FinWise Bancorp Announces Strategic Lending and Credit Enhanced Balance Sheet Program with Backd to Support Business Owners
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2025
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Source: Globenewswire
FinWise Bancorp and Backd Partnership: FinWise Bancorp has launched a strategic lending program in collaboration with fintech company Backd, aimed at providing business installment loans to small and medium-sized businesses (SMBs) while enhancing capital efficiency through their Credit Enhanced Balance Sheet program.
Backd's Mission and Growth Potential: Backd focuses on empowering SMBs with fast financing solutions, believing that their partnership with FinWise will facilitate growth in the digital lending market, which represents a significant portion of the U.S. GDP.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
