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2 min read
March 6, 2025

Embedded Finance: Non-Financial Apps Are Adding Payments, Lending, and Banking

Embedded finance lets any app offer payments, lending, insurance, and banking features without becoming a financial institution. APIs make it accessible to any business.

Ryel Banfield

Founder & Lead Developer

Shopify offers business loans. Uber provides a debit card to drivers. Toast gives restaurant owners instant cash advances. These are not financial companies — they are platforms that embedded financial services into their existing products.

The embedded finance market is projected to exceed $7 trillion by 2030. Thanks to APIs and Banking-as-a-Service (BaaS) providers, this capability is now accessible to small and medium-sized businesses too.

What Is Embedded Finance

Embedded finance means integrating financial services — payments, lending, insurance, banking — directly into a non-financial application. Users never leave the app to access these services.

Types of Embedded Finance

Embedded Payments

Accept payments directly within your platform instead of redirecting to external processors.

Examples: In-app checkout, marketplace payments, subscription billing Providers: Stripe, Adyen, Square, PayPal

Embedded Lending

Offer loans or buy-now-pay-later options within your platform.

Examples: Point-of-sale financing, cash advances for merchants, invoice factoring Providers: Stripe Capital, Shopify Capital, Affirm, Klarna

Embedded Insurance

Offer relevant insurance products at the point of transaction.

Examples: Shipping insurance at checkout, rental protection, warranty coverage Providers: Cover Genius, Boost Insurance, Sure

Embedded Banking

Offer bank accounts, cards, and money management within your platform.

Examples: Branded debit cards, business accounts, wallet features Providers: Unit, Treasury Prime, Synapse, Column

Embedded Investing

Let users invest within your platform.

Examples: Round-up investing, payroll-deducted investing, reward points to stocks Providers: DriveWealth, Alpaca, Apex Fintech Solutions

How It Works Technically

Your App → BaaS API → Licensed Financial Institution
           ↓
     - Payment processing
     - Loan underwriting
     - Account management
     - Regulatory compliance

You build the user experience. The BaaS provider handles the financial infrastructure and regulatory requirements. The licensed bank holds the funds and ensures compliance.

Revenue Models

Transaction Fees

Take a percentage or flat fee on every transaction processed through your platform.

Interest Spread

Earn a spread on loans originated through your platform.

Revenue Share

Split insurance premiums or banking fees with the provider.

Interchange

Earn interchange fees on branded card transactions.

Real-World Examples for Small Businesses

SaaS Platform for Contractors

A project management tool for contractors could:

  • Offer instant payouts when invoices are marked complete
  • Provide next-day financing against outstanding invoices
  • Include liability insurance at project creation

E-commerce Platform

An online marketplace could:

  • Offer buyer financing at checkout (BNPL)
  • Provide seller cash advances based on sales history
  • Include shipping insurance automatically

Property Management Software

A rental management platform could:

  • Collect rent payments in-app
  • Offer rent reporting to credit bureaus
  • Provide renter's insurance during lease signing

Implementation Complexity

FeatureComplexityTime to ImplementProvider
Payment processingLowDays to weeksStripe
BNPL at checkoutLow-Medium1-2 weeksAffirm, Klarna
Branded cardsMedium4-8 weeksUnit, Marqeta
LendingHigh2-3 monthsStripe Capital
Full bankingVery High3-6 monthsUnit, Treasury Prime

Regulatory Considerations

Embedded finance does not make you a bank, but it does create compliance obligations:

  • KYC/AML: Know Your Customer and Anti-Money Laundering checks
  • Data security: PCI-DSS for payment data
  • Licensing: Your BaaS partner holds the license, but partnership agreements matter
  • Disclosures: Financial product disclosures required by law
  • State regulations: Money transmission laws vary by state

Our Integration Experience

We have integrated payment processing into multiple client platforms using Stripe and similar providers. For clients exploring deeper embedded finance features, we architect the platform to cleanly integrate BaaS APIs while maintaining security and compliance requirements.

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