Partnership Brings Innovative Digital Banking Solutions to the Fingertips of Parents & Children

WILMINGTON, N.C., Feb. 21, 2018 (GLOBE NEWSWIRE) -- Canapi Inc. announced today it is investing in fintech company Greenlight Financial Technology, Inc., creator of the smart debit card for kids, teens, and college students, to transform the way families are banking.

Canapi participated in a round of Series A financing to support Greenlight’s mission to help parents raise financially smart kids. 

“Our focus is to partner with cutting edge companies that are truly revolutionizing the way people interact with the financial services industry,” said Neil Underwood, Canapi managing director.  “Greenlight is doing just that by giving parents a great product, while supporting Live Oak’s digital deposits strategy.”

The investment will help fuel Greenlight’s growth and fulfill its mission of delivering safe, simple and family-friendly financial products worldwide. Additionally, the company plans to invest in new talent to keep pace with consumer demand and continue introducing innovative financial solutions.

“With a focus on open API technology and a proven track record of transforming how financial services are delivered to the market, Canapi is the right partner to bring Greenlight to millions of additional families and help parents prepare their children for financially successful futures,” said Tim Sheehan, CEO and Co-Founder of Greenlight.

To learn more about Canapi and how it is transforming financial services, visit www.canapi.com.  To learn more about Greenlight, visit www.greenlightcard.com.

About Canapi Inc.
Canapi Inc., a wholly owned subsidiary of Live Oak Banchares (NASDAQ:LOB), is a fintech-focused company that aims to bring innovation, efficiency and excellence to the forefront of the banking industry. By investing in companies that accelerate the delivery of open digital banking solutions to the market, Canapi intends to change the landscape of financial services.

Contact:
Micah Davis, Marketing Director
Media Relations
910.550.2255
micah.davis@liveoakbank.com  

Claire Parker, Senior Public Relations Manager 
910.597.1592
claire.parker@liveoakbank.com