Credit Sesame acquires Canadian challenger STACK for international expansion

Source: FinTech Futures

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.

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.

The combined firm aims to roll out several new features and resources designed to help consumers manage and grow their cash and credit faster, which the company expects will “further accelerate customer demand.” These include a smart bill pay service, savings roundup of transactions to save or pay down debt, and additional rewards programs and credit-building features.

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Credit Sesame acquires Canadian challenger Stack for international expansion - FinTech Futures

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