Miami, United States
LOQUAT Inc. is a banking-as-a-service (BaaS) digital platform that aims to provide a simple and secure way for Financial Institutions (FIs) to offer a full digital banking experience to small businesses. Founded in 2018 and headquartered in the United States, Loquat's end-to-end solution enables FIs to open small business accounts, instantly issue debit cards, and underwrite loans in minutes.
Like the Loquat tree, LOQUAT Inc. seeks to help credit unions, regional banks, and community banks extend their branches to their SMB customers to help them bear more 'fruit.' The company is characterized by its social responsibility, transparency, and inclusive approach. LOQUAT Inc. is committed to assisting small business owners from diverse backgrounds, including different ethnic and cultural backgrounds, sexual orientations, and gender identities, in putting their dreams into action.
The company believes that small businesses are the roots of a diverse society that drives innovation forward, and there should be no barriers or limits to their growth. Their focus on the underserved market and commitment to social impact underline their potential for disrupting the financial services, payments, and banking sectors.
