• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    BM Technologies (BMTX) Announces CFO Transition, Welcoming Ajay Asija to the Leadership Team

    2/7/24 4:00:00 PM ET
    $BMTX
    Major Banks
    Finance
    Get the next $BMTX alert in real time by email

    Ajay Asija will assume the role on April 1, 2024

    RADNOR, PA / ACCESSWIRE / February 7, 2024 / BM Technologies, Inc. (NYSE:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, today announced the appointment of Ajay Asija as Chief Financial Officer, effective April 1, 2024. Mr. Asija will succeed James (Jim) Dullinger, who has held the role since January 2023 and will remain with the company until March 31, 2024.

    Luvleen Sidhu, Chair, Chief Executive Officer, and Founder of BM Technologies said, "We are delighted to welcome Ajay to BM Technologies. Ajay's extensive fintech banking experience and industry knowledge will position us well as we focus on growth, profitability and enhancing shareholder value. His track record of driving results and his deep understanding of finance, fintech, and strategy make him an invaluable addition to our team. Ajay's experience also includes M&A transactions, capital raising and hands-on work with CFO offices and their finance and accounting teams. We will leverage his extensive fintech and banking network for partnership opportunities to drive growth and to ensure best practices for our finance and accounting teams."

    Mr. Asija has over 25 years of experience as a financial professional, with significant focus in the FinTech industry. From 2012 to 2023, Mr. Asija served as Group Head and Senior Managing Director, Financial Services and FinTech, for B. Riley Securities, where he led cross-functional teams and was a strategic advisor to financial services and FinTech companies on mergers and acquisitions, capital raising, and various strategic matters. Mr. Asija started his career in financial services at Lehman Brothers in 1997 and has held a variety of positions with various commercial and investment banks. Mr. Asija holds an MBA in Finance from the Simon School of Business at the University of Rochester, a Masters in Science in Engineering from the University of Massachusetts, Amherst, and a Bachelor of Science in Engineering from Indian Institute of Technology, New Delhi.

    "I am honored to join BM Technologies as CFO and to work alongside such a talented team said Mr. Asija. I am excited about the opportunities ahead and look forward to contributing to the continued success and growth of the company."

    In connection with Mr. Asija's appointment, he received an inducement award of restricted stock units ("RSUs") relating to 300,000 shares of the Company's common stock, 50% of which are time-based RSUs that vest ratably over a four-year period, and 50% of which are performance based RSUs, tied to the achievement of Company financial objectives over a three-year to five-year period, based upon targeted growth levels of the Company's market capitalization and Core EBITDA. This inducement award of RSUs was granted as a material inducement to Mr. Asija's employment with the Company, and was made outside of the Company's 2020 Equity Incentive Plan and was approved by the independent Compensation Committee of the Board and further ratified and approved by the independent members of the Company's Board of Directors in reliance on the inducement award exception from the stockholder approval requirements under Section 711(a) of the NYSE American Listed Company Manual. To comply with the terms of this exception, the inducement award requires prompt public announcement of the award.

    About BM Technologies, Inc.

    BM Technologies, Inc. (NYSE:BMTX) - formerly known as BankMobile - is among the largest digital banking and Banking-as-a-Service (BaaS) providers in the country. It is focused on technology, innovation, easy-to-use products, and education with the mission to financially empower millions of Americans by providing a more affordable, transparent, and consumer-friendly banking experience. BM Technologies, Inc. (BMTX) is a technology company and is not a bank, which means it provides banking services through its partner banks. More information can be found at www.bmtx.com.

    Contact:

    Investors:
    Jim Dullinger, Chief Financial Officer
    BM Technologies, Inc.
    [email protected]

    Media Inquiries:
    Brigit Hennaman
    Rubenstein Public Relations, Inc.
    212-805-3005
    [email protected]

    SOURCE: BM Technologies



    View the original press release on accesswire.com

    Get the next $BMTX alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $BMTX

    DatePrice TargetRatingAnalyst
    11/23/2021$21.00Buy
    Chardan Capital
    More analyst ratings

    $BMTX
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by BM Technologies Inc.

      SC 13G - BM Technologies, Inc. (0001725872) (Subject)

      11/5/24 3:04:48 PM ET
      $BMTX
      Major Banks
      Finance
    • SEC Form SC 13G filed by BM Technologies Inc.

      SC 13G - BM Technologies, Inc. (0001725872) (Subject)

      11/4/24 1:46:28 PM ET
      $BMTX
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by BM Technologies Inc. (Amendment)

      SC 13G/A - BM Technologies, Inc. (0001725872) (Subject)

      2/14/24 1:58:41 PM ET
      $BMTX
      Major Banks
      Finance

    $BMTX
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Executive Officer Sidhu Luvleen returned $3,735,235 worth of shares to the company (747,047 units at $5.00), closing all direct ownership in the company (SEC Form 4)

      4 - BM Technologies, Inc. (0001725872) (Issuer)

      2/3/25 8:43:29 AM ET
      $BMTX
      Major Banks
      Finance
    • Director Hurley Brent returned $242,465 worth of shares to the company (48,493 units at $5.00), closing all direct ownership in the company (SEC Form 4)

      4 - BM Technologies, Inc. (0001725872) (Issuer)

      2/3/25 8:41:12 AM ET
      $BMTX
      Major Banks
      Finance
    • SEC Form 4 filed by Chief Financial Officer Asija Ajay

      4 - BM Technologies, Inc. (0001725872) (Issuer)

      2/3/25 8:30:09 AM ET
      $BMTX
      Major Banks
      Finance

    $BMTX
    SEC Filings

    See more
    • SEC Form SCHEDULE 13G filed by BM Technologies Inc.

      SCHEDULE 13G - BM Technologies, Inc. (0001725872) (Subject)

      2/14/25 2:13:09 PM ET
      $BMTX
      Major Banks
      Finance
    • SEC Form S-8 POS filed by BM Technologies Inc.

      S-8 POS - BM Technologies, Inc. (0001725872) (Filer)

      2/13/25 4:25:24 PM ET
      $BMTX
      Major Banks
      Finance
    • SEC Form S-8 POS filed by BM Technologies Inc.

      S-8 POS - BM Technologies, Inc. (0001725872) (Filer)

      2/13/25 4:24:26 PM ET
      $BMTX
      Major Banks
      Finance

    $BMTX
    Financials

    Live finance-specific insights

    See more
    • BM Technologies Reports Second Quarter & First Half 2024 Results

      First Half 2024 Revenue of $28.7 Million, Up 10% YoYQ2 2024 Interchange and Card Revenue Increased 57% YoYGrowth Initiatives Launched with Cash Back Rewards Engine & 15 Identity Verification (IDV) Product Sales YTD RADNOR, PA / ACCESSWIRE / August 14, 2024 / BM Technologies, Inc. (NYSE:BMTX) ("BM Technologies", "BMTX", "we", or the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, today reported results for the three and six months ended June 30, 2024.Luvleen Sidhu, BMTX's Chair, CEO, and Founder, stated, "This quarter we have made strong progress towards our strategy of digital transformation and setting the stage for growth i

      8/14/24 5:23:00 PM ET
      $BMTX
      Major Banks
      Finance
    • BM Technologies Reports First Quarter 2024 Results

      Revenues and EBITDA Reflect Significant Improvement Year over YearQ1 2024 Revenue of $16.2 Million, Net Income of $0.7 MillionQ1 2024 Core EBITDA of $1.4 Million RADNOR, PA / ACCESSWIRE / May 15, 2024 / BM Technologies, Inc. (NYSE:BMTX) ("BM Technologies", "BMTX", "we", or the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, today reported results for the three months ended March 31, 2024.Luvleen Sidhu, BMTX's Chair, CEO, and Founder, stated, "The first quarter of 2024 marked an important turning point in our company's evolution. The hard work of 2023 has begun to pay off as we posted positive net income of $0.7 million and Co

      5/15/24 5:35:00 PM ET
      $BMTX
      Major Banks
      Finance
    • BM Technologies Reports Fourth Quarter & Full Year 2023 Results

      Full year 2023 Revenue $55.3 MillionTransfer of Higher Education Deposits to First Carolina Bank ("FCB") in December Increased Annualized Interchange Fees by 20 Basis PointsRADNOR, PA / ACCESSWIRE / April 3, 2024 / BM Technologies, Inc. (NYSE:BMTX) ("BM Technologies", "BMTX", "we", or the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, today reported results for the three and twelve months ended December 31, 2023.Luvleen Sidhu, BMTX's Chair, CEO, and Founder, stated, "In December of 2023, we completed the transfer of the Higher Education customer deposits to our new partner bank FCB. Effective with the transfer, we are earnin

      4/3/24 4:15:00 PM ET
      $BMTX
      Major Banks
      Finance

    $BMTX
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more

    $BMTX
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Chardan Capital initiated coverage on BM Technologies with a new price target

      Chardan Capital initiated coverage of BM Technologies with a rating of Buy and set a new price target of $21.00

      11/23/21 8:31:47 AM ET
      $BMTX
      Major Banks
      Finance
    • Maxim Group initiated coverage on BM Technologies with a new price target

      Maxim Group initiated coverage of BM Technologies with a rating of Buy and set a new price target of $25.00

      6/3/21 9:44:40 AM ET
      $BMTX
      Major Banks
      Finance
    • BM Technologies Reports Third Quarter & Year-to-Date 2024 Results

      Year-to-Date 2024 Revenue of $42.8 Million, Up 6% YoYBM Technologies to be Acquired by First Carolina Bank for $5 per share in cash RADNOR, PA / ACCESSWIRE / November 14, 2024 / BM Technologies, Inc. (NYSE:BMTX) ("BM Technologies", "BMTX", "we", or the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, today reported results for the three and nine months ended September 30, 2024.On October 25, 2024, BM Technologies entered into a definitive agreement to be acquired by First Carolina Bank ("FCB" or "First Carolina") pursuant to which First Carolina will purchase all outstanding BMTX shares of common stock for $5.00 per share in a

      11/14/24 4:10:00 PM ET
      $BMTX
      Major Banks
      Finance
    • BM Technologies (BMTX) Wins Tech & Learning Award of Excellence for Back-to-School 2024

      Honored for Delivering Cutting-Edge Solutions-BankMobile Disbursements and BankMobile Vibe-That Address Key Challenges in Higher Education for Schools and Students RADNOR, PA / ACCESSWIRE / November 6, 2024 / BM Technologies, Inc. (NYSE:BMTX) proudly announces its Tech & Learning Award of Excellence: Back-to-School 2024 win in the higher education category for its innovative products, BankMobile Disbursements and BankMobile Vibe.The Tech & Learning Awards celebrate products designed to address critical needs in the education sector, offering schools versatile, valuable solutions to specific challenges and significantly enhance teaching and learning outcomes.BMTX has been providing white-labe

      11/6/24 9:00:00 AM ET
      $BMTX
      Major Banks
      Finance
    • BM Technologies to be Acquired by First Carolina Bank for $67 Million

      BM Technologies Stockholders to Receive $5.00 Per Share in Cash, Representing 55% Premium to Market RADNOR, PA / ACCESSWIRE / October 25, 2024 / BM Technologies, Inc. (NYSE:BMTX) ("the Company" or "BMTX"), one of the largest digital banking platforms, today announced it has entered into a definitive agreement to be acquired by First Carolina Bank ("FCB" or "First Carolina") pursuant to which First Carolina will purchase all outstanding BMTX shares of common stock for $5.00 per share in an all-cash transaction with an equity value of approximately $67 million.Under the terms of the agreement, BM Technologies stockholders will receive $5.00 per share in cash, which represents a 55% premium to

      10/25/24 9:00:00 AM ET
      $BMTX
      Major Banks
      Finance

    $BMTX
    Leadership Updates

    Live Leadership Updates

    See more
    • BM Technologies (BMTX) Announces CFO Transition, Welcoming Ajay Asija to the Leadership Team

      Ajay Asija will assume the role on April 1, 2024RADNOR, PA / ACCESSWIRE / February 7, 2024 / BM Technologies, Inc. (NYSE:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, today announced the appointment of Ajay Asija as Chief Financial Officer, effective April 1, 2024. Mr. Asija will succeed James (Jim) Dullinger, who has held the role since January 2023 and will remain with the company until March 31, 2024.Luvleen Sidhu, Chair, Chief Executive Officer, and Founder of BM Technologies said, "We are delighted to welcome Ajay to BM Technologies. Ajay's extensive fintech banking experience and industry knowledge will position us well as we focus on gr

      2/7/24 4:00:00 PM ET
      $BMTX
      Major Banks
      Finance
    • BM Technologies, Inc. (BMTX) Announces Renowned Digital Marketing Expert Michael Pavone as New Board Member

      RADNOR, PA / ACCESSWIRE / July 20, 2023 / BM Technologies, Inc. (NYSE:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, is thrilled to announce the appointment of a distinguished marketing industry veteran, Michael Pavone, as the newest member of its Board of Directors. With an award-winning track record and 30 years of experience in the digital marketing space, Pavone brings a wealth of knowledge and a fresh perspective to the BMTX organization.Pavone is the CEO of Pavone Marketing Group, Inc., a holding company that comprises five marketing units, a data and analytics company, and a design company. Michael's strong marketing background will help

      7/20/23 4:01:00 PM ET
      $BMTX
      Major Banks
      Finance
    • BM Technologies, Inc. Announces Profit Enhancement Plan and Changes to Management and Directors

      Launch of Targeted Plan to Improve Performance with approximately $15 Million of Expected 2023 Cost SavingsJamie Donahue Elected President and James Dullinger Elected Chief Financial OfficerInvestment Banking Veteran Raj Singh Joins Board of DirectorsRADNOR, PA / ACCESSWIRE / January 30, 2023 / BM Technologies, Inc. (NYSE:BMTX) ("BM Technologies," "BMTX," "we," or the "Company"), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers in the country, announced today a series of actions being taken to streamline its operations, strengthen its management team, position the Company for future growth, and drive long-term shareholder value.Profit Enhancement PlanIn

      1/30/23 8:15:00 AM ET
      $BMTX
      Major Banks
      Finance