Macro headwinds aside, embedded finance is poised for long-term growth. Itai Damti, CEO of the Banking-as-a-Service platform (BaaS) Unit, told PYMNTS that BaaS and embedded finance models would change the banking, payments and retail dynamics. Short term, the evolution of any ecosystem depends on the...
Banking-as-a-Service (BaaS) platform Unit has teamed up with digital-first bank Thread Bank to allow companies to embed banking services into their products. According to a Wednesday (Aug. 10) news release, those services include accounts, cards, payments and lending, all of which can be added in...
It was a big week for embedded payments innovations, with a developer in the space achieving unicorn status, banks identifying them as urgent priority in new research and businesses increasingly adopting them as part of their digitization efforts. Airbase Founder and CEO Thejo Kote joined PYMNTS to discuss...
Unit is now a unicorn. The Banking-as-a-Service (BaaS) platform announced this week that it raised $100 million in a Series C funding round that brings its valuation to $1.2 billion. This valuation makes Unit the first BaaS company to achieve unicorn status, when a private...
January 09, 2023
Macro headwinds aside, embedded finance is poised for long-term growth. Itai Damti, CEO of the Banking-as-a-Service platform (BaaS) Unit, told PYMNTS that BaaS and embedded finance models would change the banking, payments and retail dynamics. Short term, the evolution of any ecosystem depends on the availability of capital and the economy’s health. But, when looking […]
August 10, 2022
Banking-as-a-Service (BaaS) platform Unit has teamed up with digital-first bank Thread Bank to allow companies to embed banking services into their products. According to a Wednesday (Aug. 10) news release, those services include accounts, cards, payments and lending, all of which can be added in weeks using a single platform. “In collaboration with Thread, Unit […]
May 19, 2022
Unit is now a unicorn. The Banking-as-a-Service (BaaS) platform announced this week that it raised $100 million in a Series C funding round that brings its valuation to $1.2 billion....
June 17, 2021
Banking-as-a-Service (BaaS) platform Unit has raised $51 million in a Series B funding round, the company said in a Thursday (June 17) announcement. The financial services platform builder said the...
March 14, 2019
Uber’s self-driving vehicle unit is in talks with investors about raising $1 billion or higher in an effort to position itself for an initial public offering. The Wall Street Journal,...
