FinWise Bancorp Announces Strategic Lending and Credit Enhanced Balance Sheet Program with Backd to Support Business Owners
FinWise Bancorp has announced a new strategic partnership with fintech company Backd Business Funding to provide business installment loans to small and medium-sized (SMB) businesses. The collaboration includes access to FinWise's Credit Enhanced Balance Sheet program, offering capital efficiency and funding source diversification.
Backd, established in 2019, has demonstrated success in sectors like healthcare and e-commerce. The company serves the SMB market, which represents nearly 44% of overall GDP and approximately $734 billion of the digital lending and credit market. Through this partnership, Backd aims to scale its operations while leveraging FinWise's regulatory expertise.
The partnership highlights FinWise's multi-product offering capabilities and innovative lending solutions, with both companies expressing enthusiasm about the collaboration's potential impact on SMB financing.
FinWise Bancorp ha annunciato una nuova partnership strategica con la società fintech Backd Business Funding per offrire prestiti rateali alle piccole e medie imprese (PMI). La collaborazione prevede l'accesso al programma Credit Enhanced Balance Sheet di FinWise, che garantisce efficienza del capitale e diversificazione delle fonti di finanziamento.
Backd, fondata nel 2019, ha ottenuto risultati positivi in settori come la sanità e l'e-commerce. L'azienda serve il mercato delle PMI, che rappresenta quasi il 44% del PIL complessivo e circa 734 miliardi di dollari nel mercato del credito e dei prestiti digitali. Grazie a questa partnership, Backd punta a espandere le proprie attività sfruttando l'esperienza regolatoria di FinWise.
La collaborazione mette in luce la capacità di FinWise di offrire prodotti multipli e soluzioni di prestito innovative, con entrambe le aziende entusiaste riguardo al potenziale impatto sul finanziamento delle PMI.
FinWise Bancorp ha anunciado una nueva alianza estratégica con la empresa fintech Backd Business Funding para ofrecer préstamos a plazos a pequeñas y medianas empresas (PYMES). La colaboración incluye acceso al programa Credit Enhanced Balance Sheet de FinWise, que ofrece eficiencia de capital y diversificación de fuentes de financiamiento.
Backd, fundada en 2019, ha demostrado éxito en sectores como la salud y el comercio electrónico. La compañía atiende al mercado de PYMES, que representa casi el 44% del PIB total y aproximadamente 734 mil millones de dólares en el mercado de préstamos y crédito digital. A través de esta alianza, Backd busca escalar sus operaciones aprovechando la experiencia regulatoria de FinWise.
La asociación resalta las capacidades de FinWise para ofrecer múltiples productos y soluciones innovadoras de préstamo, con ambas empresas mostrando entusiasmo por el impacto potencial en la financiación de las PYMES.
FinWise Bancorp는 핀테크 기업 Backd Business Funding과 중소기업(SMB)을 위한 할부 대출 제공을 위한 새로운 전략적 파트너십을 발표했습니다. 이 협력에는 자본 효율성과 자금원 다변화를 제공하는 FinWise의 신용 강화 대차대조표 프로그램에 대한 접근이 포함됩니다.
2019년에 설립된 Backd는 헬스케어 및 전자상거래 분야에서 성공을 입증했습니다. 이 회사는 전체 GDP의 약 44%와 디지털 대출 및 신용 시장 약 7,340억 달러를 차지하는 SMB 시장을 대상으로 합니다. 이번 파트너십을 통해 Backd는 FinWise의 규제 전문성을 활용하여 운영을 확장할 계획입니다.
이번 협력은 FinWise의 다중 제품 제공 능력과 혁신적인 대출 솔루션을 강조하며, 양사는 SMB 금융에 미칠 잠재적 영향에 대해 큰 기대를 나타냈습니다.
FinWise Bancorp a annoncé un nouveau partenariat stratégique avec la société fintech Backd Business Funding afin de proposer des prêts à tempérament aux petites et moyennes entreprises (PME). Cette collaboration inclut l'accès au programme Credit Enhanced Balance Sheet de FinWise, offrant une efficacité du capital et une diversification des sources de financement.
Backd, fondée en 2019, a démontré son succès dans des secteurs tels que la santé et le commerce électronique. L'entreprise dessert le marché des PME, qui représente près de 44 % du PIB global et environ 734 milliards de dollars du marché du crédit et des prêts numériques. Grâce à ce partenariat, Backd vise à étendre ses opérations tout en tirant parti de l'expertise réglementaire de FinWise.
Le partenariat met en avant les capacités de FinWise à offrir une gamme de produits et des solutions de prêt innovantes, avec les deux entreprises exprimant leur enthousiasme quant à l'impact potentiel sur le financement des PME.
FinWise Bancorp hat eine neue strategische Partnerschaft mit dem Fintech-Unternehmen Backd Business Funding bekannt gegeben, um kleinen und mittleren Unternehmen (KMU) Ratenkredite anzubieten. Die Zusammenarbeit umfasst den Zugang zu FinWises Credit Enhanced Balance Sheet-Programm, das Kapital Effizienz und Diversifizierung der Finanzierungsquellen bietet.
Backd, gegründet 2019, hat Erfolge in Branchen wie Gesundheitswesen und E-Commerce vorzuweisen. Das Unternehmen bedient den KMU-Markt, der fast 44 % des gesamten BIP und etwa 734 Milliarden US-Dollar des digitalen Kredit- und Darlehensmarktes ausmacht. Durch diese Partnerschaft will Backd seine Aktivitäten ausweiten und dabei von FinWises regulatorischer Expertise profitieren.
Die Partnerschaft unterstreicht FinWises Fähigkeit, mehrere Produkte und innovative Kreditlösungen anzubieten, wobei beide Unternehmen ihre Begeisterung über die potenziellen Auswirkungen auf die KMU-Finanzierung zum Ausdruck bringen.
- New strategic lending program launch with fintech Backd expands FinWise's SMB lending portfolio
- Access to Credit Enhanced Balance Sheet program provides capital efficiency and funding diversification
- Partnership targets SMB market representing 44% of GDP and $734B digital lending opportunity
- Multi-product offering strengthens FinWise's position in fintech partnerships
- None.
Insights
FinWise expands revenue potential through strategic SMB lending partnership with Backd, targeting $734B market while enhancing balance sheet efficiency.
The new strategic lending partnership between FinWise Bancorp and fintech company Backd Business Funding represents a dual expansion opportunity for the bank. This arrangement allows FinWise to provide business installment loans to small and medium-sized businesses (SMBs) while also leveraging its Credit Enhanced Balance Sheet program with Backd.
This partnership strategically positions FinWise to tap into the SMB market, which according to the release represents nearly
The Credit Enhanced Balance Sheet program mentioned in the announcement offers three key advantages: capital efficiency for strategic programs, diversification of funding sources, and extended reach of warehouse facilities. While specific mechanics aren't detailed, these benefits suggest a sophisticated approach to balance sheet management that could optimize capital utilization.
For FinWise, this partnership represents product diversification within their lending portfolio and aligns with the growing trend of bank-fintech collaborations to reach new market segments. While the announcement doesn't provide specific revenue projections or implementation timelines, the significant size of the addressable market presents meaningful growth potential for FinWise's lending operations.
MURRAY, Utah, April 29, 2025 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced the launch of a new strategic lending program with leading fintech Backd Business Funding (“Backd”). Since its inception in 2019, Backd’s highly rated and experienced team has utilized an efficient and user-friendly process to support business owners with lending solutions best suited for their needs.
FinWise, through its relationship with Backd, will provide business installment loans to small and medium-sized (“SMB”) businesses. FinWise will also provide Backd with access to its Credit Enhanced Balance Sheet program, which benefits strategic programs through capital efficiency, allows them to diversify their sources of funding and extends the reach of their warehouse facilities.
“Backd continues to make strides in its mission to empower SMBs across the U.S. to achieve their greatest potential through fast and easy financing solutions. This lending and Credit Enhanced Balance Sheet partnership with FinWise gives us an opportunity to continue to scale and grow our business while ensuring deep regulatory expertise and guidance,” said Xan Myburgh, Backd’s CEO & Co-Founder. “We have proven success in multiple sectors including healthcare and e-commerce and believe we have a substantial runway for growth as the SMB population makes up nearly
Robert Keil, EVP and Chief Fintech Officer of FinWise commented, “We are thrilled that Backd chose FinWise to augment their thriving business by using both our Strategic Lending and Credit Enhanced Balance Sheet programs. The trust that they have placed in us is a testament to the strength of the FinWise multi-product offering and the innovative lending products that we deliver to our strategic partners.”
About Backd
Backd was founded to support relentless entrepreneurs—the true “men and women in the arena”—who build, innovate, and push their businesses forward. Backd provides fast, flexible financing to help business owners overcome critical financial challenges.
Backd believes courage, resilience, and ambition drive success. When financial resources make the difference between opportunity and setback, Backd bridges the gap with tailored funding solutions, keeping businesses moving forward.
Rooted in respect and partnership, Backd understands the challenges entrepreneurs face. With transparency, integrity, and a commitment to growth, obstacles are tackled head-on. As risks are taken and perseverance is tested in the arena, Backd stands beside business owners at every vital step.
https://www.backd.com/
About FinWise
FinWise provides Banking and Payments solutions to fintech brands. Its existing Strategic Program Lending business, conducted through scalable API-driven infrastructure, powers deposit, lending and payments programs for leading fintech brands. As part of Strategic Program Lending, FinWise also provides a Credit Enhanced Balance Sheet Program, which addresses the challenges that lending and card programs face securing warehouse facilities and managing capital requirements. In addition, FinWise manages other Lending programs such as SBA 7(a), Owner Occupied Commercial Real Estate, and Leasing, which provide flexibility for disciplined balance sheet growth. The Company is also expanding and diversifying its business model by incorporating Payments (MoneyRails ™) and BIN Sponsorship offerings. Through its compliance oversight and risk management-first culture, the Company is well positioned to guide fintechs through a rigorous process to facilitate regulatory compliance.
Contacts
investors@finwisebank.com
media@finwisebank.com
info@backd.com
marketing@backd.com
FAQ
What is the new strategic partnership between FinWise Bank (FINW) and Backd in 2025?
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What is the market opportunity for FinWise (FINW) and Backd's SMB lending partnership?
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