BM Technologies (BMTX) Wins Gold for "EdTech Company of the Year" in 2024 STEVIE(R) Awards

Recognized for Outstanding Achievements in Advancing Technology Solutions within the EdTech Sector, with a Focus on Enhancing the Higher Education Landscape for Both Schools and Students

RADNOR, PA / ACCESSWIRE / August 13, 2024 / BM Technologies, Inc. (NYSE American:BMTX) has been named the 2024 "EdTech Company of the Year" Gold Stevie Award winner. This accolade was awarded in the Educational Technology Company of the Year category of the first annual Stevie Awards for Technology Excellence, "the Olympics for technology."

The Stevie Awards for Technology Excellence celebrate the remarkable accomplishments of individuals, teams, and organizations shaping the future of technology across all industry sectors. More than 600 nominations from organizations of all sizes in 21 nations and territories were submitted this year in a wide range of tech-related categories. Over 100 professionals worldwide participated in the judging process to select this year's honorees.

"We are thrilled to receive this prestigious award and to be recognized as company of the year for innovations in the EdTech industry," said Jamie Donahue, President, and CTO of BM Technologies. "Our technology platform's ability to deliver scalable and cost-effective solutions underscores our commitment to supporting the evolving needs of colleges, universities, and our customers for life."

BMTX earned recognition for its impressive work in providing banking services in the higher education sector and its commitment to addressing emerging challenges in EdTech. BMTX has been providing white-labeled banking services in higher education for nearly 25 years. It offers industry-leading refund management services through BankMobile Disbursements, a technology solution that helps over 700 colleges and universities across the U.S. deliver financial aid credit balances to students securely, efficiently, and in compliance with federal regulations. One out of three students in the U.S. receive refunds through BankMobile Disbursements. The mission of BankMobile Disbursements is to help foster the success of higher education institutions and the students they serve.

BankMobile Disbursements introduces students to BMTX and offers a choice to open a competitively positioned BankMobile Vibe Checking Account. The BankMobile Vibe Checking Account is a digital-only, FDIC-insured, interest-bearing account with protection by the Department of Education. After signing up and getting their refund the same business day,¹ they can continue using their account for life. It offers an optional savings account, cash back Offers, and the ability to get paid up to two days early.

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