Atlantic Capital Bank and Self Financial Expand Partnership to Improve Financial Inclusion
19 October 2021 - 12:59AM
Atlantic Capital Bancshares, Inc. a publicly-traded bank holding
company, and Self Financial, Inc., a leading fintech company based
in Austin, Texas that enables consumers to build credit and
savings, today announced an expanded partnership. Atlantic Capital
will combine its size, scale and expertise with Self’s innovative
credit builder products to expand Self’s Visa® secured credit card
offering, access to credit for U.S. consumers, particularly
underserved consumers who have not historically had easy credit
access. The card launch is an expansion of the partnership between
Self and Atlantic Capital beginning in February 2019 with Self’s
credit builder loan product.
“We have been extremely impressed with Self’s ability to
develop, market and support bank-issued products that improve the
financial wellness of consumers across the United States,”
commented Doug Williams, President and CEO at Atlantic Capital
Bank. “Self has served well over a million consumers trying to
build their credit, and on behalf of Atlantic Capital, we are
excited to partner to fuel that mission.”
The credit card program launched in September of 2020 for select
customers that have successfully used Self’s Credit Builder
Account, which provides small-dollar loans combined with a deposit
account to help consumers build their credit. The card program
enables credit builder account holders to use their certificate of
deposit with the bank as security for a secured Visa® card they can
use for their daily spending needs.
“The continued support of Atlantic Capital gives Self increased
ability to scale and meet consumer demand,” commented James Garvey,
founder and CEO of Self. “We’re pleased to expand our
relationship with Atlantic Capital, with the shared aim of
improving the financial well-being of more Americans.”
ABOUT ATLANTIC CAPITAL BANK Atlantic
Capital Bancshares, Inc. (ACBI), with assets of $3.8 billion, is a
publicly-traded bank holding company headquartered in Atlanta,
Georgia. Atlantic Capital offers commercial and not-for-profit
banking services, specialty corporate financial services, private
banking services and commercial real estate finance solutions to
privately held companies and individuals in the Atlanta area, as
well as specialized financial services for select clients
nationally.
ABOUT SELF FINANCIALSelf Financial is working
to increase economic inclusion and financial resilience through
products that enable people to build credit while building savings.
With no hard credit check to get started, Self's signature credit
builder products issued by its partner banks are designed to make
building credit and savings accessible, regardless of financial
history. Download the Self app at the Apple App
Store (160k+ reviews and an average 4.9 rating) or Google
Play or visit Self.inc for more information.
For More Information: Chris StanleySenior
Vice President, Fintech Banking, Atlantic Capital
Bank Chris.Stanley@atlcapbank.com
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