Radius Bank Partners with MassChallenge FinTech

Virtual Bank Pledges Support to High-impact Startups to Drive Innovation in Financial Services

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Radius Bank, an industry-leading virtual bank, today announced its partnership with MassChallenge FinTech, a program matching enterprise-ready fintech startups with industry leaders to bring to market emerging products and services with the power to transform the financial services ecosystem. This partnership furthers the Bank’s commitment to support the fintech community.

“We are honored to support MassChallenge FinTech,” said Huma Usmani, Vice President of Emerging Technologies & Consumer Partnerships at Radius Bank. “Radius has a history of strategic partnerships with forward-thinking early and late stage fintechs – whether it be to improve our own technology stack or as sales channels to grow deposits bringing a banking product to market in collaboration. This investment, into a community headquartered in our backyard in Boston, allows us to support and actively participate in the continued evolution of products and services for the financial services industry.”

In just the last year, Radius has worked with five fintech partners to improve user experience for consumers and small businesses, and to develop new sales and deposit channels. The Bank has made a conscience choice to partner with fintechs to facilitate improvements and additions to their product offerings, quickly and efficiently, to the benefit of their customers.

Twenty-one startups are part of MassChallenge’s FinTech 2019 inaugural cohort. They represent trailblazing technologies that will advance financial services, from AI-powered onboarding platforms to modern giving solutions. The organization drives outcome-driven partnerships between startups and enterprises that tackle some of the industry’s biggest pain points and opportunities.

“MassChallenge FinTech is incredibly excited to partner with our Seaport neighbor Radius Bank for 2019,” said Devon Sherman, Program Director of MassChallenge FinTech. “Radius Bank shares our commitment to innovation in financial services, and together, we can better support the groundbreaking fintech startups working to solve massive challenges in our industry.”

To learn more about partnership opportunities at Radius Bank, visit radiusbank.com/company/partnerships.

About Radius Bank 
With assets of approximately $1.2 billion, Radius Bank is a forward-thinking community bank offering a full complement of leading-edge personal and business products and services. The Bank serves consumers, small and middle market businesses, unions, government entities and non-profit organizations as its core clients. The Bank’s award-winning virtual banking platform allows clients to bank from anywhere with a computer or mobile device. Convenient features like check deposit, bill pay, person-to-person (P2P) payments and card management are all available to personal clients, with advanced treasury management and loan payments solutions available for business clients. Radius Bank is a member of the Federal Deposit Insurance Corporation and is an Equal Housing/Equal Opportunity Lender. For further information, visit the Bank’s website at radiusbank.com, or follow the Bank on Twitter, LinkedIn, Facebook, and Instagram.

About MassChallenge 
MassChallenge is a global network of zero-equity startup accelerators. Headquartered in the United States with locations in Boston, Israel, Mexico, Rhode Island, Switzerland, and Texas, MassChallenge is committed to strengthening the global innovation ecosystem by supporting high-potential startups across all industries, from anywhere in the world. To date, more than 1,900 MassChallenge alumni have raised more than $4 billion in funding, generated more than $2.5 billion in revenue, and created more than 120,000 total jobs. Learn more about MassChallenge at masschallenge.org.