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Get filing alertsFinWise completes acquisition of Tallied credit card platform for ~$4M integration costs
Filed July 20, 2026 · Period ending July 20, 2026 · ~1 min read
Key Changes
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FinWise acquired Tallied's credit card technology platform and related assets, bringing card issuing, processing and servicing in-house to retain fees, interchange and interest income previously shared with third-party program manager.
Exhibit 99.1 view on EDGAR → -
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~$50M of credit card balances previously carrying credit enhancement will convert to standard balances on the Bank's balance sheet, with the Bank retaining full economics and associated credit exposure.
Exhibit 99.1 view on EDGAR → -
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Company expects ~$4M in integration and transition costs over the next year, weighted toward the next two quarters, funded with cash on hand with no material impact to capital ratios.
Exhibit 99.1 view on EDGAR → -
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Company withdrew prior guidance of ~$217M in credit-enhanced balances by end of 2026, reflecting the change in how balances are structured following the acquisition.
Exhibit 99.1 view on EDGAR →
Summary
FinWise Bancorp completed its acquisition of Tallied Technologies' credit card platform on July 20, 2026, bringing card issuing, processing and servicing capabilities in-house. The move allows FinWise to capture the full economics—fees, interchange, and interest income—previously shared with Tallied as a third-party program manager.
The transaction was funded with cash on hand and is not expected to materially impact capital ratios. The acquisition triggers a restructuring of approximately $50 million in credit card receivables. These balances, which previously carried credit enhancement, will convert to standard credit card balances on the Bank's balance sheet. FinWise will retain full economics but also assumes the associated credit exposure.
The company notes these are seasoned receivables originated under the Bank's underwriting standards that it has held and monitored since origination, though it is evaluating whether to retain them long-term. The company withdrew its prior guidance of $217 million in credit-enhanced balances by year-end 2026 to reflect the new structure. FinWise expects approximately $4 million in integration and transition costs over the next year, concentrated in the next two quarters as it integrates the platform and eliminates duplicative vendor costs. The strategic rationale is vertical integration: owning the technology stack end-to-end should improve unit economics on the Bank's co-branded credit card programs.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
FinWise Bancorp completed acquisition of Tallied Technologies, Inc.
Added in current filing · verify on EDGAR →
On July 20, 2026, FinWise Bancorp, a Utah corporation (the “Company”), issued a press release announcing the completion of an acquisition and assumption agreement with Tallied Technologies, Inc. by the Company (the “Acquisition”).
FinWise Bancorp completed an acquisition and assumption agreement with Tallied Technologies, Inc. on July 20, 2026. The 8-K does not disclose transaction terms, purchase price, or strategic rationale in the body text; those details may appear in the attached press release (Exhibit 99.1).
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
FinWise expects integration and transition costs of approximately $4.0 million in total over the next year. The Company expects the costs to be greater in the next two quarters and to narrow over the following two quarters as it fully integrates the platform into the bank and eliminates duplicative third-party vendor and platform costs.
The company expects approximately $4.0 million in total integration and transition costs over the next year. Costs will be higher in the next two quarters and decline in the following two quarters as the platform is integrated and duplicative vendor costs are eliminated. The transaction was funded with cash on hand and is not expected to materially impact capital ratios.
Added in current filing · view on EDGAR →
Because Tallied will no longer serve as a third-party program manager, approximately $50 million of credit card balances that previously carried credit enhancement will convert to standard credit card balances held on the Bank's balance sheet, with the Bank
retaining the full economics — including interest income and interchange — as well as the associated credit exposure.
Approximately $50 million of credit card balances that previously carried credit enhancement will convert to standard credit card balances on the Bank's balance sheet. The Bank will retain full economics including interest income and interchange, as well as the associated credit exposure. These are seasoned receivables originated under the Bank's underwriting standards that the Bank has held and monitored since origination. The Bank is evaluating whether to retain these receivables long-term.
Show 1 minor / wording change
Added in current filing · view on EDGAR →
FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), the parent company of FinWise Bank, will report its second quarter 2026 results and host a conference call and webcast after the market close on Wednesday, July 29, 2026. The conference call will be held at 5:00 p.m. ET on Wednesday, July 29, 2026, to discuss financial results for the second quarter of 2026.
FinWise will report second quarter 2026 results and host a conference call after market close on Wednesday, July 29, 2026 at 5:00 p.m. ET. The call will discuss financial results for the second quarter of 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 28, 2026 · How we verify