WebBank makes a strategic investment in the FinTech platform iCreditWorks

Online banking, a Utah-chartered industrial bank, makes a strategic investment in iCreditWorks on one $ 200 million valuation to support the platform’s continued commercial growth

ISELIN, NJ, June 13, 2022 / PRNewswire / – iCreditWorks, one of the fastest growing FinTech platforms in the United Statesannounced today that they have accepted a strategic investment from WebBank on a $ 200 million valuation. The investment will allow iCreditWorks to accelerate the commercial growth of its omni-channel platform, which has the first-in-market, native mobile app in the “Point-of-Sale” (POS) sector.

“We continue to expand our relationship with WebBank to ensure that we are in line and to pursue our mission to reimagine POS financing,” so Stephen E. SweeneyChairman and Founder of iCreditWorks. “WebBank’s support for our vision is a testament to iCreditWorks’ omni-channel platform offering and its unique market position.”

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

“We made this investment in iCreditWorks to support the vision and innovation of their platform,” so Jason Lloyd, President and CEO of WebBank. “We are excited to expand and expand our relationship with iCreditWorks and look forward to our mutual success.“

iCreditWorks, represented by Truist Financial, is in the midst of a capital raising of one $ 200 million valuation to drive its continued growth in the dental sector and expansion into new verticals.

* All loans issued by WebBank.

About online banking

WebBank is one Utah chartered Industrial Bank with headquarters in Salt Lake City, Utah. Since its inception in 1997, WebBank has been established and financed $ 150 billion in consumer and commercial credit products. As “The bank behind the brand^®“, WebBank is a national issuer of credit products for consumers and small businesses through Strategic Partner (Brand) platforms, which include retailers, manufacturers, finance companies and financial technology companies (FinTech). The bank is a leading player in the digital lending field., Which drives innovation WebBank engages in a wide range of banking activities, including consumer and commercial lending products, revolving credit lines, credit cards, private label issuance, auto financing, and more. strategic partner platforms, credit funds and other lenders with a focused focus on special financing funds The bank is also a leading supplier of commercial insurance premium financing products through its wholly owned subsidiaries National Partners. For more information, please visit www.webbank.com.

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About iCreditWorks

iCreditWorks leverages innovative technology and mobility to deliver an omnichannel platform experience that provides access to a broad suite of Point-Of-Sale (POS) financing products, enabling consumers to take control of their financing. The first of its kind iCreditWorks mobile app provides 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]

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SOURCE iCreditWorks