Latitude38 Venture Partners was launched in 2022 by General Partners Neeraj Vohra and Richard Leggett who bring extensive investing and operating experience. Christopher Williston,CEO of IBAT; Dave Mayo, CEO of FedFis and Jay Dreibelbis, President and CEO of Woodforest National Bank are members of the BHB Fund’s investment committee along with Neeraj Vohra and Richard Leggett. The BHB Fund is affiliated with the Bankers Helping Bankers Network, launched in 2021 as a collaboration between FedFis and IBAT. For more information about the BHB Fund visit www.bhbfundvc.com
Media Contact:
Rachel Hernandez
[email protected]
“Infinant’s platform embodies the type of transformative innovation we seek to bring to the banking community. This investment is about equipping banks to stay ahead while staying true to what makes them indispensable, said Matthew Smith, President of Bankers Helping Bankers.” “The BHB Fund exists to ensure that community banks, with their specific challenges, have access to the best technology available,” said Neeraj Vohra, BHB Fund Managing Partner, “because the BHB Fund is not just an investor, but a bridge connecting cutting-edge fintech solutions with the banks that need them the most.”
“We are thrilled to join the BHB Fund’s portfolio,” said Riaz Syed, CEO and founder of Infinant. “Community banks are the backbone of local economies, and through the BHB Fund’s support, we’re able to provide banks with the platform they need to transform from geographic to digital economies. This partnership represents a shared commitment to innovation and growth.”
The Bankers Helping Bankers ecosystem is rapidly growing into the premier destination for banks seeking innovative solutions. By uniting banks and fintechs under a shared purpose, BHB is creating a space where forward-thinking partnerships thrive. The BHB Fund’s unique focus on empowering banks with technology created “approved by bankers, for bankers” ensures that every solution is practical, impactful, and accessible. Established to serve as a resource for community banks, the Fund enables these institutions to access the same technological advancements as larger players, empowering them to adapt, thrive, and continue serving their communities effectively. Every investment made by the BHB Fund is purpose-driven, aiming to solve real-world challenges faced by banks of all sizes.
About Infinant
Charlotte, N.C.-based Infinant provides the growth platform for financial institutions to power their digital and embedded banking channels without core replacement. Infinant differentiates by giving banks the ability to launch multiple channels, with accounts, payments and card, on a single platform under bank-control to satisfy regulators. Infinant creates new value propositions for financial institutions to act and advance their market. To learn more about staying above-the-core, visit www.infinant.com.
About BHB Fund
The BHB Fund is a community bank-focused fintech venture capital fund managed by Latitude38 Venture Partners in partnership with IBAT Services, Inc., a subsidiary of the Independent Bankers Association of Texas (IBAT) and FedFis. Latitude38 Venture Partners was launched in 2022 by General Partners Neeraj Vohra and Richard Leggett who bring extensive investing and operating experience. Christopher Williston,CEO of IBAT; Dave Mayo, CEO of FedFis and Jay Dreibelbis, President and CEO of Woodforest National Bank are members of the BHB Fund’s investment committee along with Neeraj Vohra and Richard Leggett. The BHB Fund is affiliated with the Bankers Helping Bankers Network, launched in 2021 as a collaboration between FedFis and IBAT. For more information about the BHB Fund visit www.bhbfundvc.com
Media Contact:
Rachel Hernandez
[email protected]
Source: FI FinTech Newsroom