BHB Fund Fuels Next-Gen Payments: Investing in Neural Payments
to Empower Community Banks
to Empower Community Banks
FOR IMMEDIATE RELEASE
Austin, TX – January 20, 2025 — The BHB Fund, a cornerstone of the Bankers Helping Bankers (BHB) ecosystem, is excited to announce its investment in Neural Payments, a fintech provider that specializes in peer-to-peer (P2P) and real-time payment solutions designed to meet the evolving needs of community banks. This investment underscores the BHB Fund’s core mission: to bring innovative technology, designed for banks, directly to banks—ensuring they remain competitive and vital in an ever-shifting financial landscape. |
Neural Payments leverages next-generation payment technology to give community banks seamless, real-time capabilities that meet modern customer expectations. By integrating P2P solutions and streamlining transactions across multiple rails, Neural Payments helps banks expand their offerings, boost customer loyalty, and remain vital financial anchors within the communities they serve.
“Neural Payments represents exactly the type of transformative innovation we look to bring to community banks,” said Matthew Smith, CEO of Bankers Helping Bankers, and this investment reflects our commitment to arming banks with the best tools to remain both relevant and responsive.” “The BHB Fund isn’t just an investor—we’re a partner that bridges the gap between banks and the high-impact technology they need,” said Neeraj Vohra, BHB Fund Managing Partner.
“We’re honored to be part of the BHB Fund’s portfolio,” said Mick Oppy, Co-Founder and CEO of Neural Payments. “Neural Payments has valued our long-standing partnership with the FedFis team, working together to empower U.S. financial institutions in shaping the future of payments. We’re excited to welcome the BHB Fund as we expand this journey, unlocking even more opportunities in the payments landscape.”
The Bankers Helping Bankers ecosystem is rapidly becoming the premier destination for community banks in search of forward-thinking fintech solutions. The BHB Fund’s unique focus on empowering banks with technology “approved by bankers, for bankers” ensures that each fintech solution is both practical and impactful. Established to serve as a resource for community banks, the Fund enables these institutions—regardless of size—to access the same technological advances as larger players, allowing them to adapt, grow, and continue serving their communities effectively.
About Neural Payments
Neural Payments began as an idea from Co-Founder and CEO, Mick Oppy, in an MIT classroom discussion on disruption. Together with Co-Founder and CTO, Daniel Norton, they’ve built Neural Payments into a transformative technology tailored for financial institutions. Today, they connect the top payments networks in the US, providing banks and credit unions with tools to offer real-time P2P payments, disbursements, and scalable fraud protection to their customers.
Neural Payment’s white labeled payments engine seamlessly integrates into digital banking apps, enabling institutions to recapture deposits, reduce costs, and deliver a secure, customer-first payment experience. With Neural Payments, financial institutions can innovate with confidence, meeting the demands of modern customers while minimizing fraud risks. For more information about Neural Payments visit www.neuralpayments.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, serve on the BHB Fund’s investment committee alongside Vohra and 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.
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Media Contact:
Rachel Hernandez
[email protected]
“Neural Payments represents exactly the type of transformative innovation we look to bring to community banks,” said Matthew Smith, CEO of Bankers Helping Bankers, and this investment reflects our commitment to arming banks with the best tools to remain both relevant and responsive.” “The BHB Fund isn’t just an investor—we’re a partner that bridges the gap between banks and the high-impact technology they need,” said Neeraj Vohra, BHB Fund Managing Partner.
“We’re honored to be part of the BHB Fund’s portfolio,” said Mick Oppy, Co-Founder and CEO of Neural Payments. “Neural Payments has valued our long-standing partnership with the FedFis team, working together to empower U.S. financial institutions in shaping the future of payments. We’re excited to welcome the BHB Fund as we expand this journey, unlocking even more opportunities in the payments landscape.”
The Bankers Helping Bankers ecosystem is rapidly becoming the premier destination for community banks in search of forward-thinking fintech solutions. The BHB Fund’s unique focus on empowering banks with technology “approved by bankers, for bankers” ensures that each fintech solution is both practical and impactful. Established to serve as a resource for community banks, the Fund enables these institutions—regardless of size—to access the same technological advances as larger players, allowing them to adapt, grow, and continue serving their communities effectively.
About Neural Payments
Neural Payments began as an idea from Co-Founder and CEO, Mick Oppy, in an MIT classroom discussion on disruption. Together with Co-Founder and CTO, Daniel Norton, they’ve built Neural Payments into a transformative technology tailored for financial institutions. Today, they connect the top payments networks in the US, providing banks and credit unions with tools to offer real-time P2P payments, disbursements, and scalable fraud protection to their customers.
Neural Payment’s white labeled payments engine seamlessly integrates into digital banking apps, enabling institutions to recapture deposits, reduce costs, and deliver a secure, customer-first payment experience. With Neural Payments, financial institutions can innovate with confidence, meeting the demands of modern customers while minimizing fraud risks. For more information about Neural Payments visit www.neuralpayments.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, serve on the BHB Fund’s investment committee alongside Vohra and 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.
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Media Contact:
Rachel Hernandez
[email protected]
Source: FI FinTech Newsroom