WebBank

WebBank, established in 1997 and headquartered in Salt Lake City, Utah, is a commercial bank that offers a diverse range of financial products. It provides services directly to customers, including savings accounts and time deposits, as well as through strategic partnerships that deliver specialized financing solutions to both businesses and consumers. The bank operates under Web Financial Holding, which oversees its various financial activities.

Ken Laudano

Senior Vice President and Head of Lender Finance

Jason Lloyd

President and CEO

Steve Stanford

CFO and Executive Vice President

3 past transactions

Avant

Debt Financing in 2022
Avant, LLC is a financial technology company that operates an online marketplace lending platform, providing consumers access to personal loans for purposes such as debt consolidation, medical expenses, and family vacations. Founded in 2012, Avant utilizes big data and machine-learning algorithms to streamline credit options and offer a tailored approach to lending. The company partners with banks and financial institutions to facilitate loan processing and verification, ensuring compliance with credit policies while minimizing fraud and risk. Additionally, Avant operates an institutional marketplace that allows investors to purchase loans generated through its technology. Headquartered in Chicago, Illinois, Avant also maintains offices in Los Angeles, California, and London, United Kingdom, serving customers both domestically and internationally.

Oportun

Post in 2021
Oportun, Inc. is a financial services company based in San Carlos, California, founded in 2005. It specializes in providing personal loans to individuals who may lack a credit score or have limited credit history. Oportun offers a range of financial products, including small-dollar, unsecured installment loans, auto loans, and secured personal loans. In addition to lending, the company provides deposit accounts, debit card services, and budgeting tools, aiming to empower its members to achieve their financial goals. Since its inception, Oportun has disbursed over $15.5 billion in responsible credit and has helped its members save more than $2.3 billion in interest and fees, averaging annual savings of over $1,800 per member.

Black Label

Debt Financing in 2019
C-Stacks Inc., formerly known as CreditStacks, is a financial services company that specializes in providing credit cards to individuals, including those without a local U.S. credit history. Founded in 2015 and headquartered in Sioux Falls, South Dakota, the company has developed a credit card specifically for professionals. Operating under the name Jasper, C-Stacks employs technology to evaluate applicants holistically, enabling many to qualify for a premium Jasper Mastercard issued by WebBank, even if they are new to building credit. This approach aims to support individuals in starting their credit journeys while offering them access to essential financial tools.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.