Sunrise Banks
Also a provider — view Sunrise Banks’s profile →“Can a mission-driven community bank scale as a compliant sponsor bank for fintechs without repeating the regulatory failures of other BaaS incumbents?”
Founded1986
HQSt. Paul, Minnesota, USA
FoundersDavid Reiling
IndustryBank / Sponsor
The story
Sunrise Banks is a Minnesota-based community bank and certified B Corp / CDFI that has evolved into one of the notable US sponsor banks for fintechs, running BaaS-style debit, prepaid, FBO, and money-movement programs for partners like Lili and CardCentral. It is now expanding beyond debit/prepaid into secured credit card infrastructure. Unlike neobank-only sponsor banks, Sunrise operates a real community-banking franchise alongside the fintech book, positioning itself as an 'ethical' sponsor with mission-aligned deposits (Net Zero, Community Impact).
Last 12 months
—
Product timeline
1986
Founded as a community bank in Minnesota under David Reiling's leadership.· banking
2008
Became a BIN sponsor for debit card programs (17+ years of experience noted on fintech page).· card
2019
Formalized fintech partnership program as a sponsor bank for money storage, movement, and disbursement use cases.· banking
2024
Expanded sponsor bank offering to include secured credit card infrastructure for fintech partners.· lending
Regulated entities
2
regulatory licences held by Sunrise Banks
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Sunrise Banks’s embedded-finance stack
Payments / PSP
CoCard (merchant services partner)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Card network
in the full report
Lending
in the full report
Sponsor bank
in the full report
Accounting gap: significant
14 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.