Agora Services, provider of API-powered, white-label digital banking solutions that can be integrated into the core banking system of the banks announced that the company has secured $2Million in funding and has selected Atlanta as the location for the company’s new headquarters.
Agora Services, with its digital banking platform, claims to provide financial institutions with the flexibility they require without the need for core conversion or overhauling their current technology systems. It enables banking service providers with the capability to offer digital banking solutions that fit the customers’ unique needs with offerings like teen/parent banking, solutions for gig economy workers or elderly-care financial accounts and more.
“In order for financial institutions to remain competitive, they must have the latest and most robust digital offerings. Banks have to move beyond a website, a standard App or mobile check deposit. They must compete with the latest FinTech technology, including fully integrated digital onboarding, instant account opening, instant virtual card, advanced card controls, shared accounts, budgeting, money pool and more,” said Arcady Lapiro, founder and CEO of Agora Services.
He further stated, “We selected Atlanta because the region provides us the best combination of access to business development and talent while also being a part of the growing FinTech community.”