WebBank makes a strategic investment in FinTech platform iCreditWorks

“We continue to expand our relationship with WebBank to ensure our alignment and advance our mission to reinvent POS finance.” said Stephen E SweeneyChairman and Founder of iCreditWorks. “WebBank’s support of our vision is a testament to iCreditWorks’ omnichannel platform offering and its unique position in the marketplace.”

iCreditWorks believes in responsible lending and only provides access to affordable financing options* that allow consumers to get the care they deserve.

“We made this investment in iCreditWorks to support their platform’s vision and innovation,” said Jason Lloyd, President and CEO of WebBank. “We look forward to growing and growing our relationship with iCreditWorks and look forward to our mutual success.

iCreditWorks, represented by Truist Financial, is in the midst of a capital increase at a 200 million dollars Rating to drive continued growth in the dental sector and expansion into new industries.

* All loans issued by WebBank.

About WebBank

WebBank is a Utah Chartered Industrial Bank headquartered in Salt Lake City, Utah. Since its inception in 1997, WebBank has emerged and funded over $150 billion in consumer and business credit products. As “The bank behind the brand®“, WebBank is a national issuer of consumer and small business lending products through platforms of strategic partners (brands) that include retailers, manufacturers, financial firms and financial technology (FinTech) companies. The bank is a leading player in digital lending that is innovating in financial products through strategic partner platforms.WebBank engages in a full range of banking activities, including consumer and commercial lending products, revolving lines of credit, credit cards, private label card issuance, automatic refinancing and more.The Bank provides capital in the form of asset-backed loans and other lending facilities to strategic partner platforms, debt funds and other lenders with a specific focus on specialty financing assets. The Bank is also a leading provider of premium financing through its 100% ownership commercial insurance products subsidiary Nationale Partner. For more information, visit www.webbank.com.

About iCreditWorks

iCreditWorks leverages innovative technology and mobility to deliver an omnichannel platform experience that provides access to a wide range of point-of-sale (POS) financing products and empowers consumers to take control of their financing. The first-of-its-kind native mobile iCreditWorks app offers a simple, seamless, and secure financing experience that redefines the customer journey.

To learn more about the company, please visit www.icreditworks.com.

rich groves
SVP – Professional matters
(201) 450-4268
[email protected]

SOURCE iCreditWorks

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