Visa Invests in BaaS Provider Bankable and Forms Strategic Partnership

Visa made an unspecified investment in Bankable, a Banking-as-a-Service provider, as part of a new strategic partnership announced in May 2019. Under the agreement, Visa members gain access to Bankable's platform, which enables the deployment of digital banking and real-time payment services. Bankable CEO Eric Mouilleron announced plans to open three new markets — North America, Latin America, and MENA — within 12 months of the partnership.

The deal reflects Visa's strategy of backing BaaS infrastructure providers to extend its network's reach into embedded finance use cases. For Bankable, the Visa partnership provides both capital and distribution through Visa's extensive member network. The financial terms of Visa's investment were not disclosed, but the backing from a global payments leader significantly bolsters Bankable's credibility and market expansion potential.