Sable
“Can a digital bank onboard immigrants before they arrive in the US and become the default financial platform for newcomers building American credit?”
Founded2017
HQNew York, NY, United States
Latest roundBuyout/LBO (acquired by Snap Finance)
IndustryFintech / Neobank
The story
Sable was founded in 2017 as a digital bank aimed at immigrants and other underserved communities in the US, offering bank accounts and credit cards that could be opened without a US credit history. The company's core proposition was helping newcomers to the US start banking and build credit immediately. Sable was acquired by Snap Finance, ending its run as an independent neobank.
Last 12 months
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Product timeline
2017
Sable founded in New York as a digital bank targeting immigrants and underserved communities, offering bank accounts and credit cards without requiring US credit history.· banking
2021
Launched Sable credit card enabling newcomers to build US credit history.· card
2023
Acquired by Snap Finance.· acquisition
The stack
0 layers disclosed in Sable’s embedded-finance stack
Accounting gap: none