Sioux Falls-based Central Payments announces six partner launches
SIOUX FALLS, S.D. – Central Payments, a prepaid card issuer, has announced the market launch of financial technology products for six partners leveraging its award-winning Open*CP Fintech API Marketplace. Companies coming to market include Kinly (formally First Boulevard), Wellthi, Soon, DraftFuel, Fourth and Tapcheck. “We developed OpenCP because technology, charter, and choice together are unique and compelling characteristics for banking-as-a-service,” Trent Sorbe, president and founder of Central Payments, said in a prepared statement. “I cannot think of a better way to build off our momentum from 2021 than to add these six companies to the OpenCP partner portfolio.” Kinly, Wellthi, Soon and DraftFuel are the first to reach market after completing Falls Fintech, the accelerator program created by Central Payments to bridge the fintech-bank partnership gap. As part of their Falls Fintech experience, all four companies integrated with Open*CP to accelerate their speed to market. Kinly is a digitally native fintech committed to improving the financial livelihood of Black America with a new full-scale digital banking app and debit card, issued by Central Payments’ parent Central Bank of Kansas City (CBKC). ADVERTISEMENT Wellthi is a B2B2C embedded social finance software that connects banks and credit unions of all sizes to help financial institutions make saving, spending, and fundraising as a group safe, simple, and transparent for customers. Soon is an automated wealth management platform that helps people from all financial backgrounds and investing experience to grow their wealth, as they spend with a Soon Visa Debit Card. DraftFuel is a gaming app that allows users to enjoy responsible gaming by automating the collection of discretionary funds to allocate to one’s sportsbook, online casino, and daily fantasy sports accounts without breaking the bank.