BELLEVUE, Wash., March 7, 2022 /PRNewswire/ — FBH Corp. and its totally owned subsidiary Moonstone Financial institution™, a sturdy monetary platform to empower fast-growing modern and disruptive sectors, at this time introduced that it has raised $11.5 million in a non-public placement from an funding by Alameda Analysis Ventures.
FBH Corp and Moonstone Financial institution have dedicated to creating conventional monetary methods work for modern small to medium-sized enterprises (SMEs) who’re underserved by the normal monetary business. Moonstone Financial institution’s distinctive platform is designed to interrupt down the obstacles that restrict the expansion potential of trailblazing SMEs trying to enhance their footprint – by offering quick access to fashionable banking options, priceless companies and the means to take their companies additional.
“At Alameda Analysis, we’re dedicated to rising the business and supporting companies which can be creating actual change,” stated Ramnik Arora of Alameda Analysis Ventures. “Moonstone Financial institution presents options to deal with the challenges confronted by excessive potential, fast-growing small and medium-sized enterprises by giving them entry to a full suite of banking companies. The user-friendly, compliant, regulated and modern platform, makes Moonstone Financial institution a beautiful and priceless power in a dynamic ecosystem.”
Jean Chalopin, Chairman of FBH Corp, stated, “Alameda Analysis’s funding into FBH Corp and Moonstone Financial institution signifies the popularity, by one of many world’s most modern monetary leaders, of the worth of what we’re aiming to realize. This marks a brand new step into constructing the way forward for banking.”
FBH Corp additionally introduced at this time the appointment of Ronald Oliveira as Moonstone Financial institution’s Chief Govt Officer. Mr. Oliveira shall be main the digital transformation of the group right into a prime supplier of modern monetary companies to fast-growing industries corresponding to blockchain, cryptocurrencies and hashish.
Earlier than becoming a member of FBH Corp, Ron Oliveira was the US CEO for Revolut, a worldwide fintech headquartered within the UK. Ron engineered Revolut’s official public entry into the US with a very world, digital-first platform and established the group’s foothold in New York, Dallas, and San Francisco. As a seasoned banking skilled, Ron is a forward-thinking chief with over 25 years of expertise in constructing and shaping organizations from the within out. Previous to becoming a member of Revolut, Ron held positions because the President, Chief Credit score Officer and Chief Working Officer at a number of banks.
“Moonstone Financial institution is poised to be market innovator, creating enhanced financial alternative for thousands and thousands of distinctive and modern companies which can be being excluded or marginalized from the
conventional banking ecosystem,” stated Ron Oliveira, CEO of Moonstone Financial institution. “That is extremely thrilling! The probabilities forward for our financial institution are countless and I’m grateful for the chance to be a part of constructing the way forward for finance for the subsequent generations, together with these modern industries.”
About FBH Corp:
FBH Corp is a financial institution holding firm, and its Washington State-based Moonstone Financial institution is a completely chartered financial institution with roots within the state of Washington since 1887. Moonstone Financial institution supplies a sturdy monetary platform designed to empower the subsequent era of rising industries.
Moonstone Financial institution combines first-in-class regulatory, compliance and threat experience with a easy, but highly effective open-architecture platform constructed to supply priceless monetary services in a single ecosystem. We assist clients notice the complete potential of their distinctive companies.
To study extra, go to www.moonstonebank.com
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SOURCE Moonstone Financial institution