Hank Payments (TSXV:HANK), a leader in consumer fintech Software-as-a-Service that automates budgeting and cash management users, announced it has formed a strategic relationship with Fair. Fair is a digital platform focused on ethical and transparent online banking. Hank will provide Fair’s banking products to Hank customers, including a 4% Wealth Building Account, as part of the new partnership. Hank will be compensated with set-up fees for each new account opened, as well as ongoing revenue based on Fair’s AUM. Fair will help fund general marketing efforts in order to speed-up customer adoption.
Hank Payments and Fair Fintech Sign Strategic Partnership