Credit Sesame acquires Canadian challenger Stack for international expansion

Credit and loans company, Credit Sesame, has announced its acquisition of Canadian challenger bank, Stack.

The two firms had been in partnership since the 2019 design of Sesame Cash, a no-fee digital banking service “to help consumers grow their cash and credit together” which launched in March.

That service saw more than 200,000 sign up in less than a month, and demand “continues to surge”, according to Credit Sesame.

All Stack employees are to be integrated into Credit Sesame, including former CEO, Miro Pavletic, who becomes general manager for Canadian and international business.

The move is part of an attempted international expansion. Credit Sesame’s credit services will be integrated with Stack’s digital banking offering to bring cash and credit management to Canadian consumers.

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Fintech

KBRA Assigns Preliminary Ratings to APL Finance 2023-1 Designated Activity Company

KBRA | December 08, 2023

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Fintech

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VoPay | January 11, 2024

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Core Banking

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Backbase | January 12, 2024

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Payments

ServiceNow announces five-year strategic alliance with Visa to transform payment services

ServiceNow | January 25, 2024

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Tax groups have a meaningful opportunity to enhance the value of their organization’s digital transformation effort. This priority, which involves migrating tax automation to the cloud in tandem with larger enterprise resource planning (ERP) cloud migrations is becoming even more time sensitive. This white paper examines leading

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