Sponsor bank tracked in the Embedded Finance Index. Named by 12 companies, most often as their sponsor bank.
TypeSponsor bank
Used asSponsor bank, Banking-as-a-Service, Lending partner
Rank#19 of 199 in Sponsor Bank
Buyers12 companies
HeadquartersMurray, Utah, United States
Founded2000
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How companies use FinWise Bank
12 companies name FinWise Bank in their stack. The most common role is sponsor bank (12). A company can use the same bank for more than one thing.
Background · from FinWise Bank’s own dossier
Founded 2000 as Utah Community Bank, a traditional community bank in Sandy/Murray, Utah. Rebranded to FinWise Bank and pivoted to sponsor banking — providing balance-sheet, BIN sponsorship, and compliance rails to fintech lending programs. IPO'd on NASDAQ (FINW) in 2021. Today the strategic-programs business (loans originated for fintechs like Backd, and BIN sponsorship for card programs) is the growth engine, layered on top of a small community-bank retail footprint. Recently building out MoneyRails, an in-house payments hub bringing multi-rail money movement under one API.
Recent developments
- 2025-04Announced Strategic Lending and Credit Enhanced Balance Sheet Program with Backd Business Funding for SMB installment loans source ↗
- 2026-07-20Acquired Tallied Technologies' credit card operating platform and related assets, bringing co-branded card issuing and processing fully in-house — application decisioning, issuance, processing, rewards, fraud scoring and compliance. Tallied's engineering and operations team joined FinWise. Expects $4.0M in integration costs over the following year, offset by eliminating third-party vendor costs. source ↗
Who uses FinWise Bank
12 companies disclose FinWise Bank in their stack
Buyer mix · 12 of 12 classified
Fintech / Lending · 8Fintech / Consumer banking · 1Fintech / SMB banking · 1Infrastructure / Card issuing · 1Vertical SaaS / E-learning (LMS) · 1
What the disclosures say
Rise Credit“Bank partnerships with Capital Community Bank and FinWise Bank (from known_customer_listings) serve as sponsor banks for loan origination.”
Mulligan Funding“The majority of loans are issued by FinWise Bank (sponsor bank), but Mulligan operates its own underwriting and origination platform. mulliganfunding.com/business-loan/working-capital-loans/, mulliganfunding.com/mulligan-funding-disclaimers/”
Tallied Technologies“Additionally, FinWise Bancorp announced a program management, network issuer processor, and servicer agreement with Tallied Technologies in October 2025, indicating FinWise Bank is a sponsor/issuing bank partner.”
Stride Funding“Stride Funding Partners with FinWise Bank to Expand Affordable Access to Education (Fintech Futures, October 2022): 'Stride Funding...announced today a partnership with FinWise Bank to provide Income Share Loans (ISLs) and non-cosigner loans to students.' FinWise Bank also publicly lists Stride Funding as a customer at…”
Hank Payments“FinWise Bank partnership press release (March 2024) states FinWise provides ACH origination, wires, check, and bill pay services through Mastercard rails.”
Albert“Instant limits range from $25–$1,000.' Albert.com loan page: 'Loans issued by FinWise Bank.' FinWise Bancorp press release Feb 2026 confirms strategic program agreement with Albert Corporation for short-term personal loans.”
The complete buyer list and each company’s full embedded-finance stack are in the
Embedded Finance Index report. Represent FinWise Bank? Claim this profile above to unlock your own full list.
Sample distribution — illustrative only, not FinWise Bank’s actual buyers.
🇺🇸 United States · 40🇬🇧 United Kingdom · 22🇩🇪 Germany · 14🇮🇳 India · 12🇫🇷 France · 9🇸🇬 Singapore · 7🇦🇺 Australia · 6🇧🇷 Brazil · 5+2 more
What FinWise Bank runs on · from its own dossier
The third-party providers FinWise Bank itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose FinWise Bank.
Other banks in Sponsor Bank
Other banks named for Sponsor Bank in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
Share this rank
An embeddable badge for FinWise Bank’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.
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<img src="https://www.embeddedfinanceindex.com/api/badge/finwise-bank/install" width="1" height="1" alt="" style="display:none">FinWise Bank — frequently asked
Which companies use FinWise Bank?
12 companies are linked to FinWise Bank in the Embedded Finance Index 2026, through their own public disclosures or FinWise Bank's published customer list, including Rise Credit, Mulligan Funding, Tallied Technologies, Stride Funding, Hank Payments, Albert, Plannery, American First Finance, Edly, Reach Financial and 2 others.
What do fintechs use FinWise Bank for?
FinWise Bank is a sponsor bank. Companies in the Embedded Finance Index 2026 name it as their sponsor bank (12), banking-as-a-service (3) and lending partner (2).
Where is FinWise Bank headquartered?
FinWise Bank is founded in 2000 and headquartered in Murray, Utah, United States.
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