Credit Card Startup Imprint Payments Plans First ABS Sale

Imprint Payments Inc. is planning its first-ever asset backed security, as the credit card startup looks to add another source of financing after securing a few bank facilities and a series C funding.

The fintech will offer securities backed by more than 350,000 credit card receivable accounts, according to a filing last week that didn’t provide details, such as size of the offering. Early marketing of the offering may start as soon as this week, according to people with knowledge of the matter who asked not to be identified.