Former Grameen America CEO and NetSpend Director joins Banking Up as CEO

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Banking Up announced today the appointment of Stephen A. Vogel as its new Chief Executive Officer.

Mr. Vogel joined Grameen America as its CEO in 2008. At the time Grameen was a startup nonprofit microfinance institution founded by Mohammad Yunus, the 2006 Nobel peace prize recipient. From 2008 until 2014, Mr. Vogel led the growth of this organization from a few hundred borrowers at one location into an organization with over 35,000 micro-borrowers served from 18 locations, making it the fastest growing and largest nonprofit micro lender in the United States. His vision and his passion for providing access to the underbanked and underserved. communities will help grow Banking Up into the leading provider of branchless and paperless banking services. Mr. Vogel also served on the Board of Directors of Netspend from 2011 until its acquisition by Total Systems in 2013. Prior to his leadership roles in the financial services industry, Mr. Vogel co-founded Synergy Gas, an energy distribution business that he grew into a national company with over 300 locations, 2,700 employees and more than 250,000 customers in 41 states.

Patrice Peyret, a co-founder of Banking Up said, "We are thrilled that Stephen, has agreed to lead Banking Up. His deep knowledge of the financial services and technology industry, and his proven ability to scale businesses are a perfect fit for our growth objectives.”

“Stephen’s experience with financial services, team building, strategic vision and implementation, will help create significant value for the company,” said Arjan Schütte, founder and managing partner at Core Innovation Capital, an institutional investor in Banking Up.

A graduate of Syracuse University School of Management, Mr. Vogel has been involved in private equity investments in industrial and service businesses since 1995. He also has served on the board of trustees of the Montefiore Medical Center, the board of directors of Lighthouse International, and Horace Mann School and is active in other charitable organizations.

About Banking Up:
Banking Up is a leading online and mobile financial services company, providing businesses and consumers with smart, technology-forward personal finance products. The Banking Up platform enables businesses and banks to offer full-featured checking account services based easy-to-deploy, low-cost prepaid card accounts for customers of any age and income.Banking Up has won multiple awards for serving underbanked consumers. Banking Up is privately held with headquarters in New York City. Visit us at

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