Baanx invests in major U.S. fintech bank

Maxwell State Bank was acquired by the FinTech entrepreneur Ronald Ingram, who’s founded multiple FinTech companies

B2B2C platform Baanx is now the third-largest shareholder in Maxwell State Bank, which is regulated by the U.S., after a multimillion-dollar deal to bolster cybersecurity as well as banking access in the country, a press release says.

We are very excited to have taken a stake in Maxwell and be working with Ronald Ingram, who has a strong track record of delivering high performing secure FinTech services, having been responsible for $100s of billions of FinTech transactions in recent years, Garth Howat, CEO of Baanx, said.

Maxwell State Bank was acquired by the FinTech entrepreneur Ronald Ingram, who’s founded multiple FinTech companies, and Ingram has been quoted as having “ambitious” plans for the bank. He wants to expand services and work with FinTech leaders in cybersecurity, cryptocurrency, tokenization and private and public key infrastructure companies.

Baanx, the release says, is doing work in fields like secure transaction payment systems, secured lending and banking services, offering Visa and Mastercard services and secure lending.

Garth Howat, CEO of Baanx said today: We are very excited to have taken a stake in Maxwell and working with Ronald Ingram, who has a strong track record of delivering high performing secure fintech services, having been responsible for $100s of billions of fintech transactions in recent years.

We expect Baanx will expand upon Maxwell’s commitment to futurise banking, Ingram, chairman of Maxwell, said. Baanx is a money centre FinTech, in the historical banking centre of the world, London, with specializations across cryptography, lending, cybersecurity and public/private key infrastructure. We look forward to strategic partnership opportunities such as state-of-the-art cyber security, access to digital safe-keeping of assets and general privacy that we expect to evolve out of this strategic investment.