NewtekOne, Payroc form strategic alliance for embedded banking and lending solutions

NewtekOne

NewtekOne

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  • NewtekOne formed a strategic alliance with Payroc to embed NewtekOne banking, lending, payroll, insurance solutions into Payroc’s merchant platform.
  • Payroc will offer the products to more than 190,000 active merchants processing over $125 billion in annual card, ACH volume.
  • Merchants gain access to financing from $5,000 to $15 million, including 10 to 25-year amortization structures.
  • Payroc selected NewtekOne as its preferred strategic banking solutions partner following a partner review process.


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