Fintech
FinWise Bancorp Further Expands and Strengthens Board of Directors
FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced the expansion of its Board of Directors by appointing Susan Ehrlich to the Company’s Board, effective immediately. Ms. Ehrlich has also been appointed to the Bank’s Board of Directors.
Ms. Ehrlich brings over 25 years of experience and success in lending, banking and payments across the fintech, financial services and retail industries. She has a proven track record of increasing growth and improving profitability through product innovation and digital business transformation. She is currently a Partner at Core Innovation Capital, an early-stage fintech venture capital firm. Ms. Ehrlich has also served on the Board of Directors of Boeing Employees Credit Union (BECU) and Petal Card, a fintech startup recently sold to Empower. She also served as Chairman of the Board of Directors of the Financial Health Network (formerly CFSI) and was a member of the Consumer Advisory Council of the Federal Reserve in Washington. Ms. Ehrlich earned a BA with honors from Brown University and an MBA from Harvard Business School.
Kent Landvatter, CEO of FinWise, commented: “We are thrilled to welcome Susan to our Board of Directors. Susan brings with her extensive experience in fintech lending and payments, as well as hands-on experience in dynamic, technology-driven organizations. Susan has demonstrated a proven ability to build teams and drive business value, all of which will be instrumental in our ongoing governance process.”
“I am thrilled to join the FinWise Board of Directors and contribute to the Company’s continued success,” said Ms. Ehrlich. “FinWise is at the forefront of innovation in the payments and fintech banking industry, and I look forward to working with the team to drive growth and create value for our shareholders.”
About FinWise Bancorp
EndWise provides banking and payment solutions to fintech brands. 2024 is a key year of expansion for the company as it diversifies its business model by launching and incorporating Payments Hub and BIN Sponsorship offerings into its current platforms.
Its existing strategic program lending business, delivered via a scalable API-based infrastructure, powers deposit, lending and payment programs for leading fintech brands. Additionally, FinWise operates other lending programs such as SBA 7(a), Real Estate and Leasing, which provide optionality for disciplined balance sheet growth.
With a culture of compliance and risk management at its core, the Company is also well-positioned to guide fintech companies through a rigorous process to facilitate regulatory compliance.
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