Search Results for "Originate"
8 results for "Originate"
Deals 7
Dave Inc. Announces Letter of Intent for Sponsor Bank Partnership
Dave Inc. announced a letter of intent to enter a strategic partnership with a leading but unnamed sponsor bank. The partnership would enable the bank to originate Dave's products including ExtraCash advances and hold customer deposits. This signals Dave's effort to strengthen its banking infrastructure and regulatory footing.
Medallion Bank Partners With Kashable to Originate Personal Loans
Medallion Bank announced a strategic fintech partnership with Kashable to originate personal loans and expand financial wellness services. The collaboration integrates with HRIS and payroll systems for automated repayments. Kashable leverages Medallion Bank's lending expertise and nationwide footprint to serve working Americans beyond traditional credit scores.
FinWise Bank Partners with Earnest to Originate Private Student Loans
FinWise Bank announced a strategic partnership with Earnest to originate and support Earnest's private student loan portfolio. The deal emphasizes responsible financing with flexible repayment terms and competitive rates. FinWise serves as the originating bank, providing the regulatory infrastructure for Earnest's lending program.
FinWise Bank Partners With Stride Funding on Employer Sponsored Loan Program
FinWise Bank partnered with fintech Stride Funding to launch an Employer Sponsored Loan (ESL) program for students. The program enables employers to sponsor loan products originated by FinWise Bank through Stride's platform. This expands FinWise's BaaS lending partnerships into the education finance space.
Upgrade Reaches 100th Credit Union Partnership for Loan and Card Programs
Fintech Upgrade announced its 100th credit union partnership, enabling credit unions to purchase loans and card receivables originated through Upgrade's platform. Credit unions can enroll new members through the platform under their own brand. The milestone highlights growing adoption of fintech-credit union embedded finance models.
PayPal, Square, and Intuit Approved as Direct PPP Lenders
PayPal, Square, and Intuit were approved by the SBA as direct lenders under the Paycheck Protection Program (PPP) for coronavirus relief. This marked a significant moment in fintech-bank convergence, allowing non-bank fintechs to originate federally guaranteed loans. The approval expanded embedded lending capabilities for these platforms' small business customers.
Originate Secures Investment from Pacific Growth Investors for Financial Software
Originate, a financial services software company, received an undisclosed investment from Pacific Growth Investors. The funding supports working capital and international expansion. Originate builds software that redesigns legacy banking systems through client partnerships, aligning with BaaS infrastructure needs.