Business
FinWise Bancorp Announces BIN Sponsorship Agreement with Vera, Inc. to Launch Unsecured Consumer Credit Card Program for Prime and Near‑Prime U.S Consumers
MURRAY, Utah, April 14, 2026 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced a strategic program agreement with Vera, Inc. (“Vera”) to launch an unsecured consumer credit card program targeting prime and near‑prime U.S consumers. Vera is an early-stage company led by a seasoned management team, including CEO Sandeep Sachdeva, who has more than 18 years of leadership experience at Capital One, building a
About this update from Capital One Financial Corporation
[{"type":"image","alt":"FinWise Bank","displaySize":"","headline":null,"caption":"FinWise Bank","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":200,"url":"https://media.zenfs.com/en/globenewswire.com/8602455f9d90f8154b19398dcc488d6c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/gM2.JFPiVrXgDoZt2uRtpQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI4MA--/https://media.zenfs.com/en/globenewswire.com/8602455f9d90f8154b19398dcc488d6c","width":300,"height":200}},"lazy":false},{"type":"text","content":"MURRAY, Utah, April 14, 2026 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced a strategic program agreement with Vera, Inc. (“Vera”) to launch an unsecured consumer credit card program targeting prime and near‑prime U.S consumers. Vera is an early-stage company led by a seasoned management team, including CEO Sandeep Sachdeva, who has more than 18 years of leadership experience at Capital One, building and scaling card businesses.","length":527,"tagName":"p"},{"type":"text","content":"Under the program, Vera will serve as Program Manager and purchase receivables from FinWise Bank, which will act as the BIN Sponsor. The program will issue unsecured consumer credit cards, offered as both physical and digital cards. Vera’s program empowers customers to select from three rewards modes aligned to their individual spending patterns, with no annual fee, delivering a differentiated value proposition in the near prime and prime segment. The relationship originated through Zeta, card processor, with whom FinWise continues to expand its partnership. Vera’s card ecosystem is built on Tachyon, Zeta’s cloud native, API-first issuer processing platform.","length":666,"tagName":"p"},{"type":"text","content":"Sarah Grotta, Chief Fintech Officer of FinWise, commented, "We are pleased that Vera selected FinWise as a strategic partner to support its growing business. The Vera launch enables FinWise to further expand its BIN sponsorship capabilities alongside Vera’s experienced management team and Zeta as card processor, delivering innovative financial products to consumers through Vera’s state‑of‑the‑art mobile app.”","length":417,"tagName":"p"},{"type":"text","content":"“We’re excited to partner with FinWise Bank, whose deep expertise in BIN sponsorship...