Tackling BaaS without help is a mammoth undertaking. It means building a back-end system, setting up an app, creating all the APIs and partner agreements to offer the product(s). It also means navigating complicated compliance rules and operational hurdles on your own, as well as ensuring that your infrastructure is prepared to handle not only the integrations necessary to run a BaaS operation, but the high volumes of activity that come with it. Neofie provides the Technology, Banking, & Compliance expertise with a focus on challenger banks/neobanks and MNOs.

Neofie is backed by:

• A comprehensive, cloud-based, real-time core banking platform and a technology suite built by a team that has been provisioning banking and Fintech systems and services for over 20 years – With over $400 MM invested in technology builds and acquisitions that you get access to.
• A group of companies that own a bank, a credit-card issuing company, a lending business, and several technology companies that span multiple industry verticals. We have the original patents for mobile wallets and a suite of cloud payments, QR codes, stored value technologies, and services. Over 150 patents have been issued to us on various elements of our technology stack.
• A group of Fintech experts with deep experience in wallets, cards, money transfer, lending, and Fintech ancillary services.

Your brand, our eco-system: We offer a turnkey private-label neobank service handling all the technology and compliance so you can focus on your end-customer and your brand. We operate your neobank for you under your brand strategy, rules, and parameters so you can focus on customer enrollment and retention, success, and augmenting the scope of your brand into a profitable offering that is in high demand by consumers.

Since Neofie’s offerings operate on a complete banking platform (not a card platform like other neobanks), we allow you to offer all types of deposit and lending products. Deposits can be as varied as checking accounts, saving accounts, and high-interest yielding term accounts. Loans can be revolver, terms, installments, or BNPL type accounts. We can also do merchant acquiring at competitive interchange rates and create a closed-loop payment system saving you the merchant interchange completely.

There’s no area more important in BaaS and to our bank sponsors than to provide our clients with the compliance KYC, AML, and Anti-Fraud support they need to protect their business. Our team of experts have over 100 years of combined expertise to help you set up your policies and procedures. We also provide the on-going monitoring and support for your customers and transactions.

 At Neofie, we provide the BaaS (Backend as a Service) platform for your banking needs, like mobile apps, cards, and other customer and business services.