EXHIBIT 99.2

Q4 2020 Investor Presentation March 2021 A Banking - as - a - Service pioneer, enabling non - banks to build financial services for their customers

| 2 Disclaimer BM Technologies is not a bank and it does not provide banking services. The BankMobile platform facilitates deposits and banking services between a customer and an FDIC insured partner bank. Any reference in this presentation to “banking” or “banking services” is in reference to the BankMobile technology providing services between customers and a partner bank. The BankMobile brand and trademark is only used in reference to services being provided between a customer and an FDIC insured partner bank. This presentation is for informational purposes only and should not be relied on for any other purpose. No representations or warranties, express or implied are given in, or with respect to, this Presentation. Industry and market data used in this Presentation have been obtained from third - party industry sources as well as from research reports prepared for other purposes. The Company has not independently verified the data obtained from these sources and cannot assure you of the data’s accuracy and completeness. This data is subject to change. This Presentation and the contents hereof are confidential. No Offer or Solicitation This Presentation is for informational purposes only and is neither an offer to sell or purchase, nor a solicitation of an offer to sell, buy or subscribe for any securities, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended (the “Securities Act”), or an exemption therefrom. Forward - Looking Statements This Presentation includes “forward - looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. This information is, where applicable, based on estimates, assumptions and analysis that management believes, as of the date hereof, provide a reasonable basis for the information contained herein. Forward - looking statements can generally be identified by the use of forward - looking words such as “may,” “will,” “would,” “could,” “expect,” “intend,” “plan,” “aim,” “estimate,” “target,” “anticipate,” “believe,” “continue,” “objectives,” “outlook,” “guidance” or other similar words, and include statements regarding plans, strategies, objectives, targets, estimates, projections, and expected financial performance. These forward - looking statements involve known and unknown risks, uncertainties and other factors. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward - looking statements and the assumptions on which those projections and forward - looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward - looking statements as a predictor of future performance as projected financial information, cost savings, synergies and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors. There can be no assurance that the estimates and assumptions made in preparing the financial projections and forecasts will prove accurate, that the projected results will be realized or that actual results will not be significantly higher or lower than projected. The Company's financial performance and results of operations will be subject to a variety of risks, including but not limited to general economic conditions, consumer adoption, technology and competition, the ability to enter into new partnerships, regulatory risks, risks associated with the higher education industry and financing, and the operations and performance of its partners, including white - label partners. These risks and uncertainties include, but are not limited to, those factors described in the section entitled “Risk Factors” and in the Company’s periodic filings with the SEC. The Company’s SEC filings are available publicly on the SEC website at www.sec.gov . All information herein speaks only as of the date hereof unless otherwise specified . Management undertakes no duty to update, add to or otherwise revise or correct any of the information contained herein, whether as a result of new information supplied, future events, inaccuracies that become apparent after the date hereof or otherwise . Forecasts and estimates regarding industry and end markets are based on sources believed to be reliable, however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part . Use of Projections This Presentation contains financial forecasts with respect to, among other things, income sources, revenue growth, and equity values. These unaudited financial projections should not be relied upon as being necessarily indicative of future results. The inclusion of the unaudited financial projections in this Presentation is not an admission or representation that such information is material. The assumptions and estimates underlying the unaudited financial projections are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the unaudited financial projections. There can be no assurance that the prospective results are indicative of future performance or that actual results will not differ materially from those presented in the unaudited financial projections. Inclusion of the unaudited financial projections in this Presentation should not be regarded as a representation by any person that the results contained in the unaudited financial projections will be achieved. Non - GAAP Financial Measures This Presentation includes certain non - GAAP financial measures that management reviews to evaluate its business, measure its performance and make strategic decisions. Management believes that such non - GAAP financial measures provide useful information to investors and others in understanding and evaluating its operating results in the same manner as management. EBITDA is a non - GAAP financial measure that represents net income prior to interest expense, net, other expense, net, income taxes, and depreciation and amortization, as adjusted to add back certain non - cash and non - recurring charge. EBITDA and any other ratio or metrics derived therefrom are financial measures not calculated in accordance with GAAP and should not be considered as substitutes for revenue, net income, operating profit, or any other operating performance measure calculated in accordance with GAAP. Using these non - GAAP financial measures to analyze the business would have material limitations because their calculations are based on the subjective determination of management regarding the nature and classification of events and circumstances that investors may find significant. In addition, although other companies in its industry may report measures titled EBITDA or similar measures, such non - GAAP financial measures may be calculated differently from how management calculates its non - GAAP financial measures, which reduces their overall usefulness as comparative measures. Because of these limitations, you should consider EBITDA alongside other financial performance measures, including net income and other financial results presented in accordance with GAAP.

Table of Contents I. Introduction II. BM Technologies Overview III. Financial Information IV. Appendix

| 4 Luvleen Sidhu CEO and Co - Founder Bob Ramsey C h i ef F i nan c i al O ff i c er Industry Experience 20+ Years I ndustr y Ex perience 9+ Years FinT ec h W o m an of the Year (1) • Luvleen Sidhu is the Chief Executive Officer and Co - Founder of BM Technologies, Inc . • After graduating from Harvard and Wharton she was a management consultant at Booz & Co . in their financial services practice • Sidhu is a recognized leader in the industry and was named one of Crain’s New York Business 2020 40 Under 40 and a “Rising Star in Banking & Finance” in 2020 • Before attending business school at Wharton, she was analyst at Neuberger Berman and also worked as a director of corporate development at Customers Bank. While at the company, Sidhu introduced several growth projects, including partnering with a New York City - based start - up to improve the banking experience through innovative technology • Sidhu has been featured regularly in the media including on CNBC, Bloomberg Radio, Yahoo Finance, Fox News Radio and in The Wall Street Journal, Forbes.com, American Banker, Crain’s New York, FoxNews.com, among others • As BM Technologies' Chief Financial Officer, Bob Ramsey oversees the bank’s financial operations, including planning, risk, and reporting • Prior to joining BM Technologies, Ramsey served as senior equity research analyst at FBR Capital Markets, where he covered community banks, regional banks, super - regional banks, consumer finance and fintech companies during his 13 - year tenure • Ramsey is a Chartered Financial Analyst (CFA). He holds a Bachelor of Arts degree in Managerial economics from Hampden - Sydney College and a Master of Business Administration degree from the College of William and Mary 1) 2019 LendIt Fintech Industry Awards Managem ent Presenting

| 5 Other Key Developments Higher Ed Q4 Financial Overview Continued focus on Operating Leverage Strong Growth • Q4 pro forma core revenue of $17.3mm; 16% YoY growth • 2020 pro forma core revenue of $66.9mm, 9% YOY growth • Q4 pro forma core EBITDA of $1.3mm • 2020 pro forma core EBITDA of $3.5mm • Pro forma core EBITDA margin expanded to 5% in 2020 and 8% in 4Q20 • Strong growth at consolidated BMTX • Nearly 450,000 new accounts opened in 2020 • 2020 average serviced deposits increased 139% YoY • 2020 card spend increased 18% YoY • Strong growth in new businesses (White Label & Workplace) with rapidly improving account metrics • 167K new business new accounts opened in 2020 • 2020 new business average serviced deposits increased 579% YoY • 2020 new business card spend increased 247% YoY Business Adapts • to COVID • 99.4% retention of disbursement services by campuses in 2020 • NACUBO reports that more than half of higher ed institutions are offering remote options for some or all classes, impacting the number of students on campus (1) Disbursement dollars are highly persistent as 2020 disbursements were up 13% YOY; YTD organic deposits grew 33% and average 2020 serviced Higher Ed deposits are up 5% YoY • Corporate restructuring, implementation of automation projects, and vendor negotiations led to approximately $1.7mm of Q4 cost savings and annualized $7mm of savings in 2021 • Realization of $10mm annualized expense savings in 2020 resulting from vendor negotiations and contract restructurings in 2019 • Signed contract with Higher Education partner to expand SSE opportunity • Signed LOI with potential bank partner • Significant due diligence work as part of final stage evaluation by potential White Label partner • Strategic new hires including Head of Business Development and Marketing • Continued tailwinds from federal stimulus – the latest legislation includes $40 billion for higher education and students 1) NACUBO Flash Poll: Fall 2020 Institutional Plans; NACUBO is National Association of College and University Business Officers Q4 & 2020 Update

| 6 Where Does BM Technologies Stand Today? Delivering Full - Featured Digital Banking Platform to Large Scale Non - Bank Partners …Award Winning Banking Technology, Focused on Banking Services for Millennials & Middle Income Americans… x Customer - centric approach x Provides an affordable, easy - to - use product x Simplifies banking for the consumer x Creates customers for life with full suite of banking products, including checking, savings, personal loans, credit cards and student refinancing x Creates attractive returns x Proprietary Banking - as - a - Service (“BaaS”) technology x Allows for greater speed and cost effectiveness in bank roll out for partners x High - volume, low - cost customer acquisition model x Serves ~1 in 3 U.S. students on approximately 725 campuses (4) x Launched partnership with T - Mobile via the T - Mobile MONEY checking account x Planned 2021 launch of digital bank account with Google Pay x Over 2M accounts (1) x Nearly 450,000 accounts opened annually (2) x ~$960M in serviced deposits as of 12/31/20 x $67M in 2020 revenue x $3.5M 2020 pro forma core EBITDA (3) O n e of America’s L a rg e s t Digi t al Banking Platforms… Expert in B2B2C Banking… 1) Data as of 12/31/2020 2) Per BM Technologies management 3) EBITDA is a Non - GAAP financial measure; see page 42 and 43 for reconciliations to Non - GAAP financial measures and disclaimers on forward looking financials 4) Based on market share for Signed Student Enrollments (“SSEs”) (the number of students enrolled at higher - ed institutions); Assumes ~3M SSEs are considered non - addressable (beauty schools, trucking schools, etc.); Data per BM Technologies’ internal sales database and estimated student market size and National Center for Education Statistics “Enrollment and Employees in Postsecondary Institutions, Fall 2015; Financial Statistics Academic Libraries, Fiscal Year 2015”, February 2017

| 7 Consumers Are Recalibrating Their Banking Needs New Digital Options, Remote Necessities and Poor Customer Experiences Are Driving Change 1) Accenture Consumer Retail Banking Survey Summary, July 2017 2) PWC Consumer Banking Survey, 2019 3) Forbes, “Consumers Shelled Out $1B in Monthly Bank Maintenance Fees”, 2019 1 in 2 consumers switch their primary banks due to discounts and promotions on fees (1) 1 in 3 consumers switch primary banks for a better interest rate on their deposits (2) 5 0% of consumers likely will not open their next account with the bank they currently use (2) 63% of consumers are using mobile channels more frequently (2) 59% of employees claim financial or money challenges as the #1 cause of stress in their lives (4) 10% of income spent on fees charged by payday lenders and other financial service providers (5) Consumers are Looking for an Affordable Banking Alternative (3)(5) x 1 in 3 Americans live paycheck to paycheck x Americans pay $34B a year in overdraft fees x The average overdraft fee is $33.36 x Big banks require at least $1,500 in a basic checking account to waive their monthly maintenance fee, which averages $10.99 x Women pay 18% more in overdraft fees than men (five per year) due to lower - than - average earnings x The average fee to withdraw money from an out - of - network ATM has hit a record high of $4.72 , up 33% over the past decade Consumer Preferences are Changing, with Banks Slow to Adapt 4) PWC Employee Wellness Survey, 2019 5) The Cornerstone Performance Report, 2017

| 8 Non - Banks Want to Engage Customers via Financial Services Higher - Ed, Retailers and Large Employers All Have Untapped Financial Use Cases Higher - Ed institutions send tens of billions in payments each year to students, creating administrative complexity and resulting in high overhead costs Large employers struggle with implementing and integrating financial wellness capabilities into their existing HR strategy Onerous and complex regulations regarding disbursement of federal funds Inefficient and expensive processing, fulfilment and reconciliation of student loan refund disbursements T i me - con su mi ng in t er ac ti ons be t w een sc h ools, s t af f and students o retain tale Employers struggle t nt when their staff are not thriving financially r t men t s l a c Hu m a n res o ur c es de p a k co mpe l li ng f i n a n c i al wellness programs for their employees Tighter labor markets have created an acute talent shortage, requiring employers to differentiate entric brands cons Consumer - c tantly refine strategies to better attract, engage and retain customers Higher - Ed Institutions Consumer Focused Brands Large Employers Traditional retailers struggle to differentiate in a commoditized market without creating “race - to - the - bottom” Lack of passive income opportunities and centralized consumer data aggregation Competition and changing customer expectations are exposing undifferentiated rewards programs

| 9 BM Technologies Solves Multiple Parties’ Pain Points in One Solution Resulting in High - Volume, Low - Cost Customer Acquisition B2B2C Approach Examples of BM Technologies Solutions within 3 Verticals Higher - Ed Banking x Distribute financial aid refunds and other disbursements x Eliminate administrative burden and complexity x Offer students access to banking services x Reduce processing costs annually by ~$125K / year (1) White - Label Banking x Offer financial services through white - label partnerships (2) x Attract customers by improving banking experience in historically - underserved segments x Deliver customizable, partner branded rewards and special offers to further drive loyalty x Create net - new, passive revenue streams for partners with lower customer attrition Workplace Banking x Deploy differentiated financial services in conjunction with financial wellness strategy x Represents the first benefit that earns employee's money via interest - bearing accounts, no fees and unique cost - saving opportunities x Easily accessible benefits through HR portal 1) Compared to existing campus processing costs; Approximation based on internal BM Technologies estimates 2) Deposits are held with bank partner Bank Partners Planned La u n c h in 2021

| 10 Evolution into a Premier Brand Fast Growing Digital Banking Technology Platforms 2020+: Rapid Expansion 2015 - 2017: Early Days ounded in 2015 to “digitize” the traditional anking experience x F b Product x A R x I Higher - Ed x R cquired Higher One’s Student Checking and efund Disbursement Business ntegrated new functionality and technology epositioned the business (fees, compliance) Well - positioned for long - term growth and continued EBITDA margin expansion BM Technologies’ Evolution and Continued Growth Elements 2018 – 2020: Business Model and Product Innovation x Partnered to launch T - Mobile MONEY x T - Mobile MONEY extended to Sprint customers Partnerships Pl a t f orm x Focused on expanding B2B2C strategy x Collaboration with Google Pay announced August 3 rd – Will plan to launch in 2021 x Continue to acquire new Higher - Ed clients x Further expand within existing customer base x Continue to Add additional White - Label Partners x Invest in strategic M&A opportunities Long - T e rm G r o w th x Invested heavily to create its Banking - as - a - Service x Built out the technological infrastructure to roll out white - label checking, savings, Point - of - Sale (“POS”) financing, credit card, personal loans and student refinance Investment Technology Direct - To - C o n su m e r Higher - Ed Higher - Ed Higher - Ed Higher - Ed Pipeline of White - Label and St r a tegic P a r t ne rs h i ps T o da y Note: BM Technologies is not a bank and does not provide banking services. BM Technologies is a technology provider that facilitates deposits and banking services between a customer and an FDIC insured partner bank. Any reference in this presentation to “banking” or “banking services” is in reference to BM Technologies providing services between a customers and a partner bank. The BankMobile brand and trademark is only used in reference to services being provided between a customer and an FDIC insured partner bank. The BankMobile brand is only used in reference to services provided in collaboration with an FDIC insured sponsor bank.

Business O v e r vi e w

| 12 High - Volume, Low - Cost, Customer Acquisition Strategy 2 Our “Banking - as - a - Service” Delivers a Full - Featured Digital Banking Platform to Partners 4 Opportunity to Disrupt Massive U.S. Banking Market 1 Highly - Attractive Business Model 7 Attractive Distribution Channel Through Market Leadership Position in Higher Education 6 5 Unique Competitive Position 3 Collaborations with Large, Highly Attractive Brands Key Inves tment Highlights

| 13 Opportunity to Disrupt Massive U.S. Banking Market 1) Source: USBL “Banks Ranked by Total Assets”, June 2019. is able to capture de BM Technologies posits for Partner Banks from the dissatisfied customers of big banks and undercut smaller banks struggling with customer acquisition COMMUNITY BANKS (<$1B ASSETS) M E G A BANKS ( $1 T+ A SSE T S ) SUPER - REGIONAL BANKS ($250B - $1T ASSETS) CORE REGIONAL BANKS ($50B - $250B ASSETS) SMALL REGIONAL BANKS ( $10 B - $5 0B A SSE T S ) MICROBANKS ( $1 B - $ 1 0 B A SSE T S ) TOP ~0.2% OF BANKS COVER ~ 50 % OF ASSETS ALL OTHER BANKS COVER RE M A I N I NG ~50% 1 Banks Have Consolidated, but Fragmentation Remains High Industry - wide headwinds have driven significant asset consolidation, with big banks holding 50% of deposits and struggling with customer satisfaction while the 99.8% of other banks hold the other 50% of deposits, yet struggle to acquire customers at a low cost Asset Concentration in Banking, June 2019 (1) The BM Technologies Solution BM Technologies is pairing with white - label partners and partner banks to beat large and small banks through high - volume, low - cost customer acquisition driven by its full - featured BaaS platform

| 14 $250 $ 3 50 $250 $ 1 ,500 $1,500 $400 $0 $ 2 00 $ 4 00 $ 6 00 $ 8 00 $1 , 000 $1 , 200 $1 , 400 $1 , 600 Credit Cards Retail Checking Accounts Consumer Lending High - Volume, Low - Cost Customer Acquisition Strategy Implemented B2B2C Approach in the Higher - Ed and Telecom Industries BM Technologies achieves a lower Customer Acquisition Cost relative to others in the banking industry by leveraging its disruptive distribution model , which leverages its partners’ loyal customer base and brand affinity BM Technologies Customer Acquisition Estimated Industry Customer Acquisition Cost (1)(2) 1) ARK Investment Management LLC, “Customer Acquisition Costs Per Customer For Financial Products”, 2018 2) BM Technologies’ CAC is calculated based on LTM total Marketing and Client Operations expenses net of subscription fees paid to BM Technologies for Higher Ed clients; divided by LTM newly active accounts 3) If the subscription fees paid by Higher Ed institutions to service their disbursements business were backed out of the net cost of acquisition, BM Technologies’ CAC would be $26.78 x BM Technologies drives customer acquisition and marketing engine through a differentiated distribution model x Rapid penetration into partners’ loyal, ingrained customer base x Ability to leverage partners’ brand equity to establish trust and accelerate adoption x Derives significantly lower customer acquisition cost than a traditional bank by leveraging existing customer base 2 Implied CAC C o s t D iffe r e nti al u p to $1,490 BM Technologies CAC: $9.63 (3)

| 15 • P art n e r e d wi th T - Mo b il e t o la u n c h T - Mob il e MO N EY i n 2 0 1 9 • Offers no account fees and 4% interest on balances up to $3k for T - Mobile customers • T - Mobile MONEY extended to the Sprint customers in August of 2020 • Contract was recently extended to 2023 with option to renew for additional 2 - year periods Relationship Overview Win – Win Relationship x Strong customer retention program for T - Mobile x New BM Technologies customers (deposits for Partner Banks) Partnership Highlights “Traditional banks aren’t mobile - first, and they’re definitely not customer - first. As more and more people use their smartphones to manage money, we saw an opportunity to address another customer pain point,” said John Legere, former CEO of T - Mobile (April 2019) (1) 1) Per T - Mobile press release; Bye, “ Big Banks. Hello, T - Mobile MONEY Introducing Your No - Fee, Interest - Earning, Mobile - First Checking Account” – April 18 th , 2019; 2) Per T - Mobile press release; “It Pays (Literally) To Be With The Un - Carrier; Full T - Mobile MONEY Benefits Extend To Sprint Customers” – August 24 th , 2020 3 a Collaborations with Large, Highly Attractive Brands White - Label Banking Case Study: T - Mobile MONEY “Today, more than ever, it is absolutely critical that people keep more of their hard - earned money in their pockets. T - Mobile MONEY customers get an industry leading return on their money, with zero fees, so they keep more, and grow more, the way it should be,” said Mike Sievert, CEO of T - Mobile (August 2020) (2)

| 16 On August 3 rd , 2020, BM Technologies announced an execution of an agreement with Google to introduce digital bank accounts. Highlights x Google Pay will provide the front - end user experience which will have some aspects unique to the higher education market from the standard Google Plex account x The product will be built upon BM Technologies’ existing infrastructure x Product will be offered through BM Technologies’ existing higher education distribution channel which serves approximately one in three college students through relationships with approximately 725 campuses x Pl a nn e d l aun c h i n 2 0 2 1 Win – Win Relationship x Increase the percentage of college students that choose to receive a disbursement through the opening of a BankMobile account x Provide students new tools that will assist in budgeting and offer personal financial insights Partnership Highlights “Google is excited to partner with BankMobile in enabling a digital experience that is equitable for all and meets the evolving needs of a new generation of customers. We believe that we can use our technology expertise to benefit users, banks and the entire financial ecosystem.” - Felix Lin, Vice President at Google (August 2020) (1) “We are thrilled to be collaborating with Google to offer our student customers enhanced digital bank accounts. Many of our student customers today are struggling to manage their money as they work part - time and attend school. Through our collaboration with Google we believe we can provide these students with the appropriate financial tools to help them navigate through these difficult situations successfully” – Luvleen Sidhu, CEO, BM Technologies, Inc. (August 2020) (1) 3b Collaborations with Large, Highly Attractive Brands Recently Announced Collaboration with Google Pay Relationship Overview 1) Source per Press Release: BankMobile Announces a Collaboration to Offer Digital Bank Accounts – 8/3/2020

| 17 Key Capabilities, Products and Technology Platform BM Technologies brings the whole bank to partners… … with a tailored signup and branded bank UX… … enabled by tech designed for partner integration Core Banking Systems Payments Checking Savings Credit BaaS Customer Hub APIs Az u r e Cl oud Digital A ct i vi ty Data P a r tner Data Bank Pr o d uct Data Partner x All digital channels and bank technologies delivered including mobile, web, Alexa, APIs and US payment systems x Out of the box capabilities supported including customer care, compliance, fraud mgmt., deposit / loan operations and debit card printing x Flexible connections to banks via partner - specific banking APIs “Banking as a Service Offering” Omni - Channel Digital Banking Modern Technology Platform Full - Service Banking Support Bank Partnerships x Frictionless onboarding and omni - channel apps x Full primary bank relationship support, including transfers, remote deposit capture, P2P, bill pay, ATMs, cash - in and physical/digital debit cards x Gamified cross - industry offers and perks x Near - real - time APIs with aggregated data enables partner - specialized, customer - centric experiences x Core banking systems provide primary account f e a tu r e s a t u l t r a - h ig h r el iab ili ty x Modern cloud enables consistent re - use across multiple partners, tested on millions of accounts B B . Modern Cloud - Based Technology Platform B aa S O f f erin g A A . B r ande d D i g ital B a nkin g A p p s 4 a A B C D Note : BM Technologies is not a bank and does not provide banking services . BM Technologies is a technology provider that facilitates deposits and banking services between a customer and an FDIC insured partner bank . Any reference in this presentation to “banking” or “banking services” is in reference to BankMobile providing services between a customers and a partner bank . The BankMobile brand and trademark is only used in reference to services being provided between a customer and an FDIC insured partner bank BM Technologies Delivers a Full - Service Digital Banking Platform

| 18 continued - Deliver Full - Service Banking Platform to Partners’ Customers Deposit O p e r a t i o n s C omp l i ance S o l u t i on s (KYC, AML, BSA, Etc.) Ca l l C e nt er O pe r a t i o n s Physical A T M A cce s s D eb i t C a r d Issuance I n f o rm a ti o n Security Fraud Ma n a g e m en t D a t a A n a l y t i cs / Reporting Core P r oce s s i n g Attracts Customers Through Digital Channels and Provides Back - Office Support in One Solution BM Technologies delivers a full - service, centralized and customer - centric experience while alleviating the back - office and administrative burden for white - label partners C C . Full - Service Banking Support D Access to a Partner Bank Loan U nd e r w r i t i ng R e g u l a t o r y Approvals E s t a b l i s h ed Ba n k L i ce n s e S t r ea ml i n ed P a y m e n t Ra il s I nt e g r at e d , F l e x i b l e API s FDIC I n s u r ed D e p os i ts 4b Note : BM Technologies is not a bank and does not provide banking services . BM Technologies is a technology provider that facilitates deposits and banking services between a customer and an FDIC insured partner bank . Any reference in this presentation to “banking” or “banking services” is in reference to BankMobile providing services between a customers and a partner bank . The BankMobile brand and trademark is only used in reference to services being provided between a customer and an FDIC insured partner bank

| 19 Competitive Positioning Complete Digital Banking Platform Illustrative Competitive Landscape D S D s Why BM Technologies Wins P artn e r sh i p m od e l o f f e ring tur n k e y , f u ll y b r a n d e d d igi t al banking platform. eep experience and long history in B2B2C banking uperior service, delivering executive oversight and fully - s u p por t e d i m p l e me n t a t i on eli v e r s i n t e r c h a n g e r e v e n ue hare potential from all account activity R e p r e s e n t a ti v e F i rm s Competitive Differentiation White - Label Consumer Banks & BaaS Banks Fintech BaaS White - Label Neo Banks Providers Charters E xt r e m e p artne r s h i p t a il o r i n g Deep customer experience integration 4 0 2 2 2 F u l l - B aaS M od el Complete white label digital banking platform (compliance, deposit operations, fraud management, c u st o m er c a r e, e t c ) 4 0 3 1 1 B r a n ded Digi t al B a n k i n g Offer full white label digital bank app on mob i le and w eb 4 0 0 0 0 R e v en u e s h a r e / g r e a t c on s u m e r p r i ces Partnerships drive low CAC & blended offers. Planned Durbin exempt bank 4 0 4 2 2 5 BM Technologies’ ability to customize and integrate a fully branded front and back end experience is a differentiating approach and key to partners who have a strong brand relationship with their customers

| 20 Distribution Through Market Leadership Position in Higher - Ed Deeply Embedded Campus Relationships Allow for Customer Acquisition and “Customer for Life” Strategy U.S. Higher - Ed Student Disbursement Market Share (1) Benefit of the Higher - Ed Business x Access to ~1 in every 3 college students in the U.S. x Ability to create “customer for life” through selling additional financial services products as students graduate x Proven scale generating approximately $60M in annual revenues with nearly 2M accounts currently on the platform x Scalable technology distributing more than $10B of payments a year Note: SSEs refers to Signed Student Enrollment 1) Per BM Technologies internal sales database and estimated student market size based on SSEs 2) National Center for Education Statistics. “Enrollment and Employees in Postsecondary Institutions, Fall 2015; Financial Statistics Academic Libraries, Fiscal Year 2015”, February 2017 3 ) 4 ) 5 ) ~3M SSEs are considered non - addressable (beauty schools, trucking schools, etc.) Represents one minus the annual SSE attrition over beginning of the year SSE count Includes credit unions, regional banks, other software providers, unknown, etc. Total Addressable Market is 20M students and replenishes every year (2)(3) 3 1 % So f t w a re 19% O t her (5) 18% I n - Hou se Ca p a bili t ie s 30% 2 % Na tion al Banks Payment P r o v ide r s Exclusive, Long - Term and Contractual Campus Relationships x Long - term embedded university client base of approximately 725 campuses x SSE retention rate of over 98% (4) x Average client tenure > 5 years x Typical new contract term is 3 – 5 years with auto - renewal periods of various lengths x Active pipeline of ~1M students x Expect prepaid providers to be a minimal threat as regulations have made it more difficult for prepaid operators x BMT’s mix of SSE’s is weighted towards local, two - year institutions x Management believes BMT’s segment exposure could perform better than more expensive, private, four - year schools, by offering a better value proposition particularly if remote learning becomes more common or required ‒ 87% of SSE at better value “public” schools ‒ Active pipeline of schools with ~1M SSEs Recent Developments x BMT is in active implementation and negotiations on 2 new Partnerships that are intended to increase product offerings to schools and increase adoption of BMT products by SSEs. 6

| 21 Income Statement – Historical & Forecasted Note: 2020 – 2022 forecasted figures incorporate additional public company cost upon consummation of the SPAC merger transaction. Forward looking financial projections assume white label business achieves significant forecasted growth. These figures are subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management. 1) 2019 financials are shown pro forma for BM Technologies’ current deposit servicing and expense agreements with Customers Bank; see page 42 for reconciliations to Pro Forma Core Financials 2) EBITDA is a Non - GAAP financial measure; see page 43 for reconciliations to Non - GAAP financial measures Historical & Projected Income Statement Revenue Breakout by Major Categories Ca rd Re v enue 39% Other Fees 2% D epo s it Se r vici n g Fees 33% Interchange and MasterCard incentive income based on card activity and out - of - network ATM fees r epl a ce m e nt fees Various nominal other fees, including fees associated with cash deposits colleges based on enrollment size, competitive marketplace and disbursement channels and options U nive rs ity Fees 8% Fee charged to partner bank(s) based on average balances of serviced deposits Highly Attractive Business Model 7 % of Total 2020 Revenues 2019 Pro Forma Core (1) 2020 Pro Forma Core (1) 2021E 2022E Pro Forma Core Revenues ($mm) $61.3 $66.7 $104.0 $144.4 Less: Tax Expense ($mm) 0.0 0.0 1.5 8.0 Account Fees Monthly account fees, wire fees and card Pro Forma Core Net Income ($mm) ($12.1) ($9.8) $4.7 $25.3 17% Average Serviced Deposits ($mm) $548.5 $750.1 $1,381.4 $2,335.0 YoY Growth Subscription and transactional fees charged to Average Serviced Deposits 37% 84% 69% Less: Pro Forma Core OpEx (Excl. Deprec. & Amort.) ($mm) 63.6 63 . 1 8 2 .6 94.1 Pro Forma Core EBITDA ($mm) ( $2. 2 ) $3 . 5 $21.5 $50.3 Less: Interest Expense ($mm) 0.5 1.4 0 . 6 0.3 Less: Deprec. & Amort. ($mm) 9.3 11.9 14 . 7 16.7 Pro Forma Core Pre - Tax Income ($mm) ($12.1) ($9.8) $ 6 .2 $33.3 Pro Forma Core Revenues 9% 56% 39% Pro Forma Core OpEx (Excl. Depreciation & Amortization) (1%) 31% 14% Pro Forma Core EBITDA - 505% 134% Pro Forma Core Net Income - - 442%

| 22 9 8 . 5 % 99 . 4 % 3 - Y r A v g 2 0 2 0 0 . 8 1 % 0 . 7 4 % 2 0 1 9 2 0 2 0 $ 2 . 3 7 $ 2 . 7 9 2 0 1 9 2 0 2 0 Demonstrating Strong Performance Across Key Metrics Key Performance Indicators – Metrics of Company Success Higher Ed Account Retention 20 2 0 r e t e n t io n is abo v e a v e r a g e of trailing 3 years’ retention Calculated as one minus the annual SSE attrition over beginning of the year SSE count I n te r c han g e Rate YTD Decline due to impacts of COVID (increase in average ticket size and changing consumer merchant mix). We expect some positive revision in 2021 Represents the amount of revenue for each debit card tra n s a c t i o n , i n cl ud i n g i n ter c ha n g e m a i n tena n c e pa i d b y partner bank, net of network costs, as a % of debit spend Definition: The aggregate amount of s p e n d on d e b i t c ards i n Q4 2020 vs Q4 2019 Card Spend YTD ($B) After falling 2% YOY in Q1, Debit Card spend grew 32% in Q2 and 24% in Q3, and 23% in Q4 T h e a gg r e g ate a m o un t of spend on debit cards in 2020 vs 2019 EoP Serviced Deposits Q4 ($M) Growth driven by increase in accounts, organic deposits, and boosted by federal stimulus programs Aggregate, end of period b a l a n c e of s e r vic ed c u s to m er d e p o si ts a c ro s s a l l b u si ne s s lines Organic Deposits YTD ($B) Cash inflows to end user de p o si t a cc o u nt s , n ot attributable to higher e du c at i on d is bu r s e m ents or w h i te l a b el pa r t n er i n c e n t i ve payments 139% 18% 23% 33% 1% - 8% Growth driven by stronger performing accounts and boosted by federal stimulus programs $5 5 7 Q4'19 Q4'20 Comments: Strong growth driven by significant increases in both Higher Ed and White Label $6 8 2 $ 4 0 1 $9 6 0 Q 4 ' 1 9 Q 4 ' 2 0 $1 . 4 1 $ 1 . 8 8 2 0 1 9 2 0 2 0 Card Spend Q4 ($M)

| 23 Federal & Private Colleges & Universities Loan or Grant: $10,000 R e f und : $1,500 $260 Billion Total Aid and Non - Federal Loans for 2018 & 2019 (1) Disbu rseme n t T u i t ion : $8,500 BM Technologies Revenue Opportunities Higher - Ed Partners • Subscription Fees from Higher - Ed Clients • Transaction Fees from Higher - Ed Clients S t ud e n t a n d N on - S tu d e n t C u s t o m er A cc o u n ts • Interchange Revenue on Customer Activity • Service Fees for Wire, Foreign ATM Transactions • Account Maintenance Fees for Non - Students • Deposit Servicing Income from Serviced Deposit Balances ACH Transfer to A n oth e r B a n k or C h ec k Students 1) CollegeBoard, “Trends in Student Aid 2019”. T r a v el Bo ok s Eliminating Complexity for Schools: x D i sb u r s e m e n t Timing x Service & S t a ffi ng Needs x D epa r t m e n t o f E d Co mp l i ance Housing an d Foo d a nd Other x Audits & Record Keeping x T ec hn o l o g y Demands or Collaboration on enhanced offering planned to launch 2021 + Case Study: Higher Education Business Illustrative Example of how Student Loans or Grants flow to Higher Education Institutions and onto Students (how proceeds flow)

| 24 L o Co D w - Cost nsumer eposits Subscription a n d O t h er F ees Ma n a g e Dis b u r s e m e n t P r o cess Card Usage Drives Interchange Fees Paid by Merchant, Customer Pays Some Account and Usage Fees (e.g., ATM, Card Re - Issue, etc.) Account Holder Bank Partners Higher - Ed Campus F ees f r om B ank Partners Benefits of a BankMobile Account ▪ High tech digital banking product ▪ Competitive interest rates ▪ Student focused special discounts from partners (digital study tools from Bart l e b y a n d f i n a n ci al s up port services from Billshark) ▪ Free national ATM access ▪ Financial education ▪ Low fees Dis b u r s e m en t Di s t r i b u t ed T h r ou g h BankMobile Vibe Account Higher - E d Business Unit Value Creation

New Business Total BMT Higher Ed New Business Total BMT Higher Ed Note: New Business includes White Label Partners and Workplace Banking; EOP Serviced Deposits refers to End of Period Serviced Deposit Balances. Shaded portion of December 2020 “Number of Open Accounts” denotes adjustment for inactive accounts cleansed annually | 25 Number of Open Accounts 1 2 3 4 5 6 7 8 9 1 0 1 1 1 2 New Business Verticals Performance Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Q4 '19 Q1 '20 Q2 '20 Q3 '20 Q4 '20 - 1 00 2 00 3 00 4 00 Q4 '19 Q1 '20 Q2 '20 Q3 '20 Q4 '20 EOP Serviced Deposit Balances ($MM) Card Spend ($MM) Q4’20 Q4’20 86% 579% Q1’20 31% Q2’ 2 0 52% 25 0 % Q3’20 84% 343% 9% 74% Q1’20 18% 770% Q2’20 Q3’ 2 0 12% 21% 123% 79% Q oQ Growth YoY Growth • Over the last twelve months, quarterly card spend has more than doubled and the number of accounts has grown by nearly 75% • Serviced deposit balances are growing exponentially and have grown by over 570% in the last twelve months • Overall growth is driven by both increasing number of accounts and average account performance • New Business Account Level Metrics: • EOP Serviced Deposits Balances up 211% YoY per Account • Quarterly Card Spend up 29% YoY per Account Q2’20 44% 5 40% Q3’20 Q4’20 23% 7% 1 8 0% 1 29% Account Level Performance of the New Business Verticals EOP Serviced Deposit Balances per Account ($) Card Spend per Quarter Per Account ($) Q1’20 QoQ Growth 22% YoY Growth 1159% QoQ Growth YoY Growth 869% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

| 26 Key Market Attributes of Target Partners r se M a r k e t i n g C Established Brand Equity Ability to leverage market - trusted image in co - branded marketing materials, as well as UX and App Immense, Captive Customer Base Massive, underserved customer bases provide a deep pipeline of sticky customers to market to Dive hannels Deeply ingrained marketing channels to promote co - branded platform and increase awareness Nu m e r ous N a t u r a l Chec k o u t M o me n ts Effortless, omni - channel checkout points retain customer dollars within the Banking - as - a - Service ecosystem Strong Customer Loyalty Immensely loyal, existing customer base in need of financial and digital banking solutions 1) Represents customer reach of identified White - Label prospects initiated in partnership conversations with BM Technologies; BM Technologies acknowledges that there is likely to be customer overlap amongst white - label customers and industry verticals >50 Million Prospects ~150 Million Prospects >200 Million Prospects Massive Identified Addressable Market Existing Identified Market Customer Pipeline related to New White - Label Partners (1) T o t al Ide n ti f i ed Market BM Technologies is targeting to add one new large partner per year and is currently in multiple RFP processes Whit e - Label BaaS Market Opportunity

| 27 Com p e titi v e Economics Deep E xp erie n c e Launched P artn e r sh i p wi th T - Mobile via TMM P r o v e n Se r vi ce & Delivery Model > 2 Million Accounts C o m p e t iti v e Advantage Large B anks U nab le to Compete on I n t e rch an g e Alo n e Small Banks Unable I n v e s t A d e q u a t e $ t o Build BaaS Platform R eg u l at o r s W ary of Allowing Fintechs Without Banking Acumen to Scale (1) Chartered, FDIC - I n s u r e d , Not - P r e pa i d P art n e r s Low Acquisition Costs, High Adoption Rates Digital First / Branchless N a t u r al C h ec k o u t Moments L arge A gg r eg ators of Consumers D e e p E x p e rt i s e in B2B2C Banking T r u s t e d B rands Our B2B2 C Differentiation “ D ur b i n E x em p t ” I n t e r c h a n g e - O n ly Model Attractive R e v e n u e S ha r e Low Fee Banking with Benefits Re du ce d O n - P a rt n e r Expense 1) The Wall Street Journal; “Judge Denies Federal Authority to Issue Fintech Bank Charters” – October 2019 Note: BM Technologies is not a bank and does not provide banking services. BM Technologies is a technology provider that facilitates deposits and banking services between a customer and an FDIC insured partner bank. Any reference in this presentation to “banking” or “banking services” is in reference to BM Technologies providing services between a customers and a partner bank. The BankMobile brand and trademark is only used in reference to services being provided between a customer and an FDIC insured partner bank

| 28 Experienced Management Team Vision and Experience to Execute ~24 Y ea r s Average Industry E x p er i en c e Management Team By the Numbers 2 5 7 FTEs (2) 1) 2019 LendIt Fintech Industry Awards 2) As of 12/31/2020 Bob Ramsey Chief Financial Officer Industr y Ex perience 20+ Years Robert Diegel Chief Operating Officer Industry Experience 35+ Years Warren Taylor C h i ef C us t omer O ff i c er and Co - Founder Industry Experience 35+ Years Industry R ecogn iti on Most I nn o v at i v e Bank Luvleen Sidhu CEO and Co - Founder FinT ec h W o m an of the Year (1) Industry Experience 9+ Years Andrew Crawford Chief Commercial Officer Industry Experience 23+ Years Key Industry Expertise FinTech B a n k ing C ompl i a nce / Ri s k Man a ge m e nt Operations Finance Digital Marketing Jamie Donahue Chief Digital Officer Industry Experience 25+ Years Hans Fleming Head of Business Development Industry Experience 25+ Years Melanie Mathias Head of Marketing Industry Experience 20+ Years

C O N F ID EN T IAL | 29 Tremendous Platform Growth Opportunity Multiple Levers to Accelerate Growth Expand Student Adoption and Create Long - Term Customer Relationships by Expanding Access to Credit Products Continue to Add New White - Label Partners St r a t eg i c M&A Expand Distribution Channels and Product Offerings x Drive strong organic growth by successfully executing on our customer acquisition and engagement strategies x Continue RFP process and strategic discussions with vetted blue - chip, white - label partners to tap into their loyal customer bases x Distribute the platform through new channels to open up incremental TAM x Capitalize on robust universe of marketplace lenders, Personal F i n a n c i al M a n a ge m e nt ( “ P FM”) players, and vertical higher - ed software acquisition targets Further Expand Within Existing White - Label Partnerships x Continue to add new SSEs x Increase adoption rates t hr ou gh new pa r t nersh ip s x Expand bank partnerships to expand access to credit

Financial I n f or m a ti o n

| 31 Financial Summary Pro Forma Core Financial Metrics Source: Company management Note: Refer to Reconciliation to Pro Forma Core Financials on page 43; Growth rates over 150% deemed not meaningful – “NM” • Interchange and card revenues declined, despite 18% growth in card spend due to $1.3 mm drop in ATM related revenue and reduced interchange fee rates • Deposit servicing fees increase of 35% driven by increase in average deposit balances • University fees benefitted from COVID - related services provided to new, non - subscription clients • 2020 expense levels benefitted from contract optimization initiatives launched in 2H 2019 • Additional benefits expected to be realized from operating leverage initiatives implemented in October 2020 • Interest on debt • I n c r e a s e i n d e pr ec i at i on and a m o r t i z at i on ex p en s e i n 20 2 0 d r i ven by l a un c h of w h i te l abel pro du c ts a n d amortization of capitalized development expenses • Significant growth in balances and spend in 2020 ($ in millions) 2020 2019 Commentary YoY Chg Interchange and card revenue $26.3 $28.1 ($1.8) (7%) Deposit servicing fees 22.3 16.5 5.8 35% Account fees 11.3 10.9 0.4 3% University fees 5.3 5.0 0.4 7% Other 1.5 0.9 0.6 73% Pro Forma Core Revenues $66.7 $61.3 $5.3 9% Pro Forma Core OpEx (Excl. Depr. & Amort.) 63.1 63.6 (0.4) (1%) Pro Forma Core EBITDA $3.5 ($2.2) $5.8 NM Less: Interest Expense 1.4 0.5 0.9 NM Less: Depreciation & Amortization 11.9 9.3 2.6 29% Pro Forma Core Pre - Tax Income "NM" refers to chagnes greater than 150% ($9.8) ($12.1) $2.3 (19%) Total Serviced Deposits - EoP $960 $401 $559 139% Total Debit Spend $2,791 $2,370 $422 18%

| 32 2019 P r o Fo r m a 202 0 E 202 1 E 2 0 2 2 + 2 5% Cost Controls and Revenue Growth Drive Operating Leverage Focus on Expense Control as BMT Initiatives Launch and Exit “Build” Phase R ec ur r i n g Annual Savings OpEx S a vi n g s Rate (2) 1) Majority of savings related to reducing costs of variable services. 2020 projected savings of $10mm calculated by comparing actual costs with projected costs using 2020 account activity and previous agreements and processes 2) Based on 2019 total expenses minus depreciation and amortization Note: 2019 Pro Forma Revenues Ongoing $10mm Annualized Benefit • Initiatives focused on c o n t r a c t opt i m i za t i on and p r o ce s s au t o m a t i on a n d resulted in permanent r e du c t i on t o c o s t ba s e • Benefits began in 2H 2019 and i n cl u d e d $5 m m sav i n gs in 2019 Contract Optimization Initiative (1) Operating Leverage Initiative Ongoing $7mm Annualized Benefit • Operating leverage initiatives, i n cl u d i n g r e o r g an i z a t i o n , automation, and vendor n e g ot i a t i o n s l aun c h e d i n Q4 2020 20 1 9 2 0 20 20 2 1 Focus on Expense Man a g e m e nt Mai n t a i n i n g Re ve nu e H i gh Growth B e y o n d $ 1 7 m m B MT F o r ec as t R e v e n u e s 2 0 22 E +

| 33 R e v en u e 2 1% 2021E (4) • Signed Student Enrollments (“SSEs”) Source: BM Technologies management 1) Non - GAAP, see slide 42 2) Represents one minus the annual SSE attrition over beginning of the year SSE count 3) Reflects 2020 $ 1 1 . 7 b n T o t al S tu d e n t R e f un d Dollars Processed (3) $ 9 6 0mm E o P S e r v i ced D e po s i ts ( 3) $ 2 . 8 b n Debit Spend (3) 4) Reflects forecasted full year 2021 data; Forecasted Revenue and EBITDA set forth on “Income Statement History and Forecast“ on slide 22 & 32; EBITDA is a Non - GAAP financial measure which can be reconciled on page 43; Forward looking financial projections assume white label business achieves significant forecasted growth. These figures are subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management >5mm * SSEs (1) BM Technologies Serves Approximately 1 in 3 of all US College Students $ 6 7 m m >2mm A cc o u n ts (1) >9 8% Higher - Ed Client Retention (by SSEs) (1)(2) 2 0 20 R e v e nu e $ 1 04mm 2021E (4) E B IT D A Ma rgi n Financial & Operating Highlights BM Technologies’ Model has enabled it to establish a highly attractive financial & operating profile

| 34 ▪ Enterprise Value multiples are valued at a significant discount when looking at 2021E EBITDA and revenue Public Comparable Companies (1) Public Comparable Companies (1) EV / 2021E EBITDA Multiples EV / 2021E Revenue Multiples Source: Capital IQ & FactSet Research Systems, Inc.; Market data as of 3/5/2021 Note: Multiples exclude valuations less than 0.0x and greater than 50.0x; Peer data reflects consensus estimates 1) Reflects median values for comparable companies in each respective industry 2) Forecasted Revenue and EBITDA are set forth on “Income Statement History and Forecast“ on slides 22 & 32; EBITDA is a Non - GAAP financial measure which can be reconciled on page 43 Average: $546 per Customer V a lu a t io n ($mm) A c c oun t s (3) (millions) $1,548mm $1,000mm 4.8mm 2mm $156.9mm $14,500mm $1,400mm $25,000mm $3,500mm $5,500mm 2.2 mm 12mm 5mm 34mm 5mm 10mm 3) FT Partners Research, “The Rise of Challenger Banks”, Business Insider, TechCrunch and Bloomberg; References to number of customers is assumed to apply accounts; BMT account data as of 12/31/2020 See slide 39; 2019 Ending Revenue reported by Monzo and Revolut / Avg # of customers throughout the year. Conversion at 1.29 USD to GBP; https://sifted.eu/articles/a - comparison - of - uk - top - three - digital - banks/ 4) ▪ Private market valuations for US and Int’l Neobanks using disclosed valuations and number of accounts (3) Valuation / Customers 2019 Avg Rev per Customer (4) BM Technologies: $30 Revolut: $31 Monzo: $27 (2) Valuation Overview (2) $71 Payment Technology and Software Solutions Comparables B2B / Card Issuers & Processors Comparables F le e t C o r 1 0 . 2x 1 8 . 5 x W E X 6 . 9x 1 7 . 1 x A ll ia n c e D a t a S y s t e m s 4 . 9x 1 6 . 1 x W o r l d li n e 4 . 9x 1 9 . 6 x E M L P a y m e n t s 8 . 5x 2 7 . 5 x Median 6.9x 18.5x Bank Tech Comparables FIS 8.0x 17.9x Intuit 10.9x 30.7x Fiserv 6.5x 16.6x ADP 5.3x 21.4x Jack Henry 6.3x 19.8x Temenos 11.2x 24.5x Q2 13.0x NM ACI Worldwide 4.4x 15.4x Bottomline Tech. 4.3x 20.6x Median 6.5x 20.2x PayPal 11.3x 38.4x Square 8.2x NM Repay 12.1x 28.3x Global Payments 9.5x 20.2x i 3 V e r t i c al s 4.5x 17.1x Shift4 Payments 4.5x 32.2x Paya, Inc. 7.4x 26.6x Median 8.2x 27.4x Digital Financial Platform Comparables SoFi Moneylion 15.0x 17.3x NM NM Median 16.1x NM Enterprise Value / 2021E Rev. 2021E EBITDA

| 35 Investment Thesis Unique Opportunity to Invest in a Premier Brand Positioned for Significant Growth Strong Financial Profile $66.8M 2 0 2 0 R ev e n u e 26% 2019 - 2021E Pro Forma Core Revenue CAGR $960M 2020E EoP Serviced Deposits Rapid Market Expansion Positioned For Significant Growth New White - Label P artn e r A d d i t i o n s Di s tri b ut i on C ha n n e l and P r odu c t O f f e ring Expansion B e s t - in - Cla ss Digital Bank S o p h i s t ic at e d Capabilities Dynamic C o n s u me r D at a Frictionless Onboa r d i n g Powerful C u s t o me r A cqu isi t i on Proprietary I n f r a s tr u ct u r e Recognized Market Leader A m o n g t h e La rg e s t Digital Banking Platforms Full Suite of Banking Products Through Partner Banks Pro p ri e ta r y “Baa S” Technology Pla n n e d 2 02 1 L aun c h of C o ll a b o r a t i on wi th Google Pay H ig h - V o l u me , Lo w - C o s t Acquisition Model 37% 2020E Avg. Service Deposit Growth 18% 2020E Debit Spend Growth S t r a t egi c M&A W h i t e - La b e l P artn e r Expansion Higher - Ed W h i t e - L ab e l P a rtn e r s h i p s Wor k p l a c e Banking

Appendix

| 37 $43 4 $ 20 7 $ 46 0 $ 30 4 $ 12 . 7 0 $ 1 3 . 5 0 $1 3. 8 0 $ 1 9 . 6 0 BM Technologies Average Account Performance Comparison $3 2 $3 0 $ 2 7 $ 3 1 Revenue per Account (1) EOP Serviced Deposits per Account Card Rev per Account (2) BM Technologies compares favorably with both Monzo and Revolut on key metrics Revolut reported 10mm customers at the end of 2019 and was last valued at $5.5B Monzo reported 4.8mm customers as of 12/2/20 and was last valued at ~$1.5B Key Operating Metrics Comparison against Leading UK based Digital Banks Illustrative Analysis H ig h lig h t s 1) Total reported revenue divided by average number of customers throughout the year calculated using beginning and end of year customer counts. Customer counts identified using either disclosed number of accounts or customers.; 2) Reported by Monzo as Net fee and commission income; Reported by Revolut as Card & Interchange; (3) Latest private market valuation divided by number of accounts for Monzo and Revolut; Transaction valuation divided by number of accounts for BM Technologies; See Page 34; (4) Net of $10.7mm Fee and Commission Expense Source: https://sifted.eu/articles/a - comparison - of - uk - top - three - digital - banks; Revolut and Monzo Annual Reports; FT Partners Research, “The Rise of Challenger Banks”, Business Insider, TechCrunch and Bloomberg; Note: Exchange Rate of GBP to USD = 1.29 for all Monzo and Revolut data; Monzo data is Fiscal year end Feb 29,2020 and Revolut data is year end Dec 31, 2019; BM Technologies Revenue is pro forma core revenue 2020 2019 F i scal 2019 ( 4) 2020 2019 F i s c al 2019 2019 2020 2019 Fiscal 2019 (4) 2019 $7 5 $ 55 0 $32 3 Valuation per Account (3) 2019

| 38 Business Model Comparables Similarities to BMT Differences to BMT “NeoBanks” • Competitive product to the end consumer - digital checking and savings accounts with features that include two - day paycheck , etc • Generates the vast majority of its economics from the digital bank accounts • Key business model differentiation is the BMT utilizes a B2B2C distribution strategy rather than marketing to consumers directly which enables very low customer acquisition costs • BMT generates some subscription revenue P a y m e nt s & Ca r d s • The largest source of revenue for BMT is interchange fees generated from card payment processing • BMT also generates some revenue from deposit servicing and subscription services • BMT provides Banking - as - a Service functionality to third parties Bank - Technology • Provides Banking - as - a Service functionality to third parties , allowing them to engage their existing customers with branded financial services like checking and savings accounts • QTWO and many other bank technology providers primarily generate revenue through software subscriptions . BMT generates the majority of its revenue through usage of the digital bank accounts C h a r t e r e d, F u l l - Stack BaaS • Provides Banking - as - a Service functionality to third parties , allowing them to engage their existing customers with branded financial services like checking and savings accounts • Generate a mix of interchange income and deposit related income • BMT is not a chartered bank , whereas GDOT, Bancorp and others are banks • GDOT generates most of their revenue from prepaid cards whereas BMT does not provide any prepaid cards • BMT does not originate any credit or take any loans on their balance sheet Degree of Co mp a r ab ility Higher Lower

| 39 Note: Analysis assumes $27.7 million cash held in the trust account by MFAC related to existing MFAC public stockholders (reflects current amount following the November 2020 shareholder redemption period), shares will remain outstanding and cash will be available for use in the SPAC merger transaction 1) Reflects remaining Class A shares following November 2020 redemption period 2) Reflects pro forma intercompany debt after partial paydown 3) Pro forma core Revenue and EBITDA set forth on “Income Statement History and Forecast“ and “Reconciliation to Non - GAAP Financial Measures” on slides 32 and 43, respectively Equity Capitalization Summary (1) Share Count (millions) % of T ot a l P a r t y Capitaliza tion and Ownership Capitalization at Closing Share Price (as of 3/15/21) Total Shares Outstanding $13.09 12.2 Shares Issued to CUBI Shareholders 4.9 40.0% BMTX Equity Value $159.7 Former MFAC Public Shareholders 2.7 21.7% PIPE Investors 1.9 15.7% Cash, Net of Debt (2) 2.8 BMTX Employees 1.3 11.1% Enterprise Value $156.9 MFAC Sponsors 1.2 9.9% MFAC Advisors 0.2 1.6% BMTX 2020 Pro Forma Core EBITDA ($mm) (3) $3.5 Total 12.2 100.0% BMTX 2021E Pro Forma Core EBITDA ($mm) (3) $21.5 B M T X 2 02 1 E P r o F o r m a C o r e R e v e n u e ( $ m m) ( 3 ) $104.0 EV / 2020 Pro Forma Core EBITDA 44.8x EV / 2021E Pro Forma Core EBITDA 7.3x EV / 2021 Pro Forma Core Revenue 1.5x

| 40 Reco nciliation to Pro Forma Core Financials Sourc e: Compa ny m ana ge m e nt Pro Forma Core Adjustments Revenues and expenses have been presented on a “pro forma core” basis to illustrate past periods as if the current deposit servicing agreement had been in place, and to remove non - recurring, one - time costs for merger expenses and Department of Education settlement 1 Pro Forma adjustment to revenue to reflect BMT’s current deposit servicing agreement in all periods, whereby BMT receives of 1.50% for deposit servicing plus 1.50% for NIM Sharing, plus fraud reimbursement, less certain interest expense. 2 3 Adjustment to remove non - cash WIP Write - down for discontinued product, net of partner cost reimbursements 1 2 3 4 Pro Forma Core Revenues minus Pro Forma Core Operating Expenses 4 Adjustment to remove non - core/nonrecurring merger and Department of Education settlement expenses related to legacy Higher One business now assumed by BM Technologies 1

| 41 Source: BM Technologies management projections Note: 2021 – 2022 forecasted figures incorporate additional public company cost upon consummation of the transaction. Forward looking financial projections assume white label business achieves significant forecasted growth. These figures are subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the control of the Company and its management. 1) Refer to Reconciliation to Pro Forma Core Financials on page 42 2) Reflects cost of intercompany debt 2021 E ($ shown in millions) 2019 2020 2022E Pro Forma Core (1) Pre - Tax Income ($12.1) ($9.8) $6.2 $33.3 Addback of Interest Expense (2) 0.5 1.4 0.6 0.3 Addback of Depreciation & Amortization 9.3 11.9 14.7 16.7 Pro Forma Core (1) EBITDA ($2.2) $3.5 $21.5 $50.3 Pro Forma Core (1) EBITDA ($2.2) $3.5 $21.5 $50.3 Pro Forma Core (1) Revenue 61.3 66.7 104.0 144.4 Pro Forma Core (1) EBITDA Margin (4%) 5% 21% 35% Reco nciliation to Non - GAAP Financial Measures