Midbank
“Can a digitally-focused SMB banking platform aggregate best-in-class third-party financial products — lending, payments, patient financing — into a single destination for small business owners?”
IndustryFintech / SMB banking
The story
Midbank appears to be a small business-focused financial services platform offering merchant services, business financing, patient financing, and payment gateway capabilities. The company partners with third-party lenders (Bluevine, Fundomate, SmartBiz) rather than originating loans itself, and adopted Temenos core banking to underpin its digital transformation. Evidence is limited, so the full arc of the company's evolution cannot be determined.
Last 12 months
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The stack
Lending
Accounting gap: none