Zip Co, the digital financial services company offering innovative, people-centered products for everyday Americans, announced a second banking partnership with Column N.A., a nationally chartered bank.
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Under the new partnership, Column N.A. will serve as a bank partner for Zip’s unsecured U.S. installment lending products. Column N.A. operates under a U.S. national bank charter and is federally regulated.
The expansion of Zip’s bank partnership model through the addition of a nationally chartered partner further diversifies the Company’s banking relationships, supports funding cost efficiencies and strengthens operational resilience, reflecting the significant scale Zip has achieved.
“As Zip continues to grow strongly, maintaining a strong and diversified funding platform is key to delivering for our customers,” said Rory Herriman, President and Interim CEO at Zip US. “Through our partnership with Column, we’re strengthening the foundations of the business to support our next phase of growth and continue expanding access to transparent and responsible credit for millions of Americans.”
“Column supports the largest and most sophisticated financial services companies with a range of consumer lending products, and Zip’s reach makes it a strong fit for our platform,” said Brian Fishbein, Chief Investment Officer at Column N.A. “We’re looking forward to supporting Zip’s significant scale with our technology, especially as it expands into new products and serves new customers.”
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