{"id":496182,"date":"2021-05-20T06:33:23","date_gmt":"2021-05-20T10:33:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\/"},"modified":"2021-05-20T06:33:23","modified_gmt":"2021-05-20T10:33:23","slug":"aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\/","title":{"rendered":"Aeldra and Blue Ridge Bank Launch Neobank to Expand U.S. Financial Access to BRICS-Plus Countries"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Aeldra and Blue Ridge Bank Launch Neobank to Expand U.S. Financial Access to BRICS-Plus Countries<\/b><\/p>\n<p class=\"bwalignc\"><i>New partnership focused on banking and financial services needs in the U.S.<\/i><\/p>\n<p>PALO ALTO, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBlue Ridge Bank, the national bank subsidiary of Blue Ridge Bankshares, Inc. (NYSE American: BRBS), announced today a partnership with Aeldra Financial, Inc., a Silicon Valley-based financial technology company, to launch a mobile neobank called <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.aeldra.com%2F&amp;esheet=52432677&amp;newsitemid=20210520005180&amp;lan=en-US&amp;anchor=Aeldra&amp;index=1&amp;md5=1f74aa224513c05b833204ccf6168a55\">Aeldra<\/a>. The neobank bank will target customers in BRICS-Plus countries (Brazil, Russia, India, China, South Africa, and others) who have cross-border banking needs in the United States. Aeldra is a financial services company and banking services are provided by Blue Ridge Bank, N.A., member FDIC.\n<\/p>\n<p>\n\u201cAeldra meets a significant need in today\u2019s banking environment,\u201d said Brian K. Plum, President and Chief Executive Officer of Blue Ridge Bank. \u201cWe are proud to partner with Sukeert and his team as we work together to provide unprecedented financial access to an underserved segment in the BRICS-Plus countries.\u201d\n<\/p>\n<p>\nAeldra offers interest-bearing accounts with debit cards and mortgage loans, all of which are backed by Blue Ridge Bank\u2019s traditional financial infrastructure. Aeldra plans on offering a line of credit products, such as credit cards, in the near future.\n<\/p>\n<p>\n&#8220;The U.S. continues to attract the best and brightest from across the world,\u201d said Sukeert Shanker, Founder and CEO of Aeldra. \u201cThey deserve seamless access to U.S. financial services. However, the simple act of opening a bank account without an SSN is challenging, as is getting approved for a credit card or loan. Our special partnership with Blue Ridge Bank aims to close the accessibility gap. Brian and Brett are among the most forward-thinking leaders in banking and we are delighted to partner with them.\u201d\n<\/p>\n<p>\n&#8220;Sukeert previously built two leading digital banks and we\u2019re excited to help him try to three-peat with Aeldra,\u201d said Brett Taxin, Executive Vice President at Blue Ridge Bank. \u201dAeldra is at the forefront of accelerating demand for mobile first, global banking services. We look forward to working with them to serve a historically underserved community with their specialized financial needs.\u201d\n<\/p>\n<p><b>About Aeldra<br \/>\n<br \/><\/b>Aeldra (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.aeldra.com&amp;esheet=52432677&amp;newsitemid=20210520005180&amp;lan=en-US&amp;anchor=www.aeldra.com&amp;index=2&amp;md5=5a75679e9076a265c0dc6d0bcd65106f\">www.aeldra.com<\/a>) is a Palo Alto-based fintech that offers borderless banking to global affluent customers. Aeldra\u2019s founder has launched similar banking products previously, including Goldman Sachs&#8217; consumer bank, Marcus.\n<\/p>\n<p><b>About Blue Ridge Bank<br \/>\n<br \/><\/b>Blue Ridge Bank is the wholly owned banking subsidiary of Blue Ridge Bankshares, Inc. Through its subsidiaries and affiliates, Blue Ridge Bank provides a wide range of financial services including retail and commercial banking, payroll, insurance, card payments, wholesale and retail mortgage lending, and government-guaranteed lending. The bank provides commercial banking services to customers located throughout Virginia and North Carolina. Visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.mybrb.com%2F&amp;esheet=52432677&amp;newsitemid=20210520005180&amp;lan=en-US&amp;anchor=mybrb.com&amp;index=3&amp;md5=2edd3f510b64159d34ba050b2b00811b\">mybrb.com<\/a> to learn more.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210520005180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210520005180\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210520005180\/en\/<\/a><\/span><\/p>\n<p><b>Aeldra Media Contact:<br \/>\n<\/b><br \/>Mudita Chaturvedi<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:mudita@aeldra.com\">mudita@aeldra.com<br \/>\n<\/a><\/p>\n<p><b>Blue Ridge Bank Media Contact:<br \/>\n<\/b><br \/>Jon Amar<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jon@onwordstrategic.com\">jon@onwordstrategic.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210520005180\/en\/879799\/3\/Blue_Ridge_Bank_Logo_Horz_4c_%281%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Aeldra and Blue Ridge Bank Launch Neobank to Expand U.S. Financial Access to BRICS-Plus Countries New partnership focused on banking and financial services needs in the U.S. PALO ALTO, Calif.&#8211;(BUSINESS WIRE)&#8211; Blue Ridge Bank, the national bank subsidiary of Blue Ridge Bankshares, Inc. (NYSE American: BRBS), announced today a partnership with Aeldra Financial, Inc., a Silicon Valley-based financial technology company, to launch a mobile neobank called Aeldra. The neobank bank will target customers in BRICS-Plus countries (Brazil, Russia, India, China, South Africa, and others) who have cross-border banking needs in the United States. Aeldra is a financial services company and banking services are provided by Blue Ridge Bank, N.A., member FDIC. \u201cAeldra meets a significant need in today\u2019s banking environment,\u201d &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Aeldra and Blue Ridge Bank Launch Neobank to Expand U.S. Financial Access to BRICS-Plus Countries&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-496182","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Aeldra and Blue Ridge Bank Launch Neobank to Expand U.S. Financial Access to BRICS-Plus Countries - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aeldra and Blue Ridge Bank Launch Neobank to Expand U.S. Financial Access to BRICS-Plus Countries - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Aeldra and Blue Ridge Bank Launch Neobank to Expand U.S. Financial Access to BRICS-Plus Countries New partnership focused on banking and financial services needs in the U.S. PALO ALTO, Calif.&#8211;(BUSINESS WIRE)&#8211; Blue Ridge Bank, the national bank subsidiary of Blue Ridge Bankshares, Inc. (NYSE American: BRBS), announced today a partnership with Aeldra Financial, Inc., a Silicon Valley-based financial technology company, to launch a mobile neobank called Aeldra. The neobank bank will target customers in BRICS-Plus countries (Brazil, Russia, India, China, South Africa, and others) who have cross-border banking needs in the United States. Aeldra is a financial services company and banking services are provided by Blue Ridge Bank, N.A., member FDIC. \u201cAeldra meets a significant need in today\u2019s banking environment,\u201d &hellip; Continue reading &quot;Aeldra and Blue Ridge Bank Launch Neobank to Expand U.S. Financial Access to BRICS-Plus Countries&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-20T10:33:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210520005180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Aeldra and Blue Ridge Bank Launch Neobank to Expand U.S. Financial Access to BRICS-Plus Countries\",\"datePublished\":\"2021-05-20T10:33:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\\\/\"},\"wordCount\":520,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210520005180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\\\/\",\"name\":\"Aeldra and Blue Ridge Bank Launch Neobank to Expand U.S. Financial Access to BRICS-Plus Countries - 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(NYSE American: BRBS), announced today a partnership with Aeldra Financial, Inc., a Silicon Valley-based financial technology company, to launch a mobile neobank called Aeldra. The neobank bank will target customers in BRICS-Plus countries (Brazil, Russia, India, China, South Africa, and others) who have cross-border banking needs in the United States. Aeldra is a financial services company and banking services are provided by Blue Ridge Bank, N.A., member FDIC. \u201cAeldra meets a significant need in today\u2019s banking environment,\u201d &hellip; Continue reading \"Aeldra and Blue Ridge Bank Launch Neobank to Expand U.S. Financial Access to BRICS-Plus Countries\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-20T10:33:23+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210520005180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Aeldra and Blue Ridge Bank Launch Neobank to Expand U.S. Financial Access to BRICS-Plus Countries","datePublished":"2021-05-20T10:33:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\/"},"wordCount":520,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210520005180r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/aeldra-and-blue-ridge-bank-launch-neobank-to-expand-u-s-financial-access-to-brics-plus-countries\/","name":"Aeldra and Blue Ridge Bank Launch Neobank to Expand U.S. Financial Access to BRICS-Plus Countries - 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