FinWise Bancorp announced a new banking‑as‑a‑service partnership with Albert on February 23, 2026, that will allow Albert to offer short‑term loan products through its mobile app using FinWise’s regulatory and banking infrastructure.
The partnership builds on FinWise’s strategy of expanding its BaaS platform, which has historically generated revenue from lending, deposit, and payment solutions. By integrating Albert’s consumer‑facing app, FinWise will be able to place more fintech‑originated loans on its balance sheet and capture additional fee income.
Albert, a fintech firm founded in 2016, was acquired by Santander Group in December 2018. The acquisition gives Albert access to Santander’s banking expertise while allowing it to continue scaling its consumer financial services.
FinWise’s CEO Kent Landvatter said, "We are thrilled that Albert chose FinWise as a key partner to augment their thriving business, which offers consumers access to financial products through their state‑of‑the‑art app." He added, "Our shared vision for challenging the status quo of banking should provide a long‑term opportunity to deliver financial innovation across multiple products that benefit all consumers. The trust that Albert has placed in FinWise to help enhance their growth opportunity is a testament to the benefits that our multi‑product platform, including lending, deposit and payments products, provides our strategic partners."
Albert’s CEO and co‑founder Yinon Ravid noted, "This partnership with FinWise—rooted in regulatory expertise and guidance—allows us to continue scaling our business." He added, "Albert continues to make progress in its mission to change the way people think about money and to build a world where no one has to worry about making the wrong financial decisions. Our dedication to providing convenient access to financial products helps millions of Americans bank, save, invest and budget better."
Financial terms of the agreement and the launch date for the new credit products have not been disclosed. FinWise’s recent financial performance shows a steady growth trajectory: Q3 2025 net income of $4.9 million on revenue of $24.0 million, and Q4 2025 net income of $3.9 million on revenue of $46.8 million. The full‑year 2025 results included net income of $16.1 million, diluted EPS of $1.13, and loan originations of $6.1 billion.
The partnership is expected to accelerate FinWise’s BaaS expansion and provide Albert with the regulatory backbone needed to scale its credit offerings. The collaboration positions both companies to capture a larger share of the growing consumer‑finance market while leveraging FinWise’s established banking infrastructure and Albert’s strong consumer app.
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