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FinWise Bancorp Expands and Further Strengthens Board of Directors

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FinWise Bancorp (NASDAQ: FINW), parent company of FinWise Bank, has expanded its Board of Directors by appointing Susan Ehrlich, effective immediately. Ehrlich brings over 25 years of experience in lending, banking, and payments across fintech, financial services, and retail. She currently serves as Partner of Core Innovation Capital and has previously held board positions at Boeing Employees Credit Union and Petal Card. Ehrlich's expertise includes scaling growth, improving profitability through product innovation, and digital business transformation.

Kent Landvatter, CEO of FinWise, expressed enthusiasm about Ehrlich's appointment, highlighting her wealth of experience in fintech lending and payments, as well as her proven ability to build teams and grow enterprise value. Ehrlich stated her excitement to join the board and contribute to FinWise's continued success in the fintech banking and payments industry.

FinWise Bancorp (NASDAQ: FINW), la società madre di FinWise Bank, ha ampliato il proprio Consiglio di Amministrazione nominando Susan Ehrlich, con effetto immediato. Ehrlich porta con sé oltre 25 anni di esperienza nel settore del prestito, della banca e dei pagamenti nel campo del fintech, dei servizi finanziari e del retail. Attualmente è Partner di Core Innovation Capital e ha ricoperto precedentemente posizioni nel consiglio di amministrazione presso la Boeing Employees Credit Union e Petal Card. L'expertise di Ehrlich include la scalabilità della crescita, il miglioramento della redditività attraverso l'innovazione di prodotto e la trasformazione digitale del business.

Kent Landvatter, CEO di FinWise, ha espresso entusiasmo riguardo alla nomina di Ehrlich, sottolineando la sua vasta esperienza nel prestito fintech e nei pagamenti, nonché la sua comprovata capacità di costruire team e far crescere il valore dell'impresa. Ehrlich ha dichiarato la sua gioia di unirsi al consiglio e di contribuire al continuo successo di FinWise nel settore bancario e dei pagamenti fintech.

FinWise Bancorp (NASDAQ: FINW), la empresa matriz de FinWise Bank, ha ampliado su Junta Directiva al nombrar a Susan Ehrlich, con efecto inmediato. Ehrlich aporta más de 25 años de experiencia en préstamos, banca y pagos en el ámbito del fintech, los servicios financieros y el retail. Actualmente es Socia de Core Innovation Capital y ha ocupado anteriormente puestos en la junta de Boeing Employees Credit Union y Petal Card. La experiencia de Ehrlich incluye escalar el crecimiento, mejorar la rentabilidad a través de la innovación de productos y la transformación digital del negocio.

Kent Landvatter, CEO de FinWise, expresó su entusiasmo por el nombramiento de Ehrlich, destacando su amplia experiencia en préstamos fintech y pagos, así como su capacidad comprobada para crear equipos y aumentar el valor empresarial. Ehrlich expresó su emoción por unirse a la junta y contribuir al continuo éxito de FinWise en la industria de la banca y los pagos fintech.

FinWise Bancorp (NASDAQ: FINW), FinWise Bank의 모회사인 FinWise Bancorp는 Susan Ehrlich를 이사회에 즉시 임명했습니다. Ehrlich는 핀테크, 금융 서비스 및 소매 분야에서 25년 이상의 대출, 은행 및 결제 경험을 가지고 있습니다. 현재 그녀는 Core Innovation Capital의 파트너로 활동하고 있으며, 이전에 Boeing Employees Credit Union과 Petal Card의 이사직을 역임했습니다. Ehrlich의 전문 분야는 성장 규모 확대, 제품 혁신을 통한 수익성 개선 및 디지털 비즈니스 변혁을 포함합니다.

FinWise의 CEO인 Kent Landvatter는 Ehrlich의 임명에 대한 기대감을 표명하며, 그녀의 핀테크 대출 및 결제 분야에서의 방대한 경험과 팀 구축 및 기업 가치를 높이는 검증된 능력을 강조했습니다. Ehrlich는 이사회에 합류하게 된 것에 대한 흥분과 핀테크 은행 및 결제 산업에서 FinWise의 지속적인 성공에 기여하고자 하는 열망을 밝혔습니다.

FinWise Bancorp (NASDAQ: FINW), la société mère de FinWise Bank, a élargi son conseil d'administration en nommant Susan Ehrlich, avec effet immédiat. Ehrlich apporte plus de 25 ans d'expérience dans les prêts, la banque et les paiements dans les domaines des fintechs, des services financiers et du commerce de détail. Elle est actuellement partenaire chez Core Innovation Capital et a précédemment occupé des postes au conseil d'administration de Boeing Employees Credit Union et de Petal Card. L'expertise d'Ehrlich comprend l'échelle de la croissance, l'amélioration de la rentabilité grâce à l'innovation produit et la transformation numérique des entreprises.

Kent Landvatter, PDG de FinWise, a exprimé son enthousiasme concernant la nomination d'Ehrlich, soulignant sa vaste expérience dans les prêts fintech et les paiements, ainsi que sa capacité avérée à constituer des équipes et à accroître la valeur de l'entreprise. Ehrlich a déclaré être ravie de rejoindre le conseil et de contribuer au succès continu de FinWise dans l'industrie de la banque fintech et des paiements.

FinWise Bancorp (NASDAQ: FINW), das Mutterunternehmen der FinWise Bank, hat seinen Vorstand durch die sofortige Ernennung von Susan Ehrlich erweitert. Ehrlich bringt über 25 Jahre Erfahrung in den Bereichen Kreditvergabe, Bankwesen und Zahlungen in den Bereichen Fintech, Finanzdienstleistungen und Einzelhandel mit. Derzeit ist sie Partnerin bei Core Innovation Capital und hat zuvor Positionen im Vorstand der Boeing Employees Credit Union und der Petal Card innegehabt. Ehrlichs Expertise umfasst das Skalieren von Wachstum, die Verbesserung der Rentabilität durch Produktinnovation und die digitale Transformation von Unternehmen.

Kent Landvatter, CEO von FinWise, drückte seine Begeisterung über die Ernennung von Ehrlich aus und hob ihre umfangreiche Erfahrung im Fintech-Kreditwesen und Zahlungsverkehr sowie ihre nachweisliche Fähigkeit hervor, Teams aufzubauen und den Unternehmenswert zu steigern. Ehrlich äußerte ihre Begeisterung, dem Vorstand beizutreten und zum anhaltenden Erfolg von FinWise in der Fintech-Banken- und Zahlungsbranche beizutragen.

Positive
  • Appointment of Susan Ehrlich to the Board of Directors, bringing 25+ years of industry experience
  • Ehrlich's expertise in scaling growth and improving profitability through product innovation
  • Potential for enhanced governance and strategic direction with Ehrlich's fintech and payments background
Negative
  • None.

- Appoints Susan Ehrlich to Board -

MURRAY, Utah, July 22, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced the expansion of its Board of Directors by appointing Susan Ehrlich to the Company’s Board, effective immediately. Ms. Ehrlich has also been appointed to the Bank’s Board of Directors.

Ms. Ehrlich brings over 25 years of experience and successful achievements in lending, banking and payments across fintech, financial services and retail. She has a proven record of scaling growth and improving profitability through product innovation and digital business transformation. She currently serves as Partner of Core Innovation Capital, an early-stage fintech venture capital firm. Ms. Ehrlich has also served on the Board of Directors for the Boeing Employees Credit Union (BECU), and Petal Card, a startup fintech which recently sold to Empower. She has also served as the Board Chair of the Financial Health Network (formerly CFSI) and was a member of the Consumer Advisory Council of the Federal Reserve in Washington. Ms. Ehrlich holds a B. A. with honors from Brown University and an M.B.A. from the Harvard Business School.

Kent Landvatter, Chief Executive Officer of FinWise commented, "We are thrilled to welcome Susan to our Board of Directors. Susan brings a wealth of experience in fintech lending and payments, as well as hands-on experience operating in fast-paced, technology-driven organizations. Susan has demonstrated a proven ability to build teams and grow enterprise value, all of which will be instrumental for our ongoing governance process."

"I am excited to join the FinWise Board of Directors and contribute to the Company's continued success," said Ms. Ehrlich. "FinWise is at the forefront of innovation in the fintech banking and payments industry, and I look forward to working with the team to drive growth and create value for our shareholders."

About FinWise Bancorp

FinWise provides Banking and Payments solutions to fintech brands. 2024 is a key expansion year for the Company, as it diversifies its business model by launching and incorporating Payments Hub and BIN Sponsorship offerings into its current platforms.

Its existing Strategic Program Lending business, done through scalable API-driven infrastructure, powers deposit, lending and payments programs for leading fintech brands. In addition, FinWise manages other Lending programs such as SBA 7(a), Real Estate, and Leasing, which provide optionality for disciplined balance sheet growth.

Through its compliance oversight and risk management-first culture, the Company is also well positioned to guide fintechs through a rigorous process to facilitate regulatory compliance.

Contacts

investors@finwisebank.com 
media@finwisebank.com


FAQ

Who is the new board member appointed to FinWise Bancorp (FINW)?

Susan Ehrlich has been appointed to the Board of Directors of FinWise Bancorp (NASDAQ: FINW) and FinWise Bank, effective July 22, 2024.

What experience does Susan Ehrlich bring to FinWise Bancorp's (FINW) board?

Susan Ehrlich brings over 25 years of experience in lending, banking, and payments across fintech, financial services, and retail. She has expertise in scaling growth, improving profitability through product innovation, and digital business transformation.

What is Susan Ehrlich's current role outside of FinWise Bancorp (FINW)?

Susan Ehrlich currently serves as Partner of Core Innovation Capital, an early-stage fintech venture capital firm.

How does FinWise Bancorp (FINW) expect to benefit from Susan Ehrlich's appointment?

FinWise Bancorp expects to benefit from Susan Ehrlich's wealth of experience in fintech lending and payments, her ability to build teams and grow enterprise value, and her expertise in fast-paced, technology-driven organizations.

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