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Magwitch Company Overview
Magwitch is a Lending‑as‑a‑Service (LaaS) fintech platform based in Jacksonville, Florida, that enables merchants and financial institutions to deliver in‑house loan offerings with real‑time application, underwriting, funding, and document execution—all through a tight, unified interface. The platform supports multiple verticals—including retail, home improvement, medical, automotive, and agriculture—while offering flexible financing options like installment loans, revolving credit, and lease‑to‑own. Magwitch automates end‑to‑end financing, integrating with banks and credit unions while granting lenders full control over underwriting decisions and helping merchants boost sales by providing instant purchasing power at the point of sale. In January 2025, U.S. Bank Avvance joined the platform, expanding Magwitch’s point‑of‑sale lending capabilities to a broader merchant base. Meanwhile, Magwitch also operates as a foreign‑registered LLC within Georgia, listing headquarters at 4651 Salisbury Rd, Jacksonville, FL.