Belgium based fintech services startup BankUP has announced plans to launch its product in Q4 of this year. BankUP will provide services such as lending, accounting and credit cards to consumers in Belgium, Germany, Spain and Poland
BankUp plans to launch in Q4 this year, co-founder Philip Lahey told Banking Technology at the recent Finovate conference in London. The start-up is currently looking for funding and bank partners. The countries on its radar are Belgium, Germany, Spain and Poland. Built “from the ground up”, BankUP promises a “purely digital experience” and an eight-minute onboarding using its “integrated online KYC and KYB process with absolutely no paperwork involved”. BankUP does not hold a banking licence and will partner with an established bank instead. It will also white-label other banks’ and fintech companies’ products and services via its platform. In addition, it offers its own development for banks and other entities to use on a white-label basis.