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ETZ adds SUI to IRA Offerings

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    San Francisco, California, July 24th, 2024, Chainwire

     

    ETZ is transforming retirement planning by making digital assets available to retirees

    ETZ, a premier service designed to simplify and enhance digital asset investing in retirement accounts, announced that it would offer SUI, the utility token powering Sui, a high-performance Layer 1 blockchain and smart contract platform, as an investment option integration for holders of its IRAs. ETZ now operates seamlessly with the Sui Network, which means that the SUI token can officially be held as an asset in a Tax-Advantaged Traditional or Roth IRAs, offering an unparalleled solution for investors looking to diversify their retirement portfolios while maintaining all of the tax advantages of keeping their assets in such a fund.

    ETZ employs a regulated, state-chartered trust company to hold self-directed IRAs and custody of assets, ensuring a secure and compliant investment environment while facilitating rollovers of IRAs and 401(k)s. Furthermore, ETZ is insured up to $320M, provides institutional-grade asset security, and FDIC insurance on cash balances, providing peace of mind to investors. It also offers digital asset access through a tax-advantaged SEP IRA to help companies attract top talent by providing a more modern and diverse retirement platform as a benefit.

    “At ETZ, we believe that increasing access to digital assets for every employee will transform employer incentive plans,” said Jiazi Guo, CEO of ETZ. “Sui’s meteoric rise in the blockchain space, backed by its unparalleled technology, underscores why we are so excited to offer our users the option to add Sui to their portfolios”

    “ETZ has done an immense amount of work breaking down barriers to open up a new category of options to real people looking to secure a financial future for themselves and their families,” said Gap Kim, Head of Marketing for the Sui Foundation. “With the unique tooling and products that ETZ has engineered, these retirees now have access to a suite of products that will enable them to diversify their holdings and take advantage of the latest generation of financial innovation.”

    ETZ’s integration with Sui is now live and investors can benefit from 24/7 access to their investments with the support of dedicated representatives, advanced security measures, and streamlined tax reporting.

    For more information about ETZ, users can visit https://etzsoft.com/. For more information about Sui, users can visit https://sui.io.

     

    Contact

    ETZ, Inc.
    [email protected]

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    Medallion Bank Announces Fintech Strategic Partnership With Kashable

    2024-09-30T10:00:00Z

    SALT LAKE CITY, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKP), an FDIC-insured bank specializing in consumer loans for the purchase of recreational vehicles, boats, and home improvements, as well as loan products and services offered through fintech strategic partners, today announced a strategic partnership with Kashable, a leading fintech company dedicated to providing socially responsible credit and financial wellness solutions. This collaboration builds on Medallion Bank’s existing nationwide financing footprint while expanding Kashable’s services to a broader audience, offering working Americans access to affordable personal loans.

    “Adding Kashable to our growing strategic partnership program expands Medallion Bank’s consumer finance reach while supporting Kashable’s mission to improve the financial well-being of its customers” stated Donald Poulton, President and Chief Executive Officer of Medallion Bank. “Medallion Bank is proud to leverage our expertise in lending and partnerships to help extend Kashable’s services to a broader audience of working Americans.”

    Medallion Bank will originate personal loans on the Kashable platform, enhancing Kashable’s ability to introduce its services to employers, benefit administration platforms, marketplaces, and industry brokers, further solidifying its leadership in the financial wellness industry.

    “Our relationship with Medallion Bank provides Kashable with a strong financial partner that will support us on our journey to expand financial wellness into new communities, employers, and their employees. This partnership enables us to leverage our patented proprietary system and demonstrate an unparalleled ability to look beyond credit scores alone to reward long-term, stable employees,” added Einat Steklov, Co-Founder and Co-CEO of Kashable. “The opportunities this partnership unlocks advance our mission of providing access to affordable credit with the convenience of automated repayments through deep integrations with HRIS and payroll systems.”

    About Medallion Bank

    Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners. The Bank works directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a Utah-chartered, FDIC-insured industrial bank headquartered in Salt Lake City and is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).

    For more information, visit www.medallionbank.com.

    About Kashable, LLC

    Kashable is a financial technology company that provides access to Socially Responsible Credit™ and financial wellness solutions for employees, offered as an employer-sponsored voluntary benefit. By partnering with hundreds of employers, Kashable helps to provide access to financial health and wellness tools to millions of employees.

    Founded in 2013, Kashable deploys innovative technology to improve the financial well-being of working Americans with a commitment to both reliability and affordability. Offering a smart, economical, and fast alternative for employees who may otherwise be driven to borrow from retirement plans, high-rate credit cards, or other high-cost loans to bridge short-term gaps in their finances, Kashable focuses on providing a path to financial security.

    For more information, visit Kashable.com.

    Forward-Looking Statements

    Please note that this press release contains forward-looking statements that involve risks and uncertainties relating to business performance, cash flow, costs, sales, net investment income, earnings, returns and growth. These statements are often, but not always, made through the use of words or phrases such as “remain,” “anticipate” or the negative version of this word or other comparable words or phrases of a future or forward-looking nature, such as “look forward.” These statements may relate to our future earnings, returns, capital levels, sources of funding, growth prospects, asset quality and pursuit and execution of our strategy. Medallion Bank’s actual results may differ significantly from the results discussed in such forward-looking statements. For a description of certain risks to which Medallion Bank is or may be subject, please refer to the factors discussed under the captions “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” included in Medallion Bank’s Form 10-K for the year ended December 31, 2023, and in its Quarterly Reports on Form 10-Q, filed with the FDIC. Medallion Bank’s Form 10-K, Form 10-Qs and other FDIC filings are available in the Investor Relations section of Medallion Bank’s website. Medallion Bank’s financial results for any period are not necessarily indicative of Medallion Financial Corp.’s results for the same period.

    Medallion Bank Contact:
    Investor Relations
    212-328-2176
    [email protected]

    Kashable Contact:
    [email protected]


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