FinWise Bancorp completed the acquisition of an additional 10 percent stake in Business Funding Group, LLC.
FinWise Bancorp (NasdaqGM:FINW) completed the acquisition of an additional 10 percent stake in Business Funding Group, LLC on February 5, 2024. FinWise issued in the aggregate 339,176 shares of Common Stock of the Company, par value $0.001 per share to the sellers in exchange for the additional membership interest in BFG giving the Company a combined 20% ownership interest in BFG.