WebBank, a Utah-chartered industrial bank, makes a strategic investment in iCreditWorks at a $200 million valuation to support the Platform’s continued commercial growth
iCreditWorks, one of the fastest-growing FinTech platforms in the United States, announced it has accepted a strategic investment from WebBank at a $200M valuation. The investment will allow iCreditWorks to accelerate the commercial growth of its omni-channel platform, which features the first-in-market, native mobile App within the “Point-Of-Sale” (POS) sector.
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“We continue to expand our relationship with WebBank to ensure our alignment and to fuel our mission to reimagine POS financing,” said Stephen E. Sweeney, Chairman and Founder of iCreditWorks. “WebBank’s support of our vision is testimony to the iCreditWorks omni-channel platform offering and its unique position in the marketplace.”
iCreditWorks believes in responsible lending and only offering access to affordable financing options* that allow consumers to receive the care they deserve.
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“We made this investment in iCreditWorks to support the vision and innovation of their Platform,” said Jason Lloyd, President & CEO of WebBank. “We are excited to expand and grow our relationship with iCreditWorks and look forward to our mutual success.”
iCreditWorks, represented by Truist Financial, is in the midst of a capital raise at a $200 million valuation to fuel its continued growth in the dental sector and expansion into new verticals.
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