Credit Sesame completes challenger bank acquisition.
BANKING AND CREDIT NEWS-June 17, 2020--Credit Sesame completes challenger bank acquisition
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Global Banking News - 17 June 2020
US-based Credit Sesame has announced that it has completed the takeover of Canadian challenger bank, STACK. This was part of the firm's international expansion, it added.
The two firms have been collaborating since 2019 for their product called Sesame Cash, which is a no-fee, digital banking service. Sesame Cash was first offered to a limited number of existing customers in March and, after two months of a successful pilot, was made available to the general public in May.
The firms said that all STACK employees have moved to Credit Sesame.
According to Pymnts, Credit Sesame CEO and founder, Adrian Nazari, said, 'Together with STACK, we are combining the power of...
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