REINVENTION

HQ: Salt Lake City
webbank.com

WebBank is a national issuer of consumer and small business credit that differentiates itself through its flexibility, creativity, innovative underwriting and ability to work across varied and unique asset classes.

Over the past 10 years, WebBank has originated and funded more than $150 billion in consumer and commercial credit. As “the bank behind the brand,” WebBank issues credit through strategic partner platforms, which include retailers, manufacturers, finance companies and financial technology companies. The bank also provides capital in the form of asset-based lending and other credit facilities to strategic partner platforms, credit funds and other lenders with a targeted focus on specialty finance assets.

WebBank differentiates itself in the specialty finance space through its dual superpowers of flexibility and creativity. In 2021, it closed committed asset-based credit facilities totaling more than $500 million across a variety of partners, products and industries.

WebBank also differentiates itself from other banks by using innovative methods to underwrite a wide range of collateral and structures. WebBank has underwritten facilities backed by a variety of asset classes and cash flows, including: loans backed by ad revenue from YouTube content, mobile app developers’ Apple and Google app store receivables and software-as-a-service and technology companies’ recurring revenue, as well as more traditional facilities backed by small business receivables, merchant cash advances, solar leases to low-to-middle income households, student loans, auto loans, multi-family residential leases, middle-market loans and consumer assets. It is also a crypto-friendly bank and is working on structures to finance financial technology companies that offer loans backed by cryptocurrencies.

Additionally, WebBank offers innovative and flexible fund-level and deal-level structures for providing senior and back leverage to credit funds that are tailored to meet their specific needs, which allows them to improve their returns and provide lower pricing and additional committed volume on their asset-based warehouse lines to their borrowers.

“[WebBank is] empowering fintech strategic partners to drive innovation and financial inclusion.”