WebBank makes strategic investment in iCreditWorks FinTech platform

“We continue to expand our relationship with WebBank to ensure our alignment and fuel our mission to reinvent POS financing,” said Stephen E. Sweeneypresident and founder of iCreditWorks. “WebBank’s support of our vision is a testament to iCreditWorks omnichannel platform offering and unique market position.”

iCreditWorks believes in responsible lending and only provides access to affordable financing options* that allow consumers to receive 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 are delighted to expand and grow our relationship with iCreditWorks and look forward to our mutual success.

iCreditWorks, represented by Truist Financial, is in the midst of a fundraising at a $200 million valuation to fuel its continued growth in the dental industry and expansion into new verticals.

* All loans issued by WebBank.

About Web Bank

WebBank is a Utah chartered industrial bank headquartered in Salt Lake City, UT. Since its creation in 1997, WebBank has created and financed more than $150 billion in consumer and business credit products. As “The bank behind the brand®“, WebBank is a national issuer of consumer and small business credit products through strategic partner platforms (brands), which include retailers, manufacturers, finance companies and financial technology (FinTech) companies. The Bank is a leading player in the digital lending space, driving innovation in financial products through strategic partner platforms.WebBank engages in a full range of banking activities, including products consumer and commercial lending, 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 credit facilities to strategic partner platforms, credit funds and other lenders with a targeted focus on specialized financial assets. Bank is also a leading provider of commercial insurance premium finance products through its National Partners Subsidiary For more information, please 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, empowering consumers to take control of their financing . The first-of-its-kind iCreditWorks native mobile app delivers a simple, seamless, and secure financing experience that redefines the consumer journey.

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

iCreditWorks
Rich groves
SVP – Professional Affairs
(201) 450-4268
[email protected]

SOURCE iCreditWorks

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