Discover Bank offers a range of personal and commercial banking services, including online savings and checking accounts, money market accounts, certificates of deposit, and individual retirement account certificates. It also provides services through a mobile application, enhancing customer accessibility. Established in 1911 and headquartered in Greenwood, Delaware, Discover Bank was previously known as Greenwood Trust Company until its name change in August 2000. As a subsidiary of Discover Financial Services, the bank aims to assist individuals in achieving their financial goals, whether it be establishing good credit, funding education, or managing debt. Additionally, Discover facilitates payment solutions that connect banks, cardholders, and merchants, promoting innovative commerce.
Finexio operates a payment platform that streamlines accounts payable processes for medium and large corporations. By leveraging a unique network of closed loop systems, Finexio eliminates the need for paper checks, allowing businesses to identify suppliers that can be paid electronically. The platform facilitates direct transfers to suppliers' bank accounts without requiring sensitive bank account information, thereby reducing transaction costs associated with traditional payment methods. Finexio integrates with various payment aggregators, accounts payable automation, and procurement software, providing a more efficient payment solution that significantly lowers fees compared to standard commercial payment costs.
Sezzle
Post in 2021
Sezzle Inc. is a financial services company that offers a technology-driven payments platform designed to facilitate transactions between consumers and retailers in the United States and Canada. Established in 2016 and headquartered in Minneapolis, Minnesota, Sezzle allows customers to make online purchases and split the total payment into four equal, interest-free installments over a six-week period, with the first payment required at the time of purchase. The platform caters to both online stores and brick-and-mortar retailers, aiming to provide a fast, secure, and easy payment solution while empowering the next generation financially.
SecureKey
Series B in 2012
SecureKey Technologies Inc. is an identity and authentication provider that facilitates secure and convenient access to online services for consumers. The company develops cloud-based identity networks that connect individuals with various online services, emphasizing privacy and security. Its offerings are designed for a range of sectors, including banking, government, healthcare, telecommunications, and utilities. Established in 2008 and headquartered in Toronto, Canada, SecureKey also maintains offices in Boston, Washington D.C., and San Francisco. The firm collaborates with organizations like Digital Bazaar and is supported by notable investors such as Visa, MasterCard, and Intel Capital. By focusing on creating frictionless digital identity solutions, SecureKey enables organizations to meet the growing demand for secure online transactions.
Home Loan Center
Acquisition in 2011
Home Loan Center, a subsidiary of Tree.com, Inc
Student Loan Corporation
Acquisition in 2010
The Student Loan operates as a provider of student loan services based in Stamford, Connecticut. It offers a range of financial products including undergraduate, graduate, law, and health profession loans, catering to the diverse needs of students. Additionally, the company provides debt management advice to assist individuals in navigating their financial responsibilities. Supported by Discover Student Loans, one of the largest private student loan providers, The Student Loan is dedicated to equipping students and their families with the necessary resources to make informed decisions regarding college preparation and financing.
First National Bank Alaska
Acquisition in 2010
First National Bank Alaska, established in 1922 and headquartered in Anchorage, is a commercial bank serving the financial needs of individuals and businesses primarily in Alaska. The bank offers a range of personal banking products, including savings, money market, and checking accounts, as well as various loan options such as home loans, consumer loans, and home equity loans. Additionally, it provides debit and credit card services, safe deposit boxes, trust and investment management, online bill pay, and other convenience banking services. First National Bank Alaska is committed to supporting the local community and meeting the diverse financial needs of its customers.
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