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Credit UX: Starter Loans from Self Lender

Fintech Labs Insights

Enter Self Lender , an Austin, TX-based startup with $17 million in funding. Self Lender’s bank partners, put aside the total of all the monthly payments into an FDIC deposit account. Bank partners originating the accounts and holding deposit are Lead Bank, Sunrise Banks and Atlantic Capital Bank.

UX 12
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Bankers: Is your strategy the same as your competitor?

Jeff For Banks

The amount of deposits available to us while maintaining full FDIC insurance protection for our trust customers has consistently exceeded $30 million for the last three years. Texas Capital Bancshares, Inc. We are able to utilize relatively low cost deposits provided by our trust activities to fund additional loan growth.

Strategy 100