Austin Capital Bank, a $71.4 million-asset institution based in Texas, will originate loans for a new online consumer lending platform called Self Lender, the two companies announced.

Denver-based Self Lender is marketing loans that it says will build the credit history of Americans who are financially underserved and have thin credit files. The deal with Austin Capital Bank will allow those loans to be marketed nationwide, according to the companies.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.