Best Egg, a Delaware-based fintech focused on consumer lending, has announced a new lending partnership with Column, a nationally chartered bank.

The agreement will see Column provide funding for both secured and unsecured personal loans issued by Best Egg.

The partnership is aimed at supporting Best Egg’s continued growth and expanding access to its lending products, particularly those designed for consumers with limited savings.

“As the fintech landscape continues to evolve, success depends on building partnerships that are both forward-thinking and operationally strong,”

said Bobby Ritterbeck, President at Best Egg.

“Column’s modern infrastructure and shared commitment to innovation make them an ideal partner as we continue scaling our lending solutions, especially for customers with limited savings who need access to reliable, flexible products.”

Column offers banking infrastructure tailored to the needs of modern fintechs, and operates as a direct participant in the US Federal Reserve System.

The bank provides lending, payments, and deposit services backed by its regulated status and balance sheet capacity.

Commenting on the collaboration, Brian Fishbein, Chief Investment Officer at Column, said:

“Best Egg pairs disciplined underwriting with a clear mission to serve everyday customers. That combination of rigour and purpose is already driving huge growth, and makes them a natural and exciting fit for Column’s scalable banking infrastructure.”

Since its launch, Best Egg has originated over US$30 billion in consumer loans.

The company continues to expand its partnerships to broaden its lending capabilities and address the financial needs of individuals with limited savings.

Featured image credit: Edited by Fintech News America, based on image by freedomz via Freepik