Success Stories

M1 Finance

Continuing a remarkable growth story by bringing innovation to retail banking

Chicago, United States

M1 Finance strives to create the world’s leading money-management platform, offering users an innovative suite of digital tools to invest, borrow, spend, and manage funds. Launched in 2015, the online brokerage fintech has achieved remarkable success, with a fivefold increase in assets under management over the last 18 months, and a current market valuation of $1.45 billion. For the next stage of its growth journey, M1 Finance aimed to offer retail banking services to help its 500,000 customers reach their personal finance goals.

To support this ambitious move, the fintech selected the Temenos Banking Cloud, including Temenos Transact and Temenos Payments, to develop and launch new deposits, payments, and lending options. Elastic scalability and a range of open API tools will enable M1 to innovate continuously, deliver a first-class user experience, and scale customer volumes seamlessly—without the costs and complexity of on-premises infrastructure.

“This partnership will help us build a stronger, faster, more secure technology stack that makes investors’ M1 experience even better. Temenos’ open cloud banking platform will enable us to support massive growth and make wealth creation accessible to every American.”

Brian Barnes, Founder & CEO, M1 Finance