Banking-as-a-service (BaaS) platforms continue to be at the heart of driving access to digital financial services through their technology that offers fintech capabilities to non-bank businesses. Businesses are tapping these platforms to get past difficulties and time-consuming processes, such as building tech infrastructure and acquiring requisite regulatory approvals, to offer financial services such as cards, […]
Embedded accounting startup Layer secures $2.3M toward goal of replacing Quickbooks
Embedded finance is usually what we hear about when brands and non-financial businesses want to offer financial products or services — like banking, insurance, lending and payments — to provide a better user experience for customers. Layer is leaning into that better user experience, but with embedded accounting. Its customers are those, like Square or […]
Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack
Stripe continues to hold the title of being the biggest financial technology business still in private hands, with a current valuation of about $ 65 billion and a whopping $ 1 trillion in total processed payment volume last year alone. But fintech is fragmented and a fast-moving target, and with competitors chipping away at its place, […]