FinWise Bancorp Acquires Tallied Technology Platform, Bringing End-to-End Credit Card Issuing and Processing In-House
FinWise Bancorp acquired the Tallied Technologies platform to bring its end-to-end credit card issuing and processing technology in-house. The transaction moves approximately $50 million of credit card receivables onto the company's balance sheet and is expected to incur roughly $4 million in integration costs over the next year.
Key figures
- Guidance
- prior guidance of approximately $217 million in credit-enhanced balances by end of 2026 no longer applies
- Integration costs
- 4000000
- Receivables conversion
- 50000000
AI analysis
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