WebBank
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About WebBank
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Salt Lake City, Utah
Founded
1997
Overview
Simplify's Take
What believers are saying
- WebBank's BNPL partnership with Sezzle could increase market share and customer base.
- Employment-based loans with BMG Money enhance WebBank's reputation for financial inclusion.
- Malin Eriksson's addition to the board may bring strategic insights to WebBank.
What critics are saying
- Increased BNPL competition may impact WebBank's market share and profitability.
- WebBank's fortunes are closely tied to Sezzle's performance, posing potential risks.
- Decline in FinTech IPO Index signals challenges for BNPL firms, affecting WebBank.
What makes WebBank unique
- WebBank's exclusive partnership with Sezzle enhances its BNPL market presence.
- Collaboration with BMG Money expands WebBank's reach in employment-based loans.
- Ken Laudano's appointment strengthens WebBank's credit structuring and risk management.
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Benefits
Flexible Work Hours
Paid Vacation
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Life Insurance
Disability Insurance
Tuition Reimbursement
Company News
Backcountry, an online outdoor equipment and cycling retailer, has launched a partnership with Sezzle. The collaboration lets customers take advantage of Sezzle’s buy now, pay later (BNPL) financing when shopping Backcountry’s online and in-store brands, including Steep Cheap, Competitive Cyclist and MotoSport, the companies said Monday (Nov. 11). “Sezzle stood out as the partner that could truly help us to meet the needs of our diverse customer base,” Kevin Lenau, Backcountry’s chief financial officer, said in a news release
Shoplazza merchants doing business in the United States will be able to offer buy now, pay later (BNPL) options through Sezzle. This offering follows a new partnership between Sezzle, a provider of flexible payment options, and Shoplazza, an eCommerce platform used by thousands of merchants doing business in the U.S., the companies said in a Thursday (Oct. 24) press release. The merchants will be able to meet consumers’ demands for alternative payment methods by integrating Sezzle BNPL service and offering Pay in 4 and Pay in 2 loans issued by WebBank, according to the release
Even a surge in Asia-based firms — a continuation of rallies seen in the wake of macro stimulus packages in China — were not enough to boost the fortunes of the FinTech IPO Index. The overall group was down 6.3% through the week. As for the names outside the U.S. that had rocketed up, though without company specific news, 9F Group surged 79%, and AMTD Digital gathered roughly 60%, followed by OneConnect, which gained 57.3%
Buy now, pay later (BNPL) firm Sezzle plans to have WebBank serve as its exclusive bank to originate and finance products offered through the Sezzle platform, including its Pay-in-2 and Pay-in-4 products. The two companies entered into a strategic partnership program by executing a loan and receivables sale agreement and marketing and servicing agreement on Monday (Aug. 6), Sezzle said in a Wednesday (Aug. 28) filing with the Securities and Exchange Commission. Subject to completion of confirmatory testing and procedures, the program is expected to launch in September, according to the filing
Sezzle Inc. has entered into a five-year strategic partnership with WebBank, beginning a program where WebBank will exclusively originate and finance Sezzle's payment products, including installment and subscription services.
WebBank is Hiring for 5 Jobs on Simplify!
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About WebBank
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
N/A
Total Funding
N/A
Headquarters
Salt Lake City, Utah
Founded
1997
WebBank is Hiring for 5 Jobs on Simplify!
Find jobs on Simplify and start your career today