CFC Quarterly Financial Performance
CCBX
CCBX PARTNER ACTIVITY
CCBX Partner Activity
Business Overview
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CCBX provides banking as a service (BaaS) that
enables broker dealers and digital financial services
partners to offer their customers banking services
18 active partners with 3 more currently in the
testing or signed LOI stage as of June 30, 2023:
• Robust sourcing capabilities and intensive due diligence
process
We continue to refine the criteria for CCBX partnerships
and are exiting relationships where it makes sense for
both parties and are focusing on selecting larger and
more established partners, with experienced management
teams.
• Fee-based business model primarily driven by:
Servicing, expense recovery and other BaaS fees
Interchange and transaction fees
Credit and fraud enhancements
Interest income
4
Note: Data as of and for the quarter ended June 30, 2023, unless otherwise indicated
June 30, 2022
March 31, 2023
June 30, 2023
Wind down - preparing to exit relationship
Signed letters of intent
Implementation / onboarding
Friends and family / testing
Active
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