“Can a Toronto-listed BaaS fintech build a scalable consumer and enterprise payment-modernization platform in North America by layering software on top of bank and processor partnerships rather than seeking its own charter?”
Hank Payments Corp (formerly Nobelium Tech Corp) pivoted from a shell/tech company into a consumer and enterprise BaaS platform focused on modernizing payments and cash management. The company built its embedded finance stack around a partnership with FinWise Bank for payments rails (ACH, wire, check, bill pay via Mastercard) and deposit-account issuance. By 2025 the consumer product was rebranded FUTR Payments, with virtual prepaid accounts issued through FinWise Bank's Cottonwood Payments division and fund disbursement facilitated by Ingo Payments — positioning Hank as a BaaS layer on top of bank-and-processor relationships rather than a chartered institution itself.
Hank Payments discloses FinWise Bank (via Cottonwood Payments division) as its banking provider, with FinWise Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Hank Payments does not disclose a bank charter of its own; its banking services are provided through FinWise Bank.
Hank Payments moves money over ACH.
The Embedded Finance Index 2026 maps 4 layers in Hank Payments's stack: Money movement (ACH); Banking / BaaS (FinWise Bank (via Cottonwood Payments division)); Lending (Consumer lending / credit solutions (via FinWise Bank partnership)); Sponsor bank (FinWise Bank).
Hank Payments is headquartered in Toronto, Ontario, Canada.
Get a read on where your own stack stands against Hank Payments and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.