Spiral, a New York City-based platform specializing in personalized banking, has announced a partnership with Bravera Bank, a multi-state financial institution serving communities across North Dakota, Montana, and Minnesota. This collaboration aims to enable Bravera Bank to achieve low-cost deposit growth and enhance customer retention by delivering innovative, personalized digital experiences that allow customers to save for financial goals and support local nonprofits.
With the average personal savings rate in the U.
S. remaining below 5%, many Americans face challenges in accumulating financial reserves. Bravera Bank customers will gain access to Spiral’s Savings Center, which facilitates automated savings through customized experiences, including Auto-Savings features and personalized progress monitoring. This platform is designed to simplify and make saving more engaging, whether customers are working toward purchasing a home, launching a business, buying a vehicle, or planning a vacation.
The partnership will allow Bravera Bank to transform routine transactions into savings opportunities and community contributions. Customers can elect to automatically round up daily purchases, directing the spare change toward their personal financial goals or designated charities and community organizations. Additionally, the new Giving Center will provide direct donation capabilities from bank accounts, personalized cause portfolios, charitable impact tracking, and comprehensive donation documentation for tax purposes.
Cill Skabo, Chief Growth Officer at Bravera Bank, stated, “At Bravera, we’re committed to helping customers build financial strength while staying true to our deep community roots. Partnering with Spiral allows us to deliver innovative digital tools that grow savings, boost engagement, and create meaningful community impact.”
Shawn Melamed, CEO of Spiral, commented, “Bravera is pioneering innovative approaches to boost customer savings and community contributions. We’re excited to help more banking institutions accelerate deposit growth, forge deeper customer bonds, and become the cornerstone financial provider in their communities.”
Spiral’s turnkey solutions are designed to integrate with leading digital banking providers and core systems. The company, recognized as a Top 100 Financial Technology Company, empowers financial institutions to help account holders build savings and support communities. Spiral is backed by investors including Team8, Curql, ICBA, Euclidean Capital, Intuition Fund, Communitas Capital, Phoenix, Nidoco AB, and MTVO.
Bravera Bank, with roots dating back to 1906, is an employee- and director-owned company operating as Bravera Holdings Corp., which includes Bravera Bank, Bravera Insurance, and Bravera Wealth. This structure allows the institution to offer a complete suite of financial services. With $3.7 billion in assets and 36 locations across 27 communities, Bravera Bank focuses on fostering financial strength, stability, and growth within the communities it serves across North Dakota, Montana, and Minnesota.
