SOURCE: Zenbanx

Zenbanx

October 13, 2015 10:00 ET

Zenbanx Named FinTech Forward "Company to Watch"

App Makes Money More Mobile Across Borders

REDWOOD CITY, CA--(Marketwired - October 13, 2015) - Zenbanx was recognized today as a "Company to Watch" by American Banker and the Bank Administration Institute (BAI) at the BAI Retail Delivery Conference in Las Vegas. The company is featured in the 2015 FinTech Forward Special Report. Zenbanx CEO and founder, Arkadi Kuhlmann, also participated in the FinTech Forward President & CEO Panel Discussion, led by Penny Crosman, editor-in-chief, Bank Technology News and Technology Editor, American Banker.

"It is extremely satisfying to get this recognition from these two well-respected brands in the banking industry," said Kuhlmann. "As a 'Company to Watch,' we know that people view Zenbanx as having the potential to shift how easily and economically money is transferred and currencies exchanged."

For consumers, the Zenbanx account makes money mobile and social. Customers can save in up to five of the nine currency positions offered; exchange among the positions; add a personal message and photo with the money they send. Imbedded security features during sign up and transfers keep the sender and receiver safe and enable sent money to be tracked to ensure it reaches its destination.

Zenbanx has several relationships with financial institutions to date that will enable them to grow quickly. WSFS Bank based in Delaware and insured by the FDIC; and DUCA Financial Services Credit Union Ltd. (DUCA) in Toronto and insured by DICO.

Quick Facts

  • Zenbanx mobile app enables International P2P payments for a maximum of $4.95
  • International sends to other Zenbanx customers are $0.95
  • Domestic sends to other Zenbanx customers are free
  • Currencies can be exchanged when rates are best
  • Hold five of the nine currencies currently offered AUD, CAD, EUR, GBP, HKD, INR, JPY, SGD and USD
  • Make international ATM withdrawals or purchases with the Zenbanx debit card
  • Earn interest on all the currencies in the account
  • Deposits are FDIC insured up to $250,000 USD equivalent

Learn More

  • Visit Zenbanx
  • Check out Zenbanx on YouTube for an app demo and interviews with CEO Arkadi Kuhlmann.

About Zenbanx:

Zenbanx is a financial technology provider that offers mobile, multi-currency accounts through relationships with regulated financial institutions. A Zenbanx account enables customers to hold balances denominated in up to five of the nine currencies offered in a single account and conveniently and securely exchange among currencies and transfer funds domestically or internationally for a flat rate -- all from their mobile. Zenbanx accounts in Canada are offered by DUCA Financial Services Credit Union Ltd. (DUCA), in Toronto, and will be available in Q4 in the US through a strategic alliance with WSFS Financial Corporation. All customer funds held in a Zenbanx account are subject to the security and insurance protections of a regular bank account.

Zenbanx was founded in 2012 by Arkadi Kuhlmann (former CEO and founder of ING Direct Canada and USA) to make money global, mobile and secure. Zenbanx is backed by significant investor funding and co-founded by seasoned executives from the banking, foreign exchange and financial technology industries. Incorporated in Delaware, Zenbanx has offices in Wilmington, Delaware; Redwood City, California; and Toronto, Ontario. For information about the Zenbanx account, visit www.Zenbanx.com.

About WSFS Financial Corporation

WSFS Financial Corporation is a multi-billion dollar financial services company. Its primary subsidiary, WSFS Bank, is the largest and oldest bank and trust company headquartered in the Delaware Valley with $4.9 billion in assets on its balance sheet and $9.4 billion in fiduciary assets, including over $1 billion in assets under management. WSFS operates from 56 offices which are located in Delaware (45), Pennsylvania (9), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking and trust and wealth management. Other subsidiaries or divisions include Christiana Trust, WSFS Investment Group, Inc., Cypress Capital Management, LLC, Cash Connect®, Array Financial and Arrow Land Transfer. Serving the Delaware Valley since 1832, WSFS is the seventh oldest bank in the United States continuously operating under the same name. For more information, please visit wsfsbank.com.

About DUCA Financial Services Credit Union Ltd.:

Zenbanx multi-currency accounts in Canada are offered by DUCA Financial Services Credit Union Ltd. (DUCA), which provides innovative Co-Operative Banking as an attractive alternative to traditional banks. DUCA's products are designed for Canadians who want Fair Trade banking™ -- simple, low-cost community banking for people who care about their world, their community, and making a difference. With high interest savings and low-cost loans, DUCA exists to help people do more, be more, and achieve more with their money and their lives. To find out how, visit; www.DUCA.com.

Contact Information