Evangelist and motivational speaker Nick Vujicic announced he is opening a faith-based online banking service this November following years of planning.

According to CBN News, Vujicic launched a financial service that is friendly to conservatives after he was abruptly debanked about five years ago because he was supporting the pro-life movement.

"I got kicked out of a bank with no warning. They froze my credit cards, froze my debit cards," he said. "They gave me a letter to say that they did a review of me as a client and they don't want anything to do with me."

ProLifeFintech, the name of the new project, is an institution that will "honor God first, serve the people who use our fintech platform, and always choose to support life…All life."

Vujicic plans to give 50 percent of the net profits from his new organization to Judeo-Christian-aligned nonprofit organizations.

Since 2021, he has been working on launching a bank that will support pro-life efforts after learning that many financial institutions donate to organizations that promote abortions. However, it began in March 2019 following an interview where he spoke out against abortion.

"Within 16 weeks of doing that," he noted, "we had a grenade at our house, a false magazine article published against me, a lawsuit threat, a spying drone, and a bank kicked me out."

Vujicic later founded the bank with the help of his friend, Betsy Gray, who has an extensive financial background.

"We all need ProLifeBank now more than ever! We ask for and appreciate your prayers for breakthrough and covering; as you must know, the pushback is tremendous. ProLifeBank is God's bank, and His timing is perfect," Vujicic shared in an update on the progress last year.

In recent years, other multiple conservatives have been targeted by financial institutions in the U.S. and abroad.

In 2023, Barclays Bank in the UK ended up paying nearly $17,000 for closing a Christian charity's account after a three-year legal battle in which it was alleged that the bank succumbed to LGBT activist demands.

Meanwhile, National Committee for Religious Freedom (NCRF), founded by former U.S. Senator and Religious Freedom Ambassador Sam Brownback, was also debanked after the organization sought to open a bank account through JP Morgan Chase in 2022 only to later realize that their account had been closed.

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