Pathward Financial Inc. Builds on Recent Momentum, Progress Toward Enhancing Financial Inclusion
- Pathward Financial announces strategic partnerships with Finix, Propel Holdings, Viridi Energy, American Organic Energy, Avolta, Clair, and Dash Solutions to expand its financial services and sustainability efforts. These collaborations will enhance the company's ability to provide financial access and opportunity to individuals and businesses nationwide. Pathward also achieves Great Place to Work certification.
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In October 2022, the company and its subsidiary, Pathward®, N.A., celebrated the official launch of its new name and brand identity, Pathward. Marked by a new look and feel, the updated branding aims to underscore the organization’s commitment to helping the unbanked, underbanked, and underserved achieve financial mobility.
In the months that followed the unveiling of its new brand, Pathward became a Certified™ Great Place to Work® and announced a series of strategic partnerships. This includes multiple collaborations forged recently, all aimed at helping the company achieve its purpose of providing financial access and opportunity to individuals and businesses alike.
Beginning in May, Pathward announced a partnership with Finix, which launched as a payments processor directly connected to all major
In June, Pathward partnered with Propel Holdings Inc., a fintech company, to launch a new flexible, inclusive line of credit for credit-challenged consumers.
In the weeks that followed, Viridi Energy, a renewable natural gas (RNG) platform, and American Organic Energy – two organizations jointly committed to developing one of the largest food waste-to-RNG projects in
Additionally, Pathward announced a funding partnership with Avolta, a renewable natural gas developer, that led to the building of facilities at two dairy farms in
Collaborations with Clair, a digital banking platform, will allow front-line workers to take free wage advances from Pathward, while receiving access to FDIC-insured Clair Spending and Savings Accounts. Likewise, a five-year extension of its partnership with Dash Solutions, a payments technology provider, will empower Pathward to roll-out a custom payout solution enabling consumers to use or move funds to other accounts they own.
“From day one, we have been laser focused on advancing our purpose of providing financial access to the underserved. These strategic partnerships will supercharge our ability to meet this critical need among individuals and businesses nationwide,” said Pathward Financial and Pathward CEO Brett Pharr. “This focus and determination have created an organization with a stable deposit base, a Commercial Finance portfolio that is equipped to lend in any macroeconomic environment, and a strong liquidity profile, allowing the Company to generate strong results for our shareholders despite recent market trends.”
Beyond helping to advance Pathward’s purpose of advancing financial inclusion, these recent developments will serve to help the company achieve its broader environmental, social and governance (ESG) goals outlined in Pathward’s 2022 ESG Report.
“We couldn’t be more energized by the momentum behind Pathward as we head into the end of the fiscal year. We look forward to building on the progress that we have achieved as we continue to power growth for our core business lines,” noted Pathward Financial and Pathward President Anthony Sharett.
The company will celebrate its achievements over the last 12 months by ringing the closing bell at the NASDAQ MarketSite on Thursday, Aug. 24, at 4 p.m. EDT.
For more information about Pathward, please visit Pathward.com.
About Pathward Financial, Inc.
Pathward Financial, Inc. (Nasdaq: CASH) is a
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Investor Relations Contact
Darby Schoenfeld, CPA
SVP, Investor Relations
877-497-7497
investorrelations@pathward.com
Pathward Media Relations Contact:
Courtney Heidelberg
605-291-7044
mediarelations@pathward.com
Source: Pathward Financial, Inc.
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