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MURRAY, Utah - FinWise Bancorp (NASDAQ:FINW), parent company of FinWise Bank and currently valued at $242 million, announced Wednesday a strategic program agreement with DreamFi, Inc., a financial technology startup co-founded by civil rights attorney Ben Crump in partnership with Business Funding Group. The bank, which has maintained profitability over the last twelve months with a revenue of $75 million, shows a steady 10% year-over-year growth.
The collaboration aims to provide financial services to underserved and underbanked communities through a combination of mobile banking infrastructure from FinWise and financial literacy tools from DreamFi. According to InvestingPro data, FinWise maintains a "Fair" overall financial health score, suggesting stable operational capacity for such initiatives.
The initial product offerings will include a DreamFi Debit Card, checking accounts, access to over 40,000 surcharge-free ATMs across the U.S., prescription savings, and built-in protections such as life insurance, phone protection, and roadside assistance.
Robert Keil, EVP and Chief Fintech Officer of FinWise, said the partnership aligns with the bank’s advocacy for improving financial wellness and its commitment to expand its card and BIN sponsorship business.
"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," said Don Ross, CEO of DreamFi, according to the press release.
The companies indicated they may evaluate opportunities to expand their product suite in the future to potentially include consumer and business lending, short-term secured credit, bill pay, and savings accounts.
DreamFi describes its mission as supporting underserved communities by improving financial wellness through awareness, education, and practical tools, with Crump serving as its largest shareholder. With FinWise’s upcoming earnings report due on October 29, and analysts maintaining a strong buy consensus with a price target range of $19-22, investors can access deeper insights through InvestingPro’s comprehensive research reports, which offer detailed analysis of the company’s financial health and growth prospects.
In other recent news, FinWise Bancorp reported impressive financial results for the second quarter of 2025, surpassing market expectations. The company achieved an earnings per share (EPS) of $0.29, which was higher than the forecasted $0.2292. Additionally, FinWise Bancorp reported a revenue of $25.07 million, exceeding the anticipated $22.08 million. These results highlight the company’s strong performance during this period. Analysts had set these estimates based on various market factors. The positive earnings report reflects FinWise Bancorp’s ability to outperform projections. As the company continues to release financial updates, investors remain attentive to its future performance. These developments are a key focus for stakeholders monitoring the company’s progress.
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