WebBank
WebBank is a Utah-chartered industrial bank that issues consumer and small-business credit products as the originating/issuing bank behind 25+ consumer and ~9 business brand partner platforms — including Klarna, PayPal, Prosper, Sezzle, Gemini, and Shopify — while also offering FDIC-insured deposits and asset-based lending facilities.
- Company typePrivate
- Founded1997
- HeadquartersSalt Lake City, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What WebBank does
WebBank is a Utah-chartered industrial bank founded in 1997 and headquartered in Salt Lake City, with a secondary office in Summit, New Jersey and a deposit-operations mailing presence in Portsmouth, New Hampshire. It operates under the registered positioning "The Bank Behind The Brand®" and is a wholly owned subsidiary of Steel Partners Holdings L.P. (NYSE: SPLP). The bank is a national issuer of consumer and small-business credit products, originating and funding loans and cards through 25+ consumer Brand Partner platforms and ~9 business Brand Partner platforms — including Klarna, PayPal, Sezzle, Prosper, Gemini, BMG Money, Avant, Petal/Tilt, Fingerhut, Mission Lane, OneMain, Oportun, Zip, Yamaha Motor Finance, Dell, Shopify, Toast, BILL, and others — without directly marketing credit to end users.
Its revenue model spans four streams: (1) origination and issuance economics on partner-branded credit cards, installment loans, BNPL, lines of credit, and SMB financing (typical Asset Finance commitments of $30–$60M); (2) net interest margin on consumer deposits via FDIC-insured Certificates of Deposit and Savings Accounts sold direct-to-consumer at webbank.com and now also through white-label deposits like the Klarna High-Yield Savings Account; (3) commercial insurance premium finance revenue through its wholly owned subsidiary National Partners, which runs on Input 1's PBS and Payments technology stack; and (4) asset-based lending and warehouse/back-leverage facilities to specialty finance originators and credit funds via its unified Asset Finance business. Cumulative originations surpassed $273 billion as of June 2026.
The technology stack is digital-first and partner-bank oriented, led by an SVP/CTO and SVP of Technology Enablement, with proprietary/early-mover capabilities including (i) the first regulated U.S. bank pilot to settle card payments via Ripple's RLUSD stablecoin on the XRP Ledger, (ii) embedded Pagaya AI underwriting at Sezzle's point of sale, (iii) adoption of Sedric's AI-powered compliance platform for marketing review across the partner ecosystem, and (iv) a pilot of Spring Labs' Zanko agentic AI for complaints, QA, and disputes. The bank holds a Utah industrial bank charter with FDIC insurance and Member FDIC/Equal Housing Lender designations, with documented compliance programs across UIGEA, USA PATRIOT Act, GLBA, BSA, ECOA/Regulation B, FCRA, and CCPA/CPRA.
WebBank firmographics
Firmographics- Name
- WebBank
- Legal name
- WebBank
- Website
- https://webbank.com
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- WebBank is a Utah-chartered industrial bank that issues consumer and small-business credit products as the originating/issuing bank behind 25+ consumer and ~9 business brand partner platforms — including Klarna, PayPal, Prosper, Sezzle, Gemini, and Shopify — while also offering FDIC-insured deposits and asset-based lending facilities.
- Ownership category
- akta.pro rank
WebBank industry classification
Industry- Product category
- Sponsor Banking / Embedded Lending
- NAICS
- Credit Card Issuing (52221), Credit Intermediation and Related Activities (522), Commercial Banking (522110), Sales Financing (52222)
- SIC
- National Commercial Banks (6021), Personal Credit Institutions (6141), Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)
- akta.pro secondary industries
- BNPL Consumer Apps & Wallets (Discovery, Management) (FSAGAIAG), Consumer & Retail (CPG, Food, Apparel) (FSABACAM), Prepaid Card Program Managers & Issuers (BIN Sponsors) (FSAMANAK)
Keywords
Where WebBank is headquartered
LocationHeadquarters
- HQ city
- Salt Lake City
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
WebBank business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Loan Origination & Credit Product Issuance: As a national issuer of consumer and small business credit products, WebBank originates and funds loans and credit cards through Strategic Partner (Brand) platforms — generating interest income and origination-related revenue on the credit products it issues. Loan commitments in Asset Finance typically range $30–$60 million.
- Asset-Based Lending & Credit Facilities: WebBank provides asset-based lending and other credit facilities to Strategic Partner platforms, credit funds, and other lenders with a targeted focus on specialty finance assets. The newly unified Asset Finance team delivers warehouse facilities, back-leverage solutions, and structured credit offerings across consumer and commercial asset classes.
- Commercial Insurance Premium Finance: WebBank generates revenue through National Partners (a wholly owned subsidiary), a nation-wide premium finance company that provides commercial insurance premium financing and funding programs to third-party premium finance companies, agents, brokers, and MGAs.
- Consumer Deposit Net Interest Margin: WebBank accepts consumer deposits through FDIC-insured Savings Accounts and Certificates of Deposit (3-month to 5-year terms), earning net interest margin on deposit funding. WebBank CDs and savings accounts are FDIC insured up to the maximum allowed by law.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Savings Account (WebBank direct consumer) — 0.25% APY, $1,000 minimum balance, no monthly fee, variable rate |
| Other | Multi-year contract | 3-Month CD — 3.86% APY, $2,500 minimum |
| Other | Multi-year contract | 6-Month CD — 3.86% APY, $2,500 minimum |
| Other | Multi-year contract | 1-Year CD — 3.96% APY, $2,500 minimum |
| Other | Multi-year contract | 2-Year CD — 0.25% APY, $2,500 minimum |
| Other | Multi-year contract | 3-Year CD — 0.25% APY, $2,500 minimum |
| Other | Multi-year contract | 5-Year CD — 0.25% APY, $2,500 minimum |
| Other | Pay-as-you-go | WebBank Fee Schedule — ACH free, Outgoing Wire $25, Paper Statement $5 |
| Other | Multi-year contract | Asset Finance credit facilities — not publicly disclosed (typically $30–$60M commitments) |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels6 records
WebBank product offering
Product offeringCore offering
WebBank is a Utah-chartered Industrial Bank that operates as "The Bank Behind The Brand®," originating and issuing consumer and small business credit products (credit cards, installment loans, BNPL, lines of credit) on behalf of Strategic Partner platforms including fintechs, retailers, manufacturers, SaaS companies, and finance firms. It also provides asset-based lending and credit facilities to specialty finance companies and credit funds, sells FDIC-insured consumer deposits (Certificates of Deposit and Savings Accounts) directly to U.S. consumers, and operates a wholly owned premium finance subsidiary (National Partners).
Product overview
WebBank operates a platform-plus-modules architecture positioned as "The Bank Behind The Brand." The core offering is a partner-bank origination, servicing, and balance-sheet platform that powers credit products issued in the name of fintech, lender, and merchant brand partners across consumer and small business segments, plus direct-to-consumer deposit products (Certificates of Deposit in 3/6/12/24/36/60-month terms and Savings Accounts) and a dedicated Asset Finance business (Lender Finance, Partner Finance, and asset-backed warehouse facilities for credit funds). The personal-credit product modules — including Imagine Card, Aqua Home Improvement Loans, Avant Personal Loans & Credit Card, BMG Money Loans, Cleo Credit Builder Card, Exchange Installment Loans, Dignifi Auto-Repair Loans, Fingerhut Fetti Credit Account and FreshStart installment loan, Gemini Credit Card, iCreditWorks Dental Loans, Klarna Card and Klarna Monthly Financing, Lane Health HSA Advance, Mission Lane Visa, Mosaic Home Improvement/Solar Loans, OneMain Brightway, Oportun Visa, PayPal Pay Monthly, Petal Visa, Prosper Personal Loans, Reprise Financial Personal Loans, Scratchpay Credit Account, Sezzle Installment Loans, Tilt Credit Card, Yamaha Powersports Credit Card, and Zip consumer loans and Zip Card — are extensions of this core issuing platform. The business-credit product modules — BILL Invoice Financing, CAN Capital Business Financing, Capital on Tap Business Credit Card, Dell Business Credit, Libertas Funding Small Business Loans, PayPal Working Capital, PayPal Business Loan, PayPal Loan Builder, PayPal Business Cashback Mastercard, PEAC Working Capital Loans, Shopify Capital, and Toast Capital Loans — serve the SMB and merchant financing segment on the same issuing backbone. Asset categories financed span auto, commercial insurance premium, consumer litigation finance, credit card, floorplan loans, home improvement, invoice financing, merchant cash advances, middle market loans, payroll deduction loans, personal loans, point-of-sale finance, powersports, secured card, small ticket equipment, SMB loans, student loans, trade receivables, and wage advance. National Partners, WebBank's subsidiary, adds a commercial insurance premium finance module. Klarna's high-yield savings account, issued by WebBank, extends the platform into consumer deposits.
Differentiator
Problem solved
Functional benefit
Brands
- National Partners: Wholly-owned subsidiary providing commercial insurance premium finance products to businesses, working through commercial insurance agent and broker relationships.
Products and services
- Strategic Partnership Consumer Credit Products Consumer credit products — including Visa and Mastercard credit cards, charge cards, closed-end installment loans, BNPL financing, revolving credit accounts, and credit-builder cards — originated and issued by WebBank in the names of Strategic Partner platforms such as Klarna, Sezzle, PayPal, Prosper, Avant, Petal, Tilt, Fingerhut, Mission Lane, OneMain, Oportun, Gemini, Zip, Yamaha, Mosaic, Cleo, Aqua Finance, DigniFi, iCreditWorks, Collective Liquidity, Atlanticus, Lane Health, BMG Money, Reprise Financial, and Scratchpay. Each partner owns the customer-facing experience while WebBank provides the regulated banking infrastructure, FDIC-insured deposit funding, and compliance.
- Strategic Partnership Business Credit Products Small business credit products — working capital loans, merchant cash advances, business installment loans, business credit cards, invoice financing, revolving business credit lines, and equipment loans — originated and issued by WebBank through Business Brand Partner platforms such as PayPal, Shopify, Toast, Dell Financial Services, BILL, CAN Capital, Capital on Tap, Libertas Funding, and PEAC Solutions. PayPal's programs alone have served 420,000+ business accounts since 2013.
- Asset Finance Credit Facilities Senior secured, asset-backed credit facilities, warehouse facilities, back-leverage solutions, and structured credit offerings provided by WebBank to Strategic Partners, credit funds, and other lenders focused on specialty finance assets. Typical loan commitments range from $30–$60 million, with larger syndicated solutions available for established companies. Categories financed include consumer installment loans, lines of credit, credit cards, BNPL, SMB loans, merchant cash advances, equipment loans, and trade receivables.
- WebBank Certificates of Deposit (CDs) FDIC-insured Certificates of Deposit issued directly by WebBank to U.S. consumers, with terms of 3, 6, 12, 24, 36, and 60 months. Interest is compounded daily with no monthly fees, and balances are insured up to the maximum allowed by law.
- WebBank Savings Accounts FDIC-insured savings accounts issued directly by WebBank to U.S. consumers, with daily-compounded interest, no monthly fees, and online account management. Account opening requires U.S. residency and age 18+.
- National Partners Commercial Insurance Premium Finance Commercial insurance premium finance products and funding programs originated and serviced by National Partners, WebBank's wholly owned subsidiary, through commercial insurance agent, broker, MGA, and third-party premium finance company relationships. Operations are supported by Input 1's PBS premium finance management system and Input 1 Payments digital payment processing platform.
- Klarna High-Yield Savings Account U.S. high-yield savings account issued by WebBank in partnership with Klarna, launched June 2026 at 3.38% APY with no monthly fees and FDIC-insured through WebBank.
Quantifiable outcome
- Over $273 billion originated and funded in consumer and commercial credit products since 1997
- +6 more outcomes
Companies that use WebBank
Customer profileNamed customers34 records
Segments7 records
Ideal customer profiles6 records
WebBank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability6 records
Feature7 records
WebBank partnerships and signals
Strategic signalPartnerships
40 partnerships are on record, tiered core strategic partner (compliance tech), core strategic partner, flagship / pioneering partnership, core strategic partner (subsidiary tech), strategic advisor (board) and flagship / core strategic partner.
- Sedriccore strategic partner (compliance tech)On June 15, 2026, WebBank announced a new partnership with Sedric, selecting Sedric's AI-powered compliance platform to support its strategic partner programs. The platform will enable WebBank to accelerate the review and approval of marketing materials across its partner ecosystem while maintaining regulatory standards and creating an audit trail — reinforcing compliance controls across its network of strategic partners, including fintech companies.
- Pagaya Technologies (Sezzle POS underwriting integration)core strategic partnerOn May 5, 2026, Pagaya Technologies and Sezzle announced a new partnership to embed Pagaya's AI underwriting platform at Sezzle's point of sale, with installment loan products issued by WebBank. The collaboration increases merchant approval rates and basket sizes while giving Sezzle customers access to longer-term financing. Both companies plan to jointly pursue enterprise-level merchants with a differentiated lending product.
- Ripple (RLUSD stablecoin settlement pilot)flagship / pioneering partnershipOn November 5–6, 2025, Ripple, Mastercard, WebBank, and Gemini launched a live pilot to settle real credit card transactions on the XRP Ledger using Ripple's USD-backed stablecoin RLUSD. WebBank became the first regulated U.S. bank to settle conventional card payments using a stablecoin on a public blockchain infrastructure, with Gemini providing custody and liquidity. RLUSD has since grown to $1.6B market cap.
- Mastercard (Crypto Partner Program)flagship / pioneering partnershipMastercard launched its Crypto Partner Program on March 11, 2026, adding Ripple alongside 85+ crypto firms to a network that processes over $9 trillion in annual payments across 200+ countries. As part of the broader collaboration, Mastercard, Ripple, WebBank, and Gemini are running a live RLUSD credit card settlement pilot on the XRP Ledger.
- Input 1core strategic partner (subsidiary tech)WebBank's wholly owned subsidiary National Partners announced a strategic partnership with Input 1 on December 5, 2024. Input 1's PBS premium finance management system and Input 1 Payments digital payment processing platform will streamline billing, payments, and operations for National Partners' insurance agents, brokers, and carriers.
- Malin Eriksson (WebBank Board of Directors)strategic advisor (board)On June 4, 2024, WebBank announced the appointment of Malin Eriksson to its Board of Directors. Eriksson is a seasoned financial services executive, formerly interim U.S. CEO of Klarna and Chief Operating Officer at Earnest Partners ($25B+ AUM). She is currently Chief Commercial Officer at Gilion (formerly Ark Kapital).
- Klarnaflagship / core strategic partnerWebBank is the issuer and lender of the Klarna Card (a revolving charge card accepted wherever Visa is accepted) and Klarna Monthly Financing in the U.S. In June 2026, WebBank was selected as the bank to hold FDIC-insured high-yield savings accounts offered in the Klarna app (up to 3.38% APY, no minimum deposit, no monthly fees). In December 2025, WebBank partnered with Klarna on Klarna Premium and Max membership plans in the U.S.
- Sezzleflagship / core strategic partnerWebBank is the lender of consumer closed-end installment loans issued through the Sezzle app. In May 2026, Sezzle and Pagaya announced embedding Pagaya's AI underwriting platform at Sezzle's point of sale, with installment loan products issued by WebBank — including longer-term Pay-in-5 financing.
- PayPalflagship / core strategic partnerWebBank is the U.S. lender for PayPal Business Loan, PayPal Working Capital, PayPal Loan Builder, PayPal Pay Monthly, and the PayPal Business Cashback Mastercard. PayPal surpassed $30B in global small business lending and 1.4M+ loans to 420,000+ business accounts since 2013. WebBank-issued PayPal loans have driven 36% lift in total PayPal payment volume for Working Capital customers and 16% for Business Loan customers.
- Geminiflagship / core strategic partnerWebBank is the issuer and lender of the Gemini Credit Card, including a special-edition XRP credit card launched in August 2025 offering up to 4% back in XRP with no annual fees and a $200 new-user bonus. Gemini also serves as the custody and liquidity partner in WebBank's Ripple RLUSD credit card settlement pilot.
- Prosper Marketplaceflagship / core strategic partnerAll Prosper personal loans are made by WebBank. Prosper is the first peer-to-peer lending platform in the U.S. (founded 2005). A $500M forward flow agreement with Fortress and Edge Focus was announced April 29, 2025 to expand the personal loan marketplace. Prosper also offers home equity loans, home equity lines of credit, and the Prosper Card (issued by Coastal Community Bank).
- BMG Moneycore strategic partnerWebBank is the lender of closed-end consumer installment loans through BMG Money's employment-based lending platform, serving public and private sector employees across 39 states plus DC. A $360M forward flow agreement with Hudson Cove Capital Management was announced October 2025 to expand BMG's capital capacity.
- Avantcore strategic partnerWebBank offers two Avant-branded credit products: Avant closed-end consumer installment loans and the Avant Credit Card, both issued and lent by WebBank.
- Petal Cardcore strategic partnerWebBank is the issuer and lender of the Petal Visa credit card. Petal was acquired by Empower Finance (now Tilt) in April 2024.
- Tilt (formerly Empower Finance)core strategic partnerWebBank is the issuer and lender of the Tilt credit cards (Tilt Motion Card and other unsecured cards) targeting non-prime consumers using cash-flow underwriting. Empower/Tilt serves 3M+ active U.S. subscribers and has been profitable since 2022. Empower acquired Petal in April 2024.
- Fingerhutcore strategic partnerWebBank is the issuer and lender of the Fingerhut Fetti Credit Account and the Fingerhut FreshStart installment loan, used to finance purchases through fingerhut.com or the Fingerhut catalog.
- Mission Lanecore strategic partnerWebBank is the issuer and lender of the Mission Lane Visa credit card. Mission Lane is applying for a limited-purpose CEBA bank charter (April 2026) — the first such application in approximately 20 years — to migrate from WebBank and Transportation Alliance Bank to in-house origination.
- OneMain Financialcore strategic partnerWebBank is the issuer and lender of the OneMain Financial Brightway credit card.
- Oportuncore strategic partnerWebBank is the issuer and lender of the Oportun® Visa® Credit Card. Doug Bland, who served on WebBank's Board, was appointed CEO of Oportun effective April 20, 2026.
- Zipcore strategic partnerWebBank is the lender of consumer closed-end loans issued through the Zip app (excluding CO, NV, MD, MA) and the issuer of the Zip Card. In October 2025, Zip US expanded its partnership with Stripe to accelerate merchant growth.
- iCreditWorkscore strategic partnerWebBank is the lender of closed-end consumer installment loans for dental care procedures through the iCreditWorks platform. iCreditWorks raised $60M in April 2025 led by Comvest Partners and Barings.
- Libertas Fundingcore strategic partnerThrough the Libertas Funding platform, WebBank is the lender of small business installment loans. Libertas secured a $75M investment-grade corporate note in April 2025.
- Collective Liquiditycore strategic partnerWebBank is the lender of Exchange Installment Loans issued through Collective Liquidity. Collective Liquidity also offers zero-interest option exercise loans.
- DigniFicore strategic partnerThrough the DigniFi platform, WebBank is the lender of auto-repair installment loans on a national basis.
- Yamaha Motor Finance (YMFUS)core strategic partnerIn partnership with Yamaha Motor Finance Corporation, U.S.A. (YMFUS), WebBank is the issuer and lender of open-end revolving credit card accounts for consumers to purchase Powersports products nationwide.
- Mosaic (Solar Mosaic)core strategic partnerWebBank is the lender of Mosaic-branded home improvement installment loans and solar energy and geothermal purpose installment loans to consumers.
- Aqua Financecore strategic partnerIn partnership with Aqua Finance, Inc., WebBank is the lender for Aqua's closed-end, consumer home improvement loans.
- Cleocore strategic partnerWebBank is the issuer and lender of the fully secured Cleo Credit Builder Card.
- Scratchpay (Scratch Financial)core strategic partnerWebBank is the lender of the Scratchpay Credit Account providing payment plans for veterinary care, medical, dental, and other healthcare.
- Lane Healthcore strategic partnerWebBank is the lender of the HSA Advance feature of the Lane Health "Card with a Heart" — a line of credit through the HSA for qualified medical expenditures.
- Atlanticus (Imagine Card)core strategic partnerWebBank is the issuer and lender of the Imagine Card in partnership with Atlanticus.
- Reprise Financialcore strategic partnerIn partnership with Reprise Financial, WebBank is the lender of secured and unsecured personal loans used for refinancing, debt consolidation, and unexpected expenses.
- BILLcore strategic partnerWebBank is the issuer and lender of the BILL Invoice Financing Loan for SMBs.
- CAN Capitalcore strategic partnerWebBank is an issuer and lender of business financing through the CAN Capital platform.
- Capital on Tapcore strategic partnerWebBank is the issuer and lender of the Capital on Tap Business Credit Card program for small and medium sized businesses.
- Dell Financial Servicescore strategic partnerIn partnership with Dell Financial Services, WebBank is the issuer and lender of Dell Business Credit — a revolving line of credit for SMBs to purchase IT equipment with fast credit decisions, low monthly payments, and no annual fees.
- PEAC Solutionscore strategic partnerWebBank is the lender of Working Capital Loans issued through PEAC.
- Shopifycore strategic partnerWebBank is the lender of Shopify Capital in the United States.
- Toast Capitalcore strategic partnerIn partnership with Toast Capital, LLC., WebBank is the lender of small business installment loans to eligible Toast customers.
- Spring Labscore strategic partner (compliance tech)WebBank is a pilot customer of Spring Labs' agentic AI platform for regulated financial institutions, including the first major product Zanko focused on complaints, quality assurance, and disputes — which reportedly achieves up to 97% accuracy in complaint identification during testing. Spring Labs raised $5M in May 2026 led by BankTech Ventures and Haymaker Ventures.
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
WebBank competitors and assessment
Company assessmentDirect peers
- Sutton Bank: Ohio-chartered bank best known as the issuing bank for Chime and other fintech debit/credit programs. Directly comparable to WebBank as a small chartered bank that issues regulated consumer products on behalf of large fintech brand partners.
- Cross River Bank: New Jersey-chartered state commercial bank widely recognized as the leading sponsor / partner bank for fintech lending and payments companies. Directly comparable to WebBank in business model (issuing credit on behalf of fintechs), target partners (BNPL, embedded finance, marketplace lending), and regulatory positioning.
- Pathward Financial (formerly MetaBank): SD-chartered industrial bank (now Pathward, post-Evolve Bancorp merger) that historically served as sponsor bank for prepaid, BNPL, and fintech issuers. Comparable to WebBank as an industrial bank chartered to issue credit products and deposits for fintech and embedded-finance partners.
- Stride Bank: Oklahoma-chartered bank that has served as issuing bank for Chime's earlier programs and other fintech debit and lending products. Comparable to WebBank as a partner-bank model in embedded finance.
- Celtic Bank: Utah industrial bank (part of SoFi-aligned banking group) that has issued fintech consumer and SMB credit products. Directly comparable to WebBank as a Utah-chartered industrial bank operating the same Bank-Behind-the-Brand model.
- Coastal Community Bank: Washington state-chartered community bank that issues the Prosper Card and other fintech programs. Comparable to WebBank as a sponsor bank for marketplace lending and embedded-finance platforms.
- The Bancorp Bank: SD-chartered bank that issues prepaid cards, debit cards, and fintech-branded credit products. Comparable to WebBank in partner-bank model, but operates at a larger scale across prepaid, debit, and small-business credit verticals.
- Blue Ridge Bank: Virginia-chartered bank that has served as a sponsor / issuing bank for fintech and BNPL programs (including Affirm-affiliated programs). Comparable to WebBank as a partner-bank model with active fintech sponsorship activity, though currently operating under heightened regulatory scrutiny.
- Transportation Alliance Bank (TAB Bank): Utah industrial bank that, alongside WebBank, currently serves as issuing bank for Mission Lane and other fintech credit programs. Comparable to WebBank in industrial bank charter and fintech sponsorship model.
Broad incumbents
- Live Oak Bank: North Carolina-chartered bank specializing in SBA and niche vertical lending (healthcare, agriculture, veterinary). Less direct overlap, but comparable as a digitally oriented chartered bank pursuing niche / vertical lending at scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
WebBank compliance and trust
Trust signalCompliance8 records
WebBank financial estimates
Financial estimateRevenue estimate
Valuation estimate
WebBank leadership team
Management profileNumber of profiles
Profiles19 records
WebBank subsidiaries and ownership
Company hierarchySubsidiaries1 record
WebBank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WebBank M&A and investment
M&A and investmentM&A
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WebBank
What does WebBank do?
WebBank is a Utah-chartered Industrial Bank that operates as "The Bank Behind The Brand®," originating and issuing consumer and small business credit products (credit cards, installment loans, BNPL, lines of credit) on behalf of Strategic Partner platforms including fintechs, retailers, manufacturers, SaaS companies, and finance firms. It also provides asset-based lending and credit facilities to specialty finance companies and credit funds, sells FDIC-insured consumer deposits (Certificates of Deposit and Savings Accounts) directly to U.S. consumers, and operates a wholly owned premium finance subsidiary (National Partners).
Is WebBank a public or private company?
WebBank is a private company. It is classified as corporate owned and is currently operating.
When was WebBank founded?
WebBank was founded in 1997. It employs 101 to 250 people.
Where is WebBank based?
WebBank is headquartered in Salt Lake City, United States, in the North America region.
How does WebBank make money?
Four revenue lines are on record. Loan Origination & Credit Product Issuance is the primary driver. The others are asset-Based Lending & Credit Facilities, commercial Insurance Premium Finance and consumer Deposit Net Interest Margin.
Who are WebBank's main competitors?
Direct peers on record are Sutton Bank, Cross River Bank, Pathward Financial (formerly MetaBank), Stride Bank, Celtic Bank, Coastal Community Bank, The Bancorp Bank, Blue Ridge Bank and Transportation Alliance Bank (TAB Bank). Live Oak Bank is listed as a broad incumbent.
Does WebBank have an API?
No public API is recorded for WebBank.
What industry is WebBank in?
WebBank's product category is Sponsor Banking / Embedded Lending. Its primary akta.pro industry code is FSAGALAD, Embedded Lending & Credit (POS, Working Capital, Credit Lines), with a secondary code of FSAGAIAG, BNPL Consumer Apps & Wallets (Discovery, Management). Its NAICS code is 52221 and its SIC code is 6021.