The deal is set to inject at least $300 million in annual funding into the digital bank’s platform, with initial capital deployment scheduled for the coming weeks. VersaBank leadership anticipates this volume could eventually climb beyond $500 million per year as the integration matures.

Founder and President David Taylor noted that the platform allows partners to finance individual loans within hours. By streamlining the approval cycle, the bank intends to drive down overall financing costs for its participants. This move marks a strategic effort to solidify the bank’s footprint in the U.S. market by leveraging its specialized asset technology.