FinWise Bancorp (NASDAQ:FINW) is the bank holding company for FinWise Bank, a digital‐first community bank headquartered in Lindon, Utah. The company specializes in providing commercial lending and deposit products to marketplace lending platforms, fintech companies and small to mid‐sized businesses across the United States. FinWise Bancorp operates through its wholly owned subsidiary, FinWise Bank, which is FDIC‐insured and leverages a technology‐driven model to deliver banking services efficiently.
The company’s primary business activities include participant financing arrangements for marketplace lenders and other fintech platforms, as well as direct commercial loans. Its lending portfolio features term loans, revolving lines of credit, construction and development financing, commercial real estate loans and equipment financing. By partnering with digital lenders and marketplace operators, FinWise Bancorp facilitates credit access for borrowers while managing risk through customized loan structures and underwriting practices.
On the deposit side, FinWise Bancorp offers a suite of deposit products designed to support its lending activities and client relationships. These products include interest‐bearing checking accounts, savings accounts, money market accounts, time deposits and treasury management services. The bank’s digital platform provides online and mobile banking functionality, enabling partner organizations and end customers to manage accounts, initiate payments and monitor activity in real time.
Founded in 2008 as a de novo bank, FinWise Bancorp completed its initial public offering in September 2020, aiming to expand its role in the evolving fintech ecosystem. The company is led by Founder and Chief Executive Officer Hamid Majd, whose background in banking and technology underpins FinWise Bancorp’s strategy of blending traditional community banking with modern digital partnerships. The bank serves clients nationwide while maintaining its operational base in Utah.
