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FinWise Bancorp acquires Tallied platform, adds ~$50M receivables and expects $4M integration cost

FinWise Bancorp completed acquisition of Tallied's credit card platform, bringing end-to-end card issuing and processing in-house.Key Highlights:Original SEC Filing: Finwise Bancorp [ FINW ] - 8-K - Jul. 20, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying importan…

FinWise Bancorp completed acquisition of Tallied's credit card platform, bringing end-to-end card issuing and processing in-house.

Key Highlights:

Acquired Tallied Technologies' cloud-native card platform and related assets to own the full card tech stack.
Approximately $50 million of credit card balances convert to standard balances on the Bank's balance sheet.
FinWise expects ~$4.0 million of integration and transition costs over the next year, higher in the next two quarters.
Transaction funded with cash on hand and not expected to have a material impact on the Company's capital ratios.
Tallied's engineering and operations team joined FinWise, preserving platform continuity and accelerating roadmap.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.