---
schema_version: "secwatch.filing_event.v1"
accession: "0001856365-24-000054"
form_type: "8-K"
ticker: "FINW"
cik: "0001856365"
company_name: "Finwise Bancorp"
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:26:03.954120+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# FinWise Bancorp unveils payments expansion, highlights 44.5% lower-risk portfolio and strong capital

## Summary
- Launches Payments (MoneyRails) and BIN Sponsorship to diversify revenue and drive growth (under development).
- Combined SBA guaranteed & Strategic Program HFS loans total 44.5% of portfolio as of 2Q24 (up from 28.4% end of 2022).
- Total FTEs at 191 as of 2Q24; 39% in IT, compliance, risk management, and BSA functions.
- Efficiency ratio (non-GAAP) 66.3% for 2Q24 vs 60.6% in 2Q23, reflecting infrastructure investments.
- Well-capitalized: Bank capital levels significantly above well-capitalized regulatory guidelines.

## SEC filing metadata
- accession: 0001856365-24-000054
- form_type: 8-K
- ticker: FINW
- cik: 0001856365
- company_name: Finwise Bancorp
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856365/000185636524000054/0001856365-24-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856365/000185636524000054/finw-20240814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856365-24-000054
- JSON: https://secwatch.observer/filing/0001856365-24-000054.json
- Plain text: https://secwatch.observer/filing/0001856365-24-000054.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.