FinWise Bancorp partners with DreamFi to enhance financial access for underserved communities through innovative banking solutions.
Quiver AI Summary
FinWise Bancorp has entered into a strategic program agreement with DreamFi, Inc., a financial technology startup founded by civil rights attorney Ben Crump, aimed at serving the underserved and underbanked communities. This partnership combines FinWise Bank's mobile banking and payments infrastructure with DreamFi's financial literacy resources to enhance financial wellness. The initial offerings will include a DreamFi Debit Card, checking accounts, access to a large network of surcharge-free ATMs, savings on prescriptions, and protective services like life insurance. Over time, the collaboration may expand to include various lending products and other financial services. Executives from both companies expressed enthusiasm for the partnership, highlighting their commitment to improving financial access and stability for their target demographic.
Potential Positives
- The partnership with DreamFi enables FinWise to tap into the underserved and underbanked communities, aligning with its mission to improve financial wellness.
- FinWise will offer innovative financial products like a DreamFi Debit Card and checking accounts, which can enhance customer engagement and attract new clients.
- This collaboration allows FinWise to leverage DreamFi's financial literacy tools and infrastructure, potentially strengthening its market position within the fintech sector.
Potential Negatives
- The partnership with DreamFi may raise concerns regarding FinWise's ability to manage compliance and regulatory risks associated with working with a start-up fintech entity.
- There is a potential reputational risk for FinWise given the focus on underserved communities; failure to effectively deliver on promised financial services could harm public perception and trust.
- The involvement of a high-profile civil rights attorney as co-founder of DreamFi may lead to increased scrutiny and expectations around social impact and outcomes, putting additional pressure on FinWise to meet these expectations.
FAQ
What is the partnership between FinWise and DreamFi?
FinWise and DreamFi have launched a strategic program to enhance financial wellness for underserved communities through banking and education.
What services will the DreamFi program offer?
The program will include a DreamFi Debit Card, checking accounts, surcharge-free ATMs, and savings on prescriptions, among other financial tools.
Who is behind DreamFi?
DreamFi was co-founded by civil rights attorney Ben Crump and focuses on transforming financial access for underserved communities.
How will this partnership benefit consumers?
Consumers will gain access to essential financial products, helping them improve financial literacy and take control of their financial futures.
What is FinWise's role in this collaboration?
FinWise provides banking and payment solutions, leveraging its regulatory expertise to help DreamFi deliver its financial products effectively.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FINW Insider Trading Activity
$FINW insiders have traded $FINW stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $FINW stock by insiders over the last 6 months:
- JAMES N GIORDANO purchased 2,500 shares for an estimated $48,300
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$FINW Hedge Fund Activity
We have seen 35 institutional investors add shares of $FINW stock to their portfolio, and 18 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. added 281,777 shares (+476.9%) to their portfolio in Q2 2025, for an estimated $4,229,472
- MILLENNIUM MANAGEMENT LLC removed 171,647 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $2,576,421
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 130,629 shares (-68.3%) from their portfolio in Q2 2025, for an estimated $1,960,741
- GEODE CAPITAL MANAGEMENT, LLC added 106,683 shares (+109.3%) to their portfolio in Q2 2025, for an estimated $1,601,311
- US BANCORP \DE\ added 78,000 shares (+22.2%) to their portfolio in Q2 2025, for an estimated $1,170,780
- VANGUARD GROUP INC added 63,642 shares (+15.1%) to their portfolio in Q2 2025, for an estimated $955,266
- STATE STREET CORP added 54,263 shares (+308.0%) to their portfolio in Q2 2025, for an estimated $814,487
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MURRAY, Utah, Oct. 22, 2025 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced a strategic program agreement with DreamFi, Inc. (“DreamFi”), a start-up financial technology company founded by renowned civil rights attorney Ben Crump in partnership with Business Funding Group, a leading provider of SBA loans. DreamFi’s mission is to support the large demographic of underserved and underbanked communities by improving financial wellness through awareness, education, and practical tools. By combining mobile banking and payments infrastructure provided by the Bank, and financial literacy tools provided by DreamFi, the DreamFi program will help users take control of their financial futures.
As part of the initial rollout, FinWise and DreamFi will provide consumers with access to essential financial products and services designed to promote inclusion and financial empowerment. Initial offerings are expected to include but are not limited to a DreamFi Debit Card, a checking account, access to over 40,000 surcharge-free ATMs in the U.S¹, everyday savings on prescriptions, and built-in protections such as life insurance, phone protection, and roadside assistance. Over time, DreamFi and the Bank will also evaluate opportunities to expand the suite of products to potentially include consumer & business lending, short-term secured credit, bill pay, and savings accounts, further enhancing the program’s ability to meet the evolving needs of its large and growing target customer base.
Robert Keil, EVP and Chief Fintech Officer of FinWise commented, “We are delighted to launch this partnership with DreamFi, particularly given the philosophical alignment between both companies. FinWise has always advocated for improving financial wellness by providing banking and payments solutions to fintechs that offer consumers and businesses access to unique financial tools and products. This partnership is also consistent with our commitment to expand the card and BIN sponsorship business at FinWise.”
“We are thrilled to partner with FinWise and to leverage their deep regulatory expertise and compliance focus, enabling us to deliver the financial products and solutions that our target customers need. This collaboration not only enhances our ability for a strong launch but also positions us to scale the business and drive long-term growth,” said Don Ross, CEO of DreamFi.
About DreamFi
DreamFi
is a financial technology company co-founded by renowned civil rights attorney Ben Crump, who also serves as its largest shareholder. The company is dedicated to transforming financial access and providing resources that empower individuals and families to build financial stability and ultimately generational wealth. By combining mobile banking, payments infrastructure, and financial literacy, DreamFi helps users take control of their financial futures. Visit
DreamFi.com
to learn more.
About FinWise
FinWise
provides Banking and Payments solutions to fintech brands. Its existing Strategic Program Lending business, conducted through scalable API-driven infrastructure, powers deposit, lending and payments programs for leading fintech brands. As part of Strategic Program Lending, FinWise also provides a Credit Enhanced Balance Sheet Program, which addresses the challenges that lending and card programs face diversifying their funding sources and managing capital efficiency. In addition, FinWise manages other Lending programs such as SBA 7(a), Owner Occupied Commercial Real Estate, and Leasing, which provide flexibility for disciplined balance sheet growth. The Company is also expanding and diversifying its business model by incorporating Payments (MoneyRails™) and BIN Sponsorship offerings. Through its compliance oversight and risk management-first culture, the Company is well positioned to guide fintechs through a rigorous process to facilitate regulatory compliance.
¹ To find a surcharge-free ATM in the Allpoint network visit allpointnetwork.com .
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