Bob Ramsey: Yeah. So, again, we haven’t made public sort of the full economics. And I think once we’ve got the product in market, we can talk — still not at a very detailed level, we can talk more about it. But this is a vast partner that we expect to monetize the relationship both through tech and API related technology fees for the technology services and development that we provide, and also be able to look at some level of monetization off of the account. So, it’s — that’s probably at a very high level way, the way to think about this.
Christopher Sakai: Okay. Thanks. And then, the recently announced collaboration with Helix. Can you provide any color there as far as what will that bring BM Technologies as far as revenue growth?
Luvleen Sidhu: Yeah. I’ll take that one.
Bob Ramsey: Luvleen, yeah, go ahead.
Luvleen Sidhu: Yeah. We’re really excited about this partnership. We, obviously, view ourselves as a top tier banking-as-a-service provider, and we often come head to head with Helix by Q2 as a really solid partner in these processes. And so just firstly, consolidating and partnering with your — you could say biggest competition, I think is a really refreshing way and approach that we’ve taken, because we truly believe, which is your question, that we are stronger together than we are apart. And that is not just in service of our own sort of motivations and business models, but also to serve our partners and banking-as-a-service clients better. And why is that, is because we are very good at technology providing a front end user interface, like a white label app.
We have banking experience, so we have all the operations or the program management, so banking, operations, fraud, managed services, compliance, BSA, AML, customer service, et cetera. And Helix has really great technology on the backend of really enabling banking products to function on the backend in a very modern way. Probably one of the most modern platforms that are available in the market today. And they also being a very large corporation with thousands of employees, billions of dollars evaluation, they’re very large. They have a very large salesforce. And so being able to leverage and benefit from their relationships that are garnered through their salesforce helps build a healthy pipeline for us to both partner on and win together.
So, overall, we’re stronger together than we are apart because of the combination of our technology, program management, and then also being able to benefit from the strong pipeline and increasing business development opportunities. Hope that’s helpful.
Christopher Sakai: Yeah. That’s helpful. Can you mention any color on what type of pipeline that will bring?
Luvleen Sidhu: Yeah. No specific. For us, this is a very — a process that we like to keep sort of behind closed doors, but we’ve been very open about the industries that we find very, very attractive from e-commerce to consumer brands, to grocers, gig economy types of companies to money transmitters, et cetera. So, industry wide, we’re very open to kind of discussing the types of companies where this sort of embedded finance play makes a lot of sense. But providing more color on specific names at this time is difficult to do.
Christopher Sakai: Okay. Thanks for my answers.
Luvleen Sidhu: Thank you.
Operator: Your next question will come from the line of Bill Dezellem with Tieton Capital. Please go ahead.
Bill Dezellem: Thank you. First of all, student account signups being up 11%, particularly given it’s not a high interest rate account, would you talk to us about what led to that success and what, if anything you did different to create that?