News
The ultimate financial app to improve student life is now live, powered by Mbanq
NAPLES, Florida, July 29, 2024–(BUSINESS THREAD)–Mbanq, a global leader in Banking-as-a-Service (BaaS), announces the launch of Estu, a financial and lifestyle mobile app for students in the U.S., powered by Mbanq’s digital finance technology and compliance solutions. The Estu app is now live. It offers students a seamless way to manage their finances with an account and debit card, as well as solutions to manage academic responsibilities and social commitments.
The Estu app, now available for download on the App Store and Google Play, was created specifically for students. It features a suite of tools to simplify financial management and make the most of the student experience. With an Estu account and debit card, students can manage their finances efficiently. It adds a calendar of exclusive student events and the ability to connect with local and global student communities to enrich their social lives.
Main features of the Study:
Students can manage their finances with the Estu debit card and benefit from secure financial transactions through Mbanq’s integrated payment system. This includes current accounts, P2P transfers, ACH, wire, national and international transfers and contactless payments.
Estu connects students with exclusive mainstream and underground brands, offering beautiful experiences, products and discounts to enhance student life. Estu’s exclusive partnerships offer users special deals on purchases such as concert tickets, tech gadgets, food and drinks, books and more.
Additionally, students can easily stay on top of their academic and social schedules. The app’s calendar feature helps students stay organized by syncing their schedules with their phone calendars, receive alerts for classes and assignments, and plan their academic responsibilities more effectively.
Estu is currently open to new partnerships with brands to bring their products and services to improve student life in the 2024-25 academic year.
Estu is built on Mbanq’s BaaS platform, which combines cutting-edge technology with meticulous regulatory compliance. Vlad Lounegov, CEO of Mbanq, says: “Estu’s unique value proposition of meaningful connections, events and financial tools positions Estu as a pioneering platform in the neobanking space for students.
“With Mbanq’s resilient support, FinTech platforms like Estu can quickly launch innovative financial products while ensuring regulatory compliance. Our comprehensive ‘as-a-service’ portfolio, including compliance, lending, back office and dispute resolution, makes it easy for FinTechs to launch and succeed.”
The story continues
Raul Wald, Founder and Chief Visionary Officer of Estu, adds: “Mbanq’s open banking APIs, technology and compliance solutions have enabled us to create a modern digital experience for students.
“Estu provides a more enjoyable experience for students by simplifying the process of organizing and managing their everyday lives. By simplifying the time-consuming tasks of managing personal finances, Estu allows students to focus on their personal and academic growth.”
Mbanq is a leading FinTech provider with a global presence. Known for its meticulous regulatory compliance, modern technology, and industry-specific solutions, Mbanq empowers traditional banks, neobanks, credit unions, and FinTech platforms to build and operate digital finance at any scale. Mbanq’s white-label mobile apps and open banking APIs ensure a modern digital experience while maintaining compliance and innovation. www.mbanq.com
Headquartered in Boston, USA, Estu is a student life FinTech that integrates all aspects of student life into one service. The company’s mission is to make student life more affordable through personalized financial services, exclusive brand experiences, and seamless academic integration. Estu is not a bank. Estu is a financial technology company. Banking services are provided by Mbanq’s banking partner, Evolve Bank & Trust, member FDIC. www.estulife.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20240729163415/en/
Contacts
Emma Nguyen
emma.nguyen@mbanq.com