What is BMG Money?
Headquartered in Miami, FL, BMG Money has been providing employment-based lending solutions since 2011. The company targets public and private sector employees who are often overlooked by traditional financial institutions due to outdated credit assessment methods. Operating across 39 states and the District of Columbia, BMG Money is dedicated to enhancing customer financial wellness through a comprehensive approach that includes financial education, credit monitoring services, and emergency loans, thereby equipping individuals with the necessary tools for a secure financial future.
How much funding has BMG Money raised?
BMG Money has raised a total of $300.4M across 2 funding rounds:
Debt
$350K
Debt
$300M
Debt (2020): $350K with participation from PPP
Debt (2025): $300M led by Waterfall Asset Management and WebBank
Key Investors in BMG Money
Waterfall Asset Management
Founded in 2005, Waterfall Asset Management is an SEC-registered institutional asset manager focused on structured credit and private equity investments, based in New York City.
WebBank
WebBank is an industrial bank headquartered in Salt Lake City, Utah, operating under federal banking law since its organization in 1997.
What's next for BMG Money?
The substantial enterprise-level funding and recent strategic investment signal a pivotal growth phase for BMG Money. This capital infusion is expected to fuel the company's expansion efforts, potentially enabling it to broaden its operational reach, enhance its technological infrastructure for credit assessment, and deepen its financial education offerings. The company's focus on serving underserved employee segments positions it for continued success in the evolving landscape of financial services.
See full BMG Money company page
