Unit
UnclaimedElevate your platform with embedded finance solutions for accounts, payments, and cards.
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TL;DR - Unit
- Embed banking, payments, and capital directly into your software platform.
- Choose between quick 'Ready-to-Launch' solutions or 'Custom' API integrations.
- Increase customer engagement, unlock new revenue, and grow customer lifetime value.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Enables software platforms to offer comprehensive financial services.
- Increases customer engagement and retention by centralizing financial activities.
- Unlocks new revenue streams through embedded financial products.
- Offers flexible integration options: quick launch or full custom control.
- Handles complex financial operations, compliance, and fraud protection.
Cons
- Requires integration into an existing software platform.
- Specific pricing details are not publicly available.
- May require significant development effort for custom integrations.
Preview
Key Features
Accounts and Wallets (FBO)Money Movement (same-day ACH, wire, check, push-to-card)Card Issuing (debit, credit, charge cards)Capital (working capital, credit lines)Bill Pay solutionsDirect integration with Federal Reserve and card networksManaged customer support and fraud protectionRevenue share model for Ready-to-Launch solutions
Pricing
Paid
Unit offers paid plans. Visit their website for current pricing details.
About Unit
By Toolradar Team·
Unit is an embedded finance platform that allows software companies to integrate banking, payment, and lending services directly into their products. It provides the infrastructure and tools for businesses to offer financial solutions like accounts, money movement, card issuing, and capital to their customers, enhancing engagement and unlocking new revenue streams.
The platform offers two main approaches: 'Ready-to-Launch' solutions for quick deployment with minimal code, and 'Custom' solutions for full control and deep integration via APIs. Unit handles the complexities of financial operations, including compliance, fraud protection, and customer support, enabling businesses to become a comprehensive financial hub for their users, whether they are businesses, independent workers, or consumers.
How we evaluate tools →Source: unit.co
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Unit FAQ
What specific financial products can be embedded using Unit's platform?
Unit's platform allows for the embedding of accounts and wallets (FBO), various money movement options like same-day ACH, wire, and check, branded debit and credit card issuing, and capital solutions such as working capital, charge cards, or credit cards.
How does Unit support different implementation approaches for embedding financial services?
Unit offers two main approaches: 'Ready-to-Launch' for fully managed solutions with a single line of code, aiming for a 3-week launch, and 'Custom' for designing unique money experiences with direct integration to the Federal Reserve and card networks, targeting a 6-week launch.
What types of customers can Unit's embedded finance solutions cater to?
Unit provides solutions tailored for businesses, enabling them to embed capital, banking, and expenses; for independent workers, offering instant payouts, wallets, and cards; and for consumers, focusing on balances, cards, and money movement to increase engagement.
What is the typical timeframe for launching a custom embedded finance solution with Unit?
A custom embedded finance solution, designed with full control and powered by direct integration with the Federal Reserve and card networks, typically aims for a launch within 6 weeks.
Can Unit's platform facilitate both debit and credit card issuing?
Yes, Unit's card issuing capabilities include both branded debit and credit cards, allowing platforms to create smarter money experiences for their users.
Source: unit.co