FinWise Bancorp Acquires Tallied Technologies, Inc.

FinWise Bancorp announced the acquisition of Tallied Technologies, Inc., including its credit card issuing and processing platform. This acquisition allows FinWise to bring its card technology stack fully in-house, from application to servicing. The move is expected to expand revenue capture by retaining fees, interchange, and interest economics previously shared with a third-party program manager. The transaction was funded with existing cash and is not expected to materially impact the Company's capital ratios. The integration of Tallied's engineering and operations team is complete, ensuring continuity and accelerating the product roadmap. FinWise anticipates integration and transition costs of approximately $4.0 million over the next year. The acquisition also involves the conversion of approximately $50 million in credit card balances, which will now be held on the Bank's balance sheet, with FinWise retaining full economics and credit exposure. The company will provide updates on credit-enhanced balances quarterly. FinWise Bancorp will report its second quarter 2026 results on July 29, 2026.