Business
Pathward Financial Inc. Builds on Recent Momentum, Progress Toward Enhancing Financial Inclusion
SIOUX FALLS, S.D.--(BUSINESS WIRE)-- Pathward Financial, Inc. (“Pathward Financial” or the “Company”) (Nasdaq: CASH), a U.S.-based financial holding company
About this update from Pathward Financial, Inc.
[{"type":"text","content":" SIOUX FALLS, S.D.--(BUSINESS WIRE)--\nPathward Financial, Inc. (“Pathward Financial” or the “Company”) (Nasdaq: CASH), a U.S.-based financial holding company driven by its purpose to power financial inclusion, today commemorates the conclusion of a transformative 12-months, which has been marked by a series of pivotal business developments.\n\n\nIn October 2022, the company and its subsidiary, Pathward®, N.A., celebrated the official launch of its new name and brand identity, Pathward. Marked by a new look and feel, the updated branding aims to underscore the organization’s commitment to helping the unbanked, underbanked, and underserved achieve financial mobility.\n\n\nIn the months that followed the unveiling of its new brand, Pathward became a Certified™ Great Place to Work® and announced a series of strategic partnerships. This includes multiple collaborations forged recently, all aimed at helping the company achieve its purpose of providing financial access and opportunity to individuals and businesses alike.\n\n\nBeginning in May, Pathward announced a partnership with Finix, which launched as a payments processor directly connected to all major U.S. card networks. The alliance will enable Pathward to help more businesses streamline their payments operations.\n\n\nIn June, Pathward partnered with Propel Holdings Inc., a fintech company, to launch a new flexible, inclusive line of credit for credit-challenged consumers.\n\n\nIn the weeks that followed, Viridi Energy, a renewable natural gas (RNG) platform, and American Organic Energy – two organizations jointly committed to developing one of the largest food waste-to-RNG projects in the United States – announced a funding partnership with Pathward. According to the companies, the project is expected to convert 210,000 tons of waste per year into clean energy and agriculture projects.\n\n\nAdditionally, Pathward announced a funding partnership with Avolta, a renewable natural gas developer, that led to the building of facilities at two dairy farms in Arizona that turn cow manure into RNG. According to Avolta, these two facilities convert the waste to RNG from more than 60,000 cows, reducing carbon emissions equivalent to removing 8,000 cars from the road each year while also eliminating the consumption of 4 million gallons of fresh water per day.\n\n\nCollaborations with Cla...