Prelim Announces New Funding to Power the Future of Digital Banking Technology and Automation
SAN FRANCISCO, March 17, 2022–(BUSINESS WIRE)–Preliminarya leading fintech provider of digital banking experiences optimized for financial institutions, announced new funding through a subsidiary of EJF Capital LLC (“EJF”), a global institutional alternative asset management firm. The transaction represents one of the first early-stage fintech investments by EJF and is intended to significantly support Prelim in the next stage of its growth journey.
The investment is in line with EJF’s focus on supporting early-stage fintech innovators striving to improve and scale technologies across a wide range of financial services, with a focus on digital asset infrastructure, payments and core banking technology. Prelim’s platform serves as a connector between the central systems of banks and credit unions and their various platforms, including mobile banking, digital account opening, commercial banking, cash management and even external technology companies. The fintech solution uses digital technology and automation to improve customer and employee user experiences from the start of their relationship with their financial institution throughout the journey, bringing new levels of accessibility, control and convenience.
“We believe the financial system is in the early stages of a technology revolution powered by API-based solutions such as Prelim,” said Jonathan Bresler, Managing Director of EJF Capital. “Prelim provides financial services companies with a technology platform to streamline operations that enables increased efficiency and improved customer satisfaction. We are very pleased to partner with Prelim and their dynamic team.”
“We are very happy to be selected for this financial support and recognition by EJF,” said Heang Chan, CEO and Founder of Prelim. “With this new funding, Prelim plans to invest in improving our industry-leading automation and expanding our team of talented experts, as well as expanding our ongoing reach to help more financial institutions improve the journey. of their customers. I am grateful to EJF and its team for this opportunity and we look forward to our continued partnership and growth.”
Prelim helps financial institutions digitize the customer journey, from onboarding to service, while improving the employee journey by streamlining and automating internal operations, from review and processing to underwriting and service. Designed by banking experts, Prelim’s no-code, white-label platform delivers a better customer experience by automating financial institution workflows and processes, from identity verification to issuing services from core and more. For more information, visit Prelim.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220317005022/en/