WebBank makes a strategic investment in FinTech platform iCreditWorks
By Joy Dumasia
iCreditWorks, one of the fastest-growing FinTech platforms in the United States, announced it had accepted a strategic investment from WebBank at a $200 million valuation. The investment will allow iCreditWorks to accelerate the commercial growth of its omnichannel platform, which features the first-in-market, native mobile App within the “Point-Of-Sale” (POS) sector.
“We continue to expand our relationship with WebBank to ensure our alignment and to fuel our mission to reimagine POS financing,” said Stephen E. Sweeney, Chairman and Founder of iCreditWorks. “WebBank’s support of our vision is testimony to the iCreditWorks omnichannel platform offering and its unique position in the marketplace.”
iCreditWorks believes in responsible lending and only offering access to affordable financing options that allow consumers to receive the care they deserve. iCreditWorks, represented by Truist Financial, is in the midst of a capital raise at a $200 million valuation to fuel its continued growth in the dental sector and expansion into new verticals.
“We made this investment in iCreditWorks to support the vision and innovation of their Platform,” said Jason Lloyd, President & CEO of WebBank. “We are excited to expand and grow our relationship with iCreditWorks and look forward to our mutual success.”
IBS Intelligence reported that iCreditWorks, one of the fastest-growing FinTech platforms in the United States, announced hiring Chris Wright as Chief Growth Officer for its omnichannel Point-Of-Sale (POS) financing solution. Having spent more than 20 years at Dentsply Sirona driving top-line revenue performance and the commercialization of innovative technology solutions within the dental marketplace, Chris will now lead the commercial growth of iCreditWorks.
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