LexFin Announces New Banking Partnership with Coastal Community Bank, Member FDIC

LexFin launches first-of-its kind fintech lending and payments platform for legal services in partnership with Coastal Community Bank.

LexFin has entered a partnership with Coastal Community Bank, Member FDIC (“Coastal”). LexFin provides a first-of-its-kind digital lending and payments platform that engages lawyers, clients, banks, and capital markets to make legal services more affordable for millions of people. Coastal has partnered with LexFin to be the lender for legal service loans in Washington State and across the country. Coastal provides a range of banking products and services to consumers and small to medium-sized businesses, and partners with innovative fintech companies in delivering next-generation banking and financial services through its fintech division, CCBX.

Latest Fintech Insights : Simpl Makes Buy Now More Convenient With Its Easy Pay-in-3 option

“Affordable access to legal services is essential to fair and just outcomes under the law, and many people simply don’t have affordable access,” said Sands McKinley, LexFin’s Founder and CEO. “Our platform model is unique and designed specifically for the legal vertical. Coastal Bank is the ideal partner for us because they excel at working with unique companies like LexFin.”

Browse The Complete News About Fintech: REPAY and FLEX Announce Partnership to Deliver Payment Technology to Credit Unions and Enhance Member Experience

“We’re excited to partner with LexFin in supporting its mission to make legal services more accessible, both here in Washington and throughout the country,” said Eric Sprink, Coastal Bank’s CEO. “This collaboration also further expands the reach of CCBX, which we launched in 2015 to partner with innovative companies like LexFin.”

LexFin is a financial services technology company founded in Tacoma, Washington in 2020. The company’s mission is to help people afford legal services and help law firms thrive. LexFin, LLC is regulated by the Washington Department of Financial Institutions.

Read More About Fintech News : LeapFrog Investments Appoints Dominic Barton, Former McKinsey Global Managing Partner, as Chairman

 [To share your insights with us, please write to sghosh@martechseries.com]