Credit Sesame has acquired challenger bank Stack as it moves further into banking - Business Insider

Business Insider. Credit Sesame offers personal credit management services — including free credit scoring and insights into how to improve credit scores — alongside loan recommendations and its newly launched checking account. provides a prepaid Mastercard that offers additional features, including instant cash back and money management features; it's also a vendor of white-label technology to financial institutions .

The acquisition follows the inception of their commercial partnership in 2019. In partnership with Stack, Credit Sesame launched , a checking account, in March of this year. Sesame Cash offers users new features including real-time notifications, an early payday option, and a Mastercard debit card with accompanying management tools within its app, among others features.

We think the acquisition is a wise move because it will fuel Credit Sesame's strategic ambitions for both international expansion and building out its banking platform. The acquisition will give Credit Sesame access to the Canadian market. Credit Sesame's credit platform and services will be integrated into Stack's offering thanks to the acquisition, giving Credit Sesame access to Stack's existing customer base and the broader Canadian market. This is Credit Sesame's first foray into international expansion and aligns with the fintech's vision to be a global leader.

Going forward, the acquisition will unlock Credit Sesame's ambitions to grow its banking product suite. With the purchase, Credit Sesame now has the back-end technology infrastructure to build out its banking platform. Credit Sesame will be able to accelerate the launch of new capabilities, such as automated savings and cash-back rewards, expanding the breadth of its services. This will likely help it further engage its existing user base and drive customer acquisition efforts.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Inside Biden's Instagram influencer strategy, virtual campaign - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Great Twitter Numbers One Two Three Four Five Six Seven Eight Nine Ten Eleven Twelve Thirteen Fourteen Fifteen Sixteen Seventeen Eighteen Nineteen Twenty. BIDEN=CHILD ABUSER 😤😠
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

30 quotes that take you inside Albert Einstein's brilliant mind - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Einstein had a brilliant mind but also had a set of brilliant Maths Proffs on his team, Einstein had a vision and an idea and would get the maths worked out with his team of Maths Proffessors.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Metro Bank is in talks to buy P2P lender RateSetter - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Coronavirus stimulus: Bank of Japan pledges over $1 trillion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Checkout our VentureOut page to see what international startups are doing to combat the coronavirus! 😉
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

How COVID-19 bear market stacks up against history: Peter Oppenheimer - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »