Unit
Unit is an innovative embedded finance platform that empowers businesses to seamlessly integrate financial services into their products. By offering APIs, SDKs, and white-label solutions, Unit enables companies to provide features such as checking and savings accounts, debit and credit cards, and various payment options directly within their own applications. This integration helps businesses enhance their customer experience, increase revenue, and improve retention rates. Unit’s streamlined approach simplifies the complex process of launching financial services, allowing companies to quickly and efficiently bring these offerings to market.
- Year Founded: 2019
- Unit was established in 2019, marking its entry into the fintech industry with a focus on embedded finance solutions.
- CEO: Itai Damti
- The company is led by Itai Damti, who brings extensive experience and vision to drive Unit’s mission of integrating financial services seamlessly into various business applications.
- Headquarters: New York, USA
- Unit is headquartered in New York, USA, positioning it at the heart of one of the world’s leading financial hubs, which supports its growth and innovation in the fintech space.
Why Choose Unit?
1. Seamless Integration:
- Unit provides a comprehensive suite of APIs, SDKs, and white-label solutions that make it easy for businesses to integrate financial services like checking and savings accounts, debit and credit cards, and various payment options directly into their applications.
2. Enhanced Customer Experience:
- By embedding financial services within their products, businesses can offer a more cohesive and engaging user experience, leading to higher customer satisfaction and retention rates.
3. Increased Revenue:
- Offering financial services opens up new revenue streams. For example, businesses can earn interchange fees from debit card transactions or interest from savings accounts.
4. Reduced Costs:
- Unit’s solutions help businesses save on the costs associated with developing and maintaining financial services, including compliance, infrastructure, and operational expenses.
5. Quick Time to Market:
- Unit simplifies the traditionally complex process of launching financial services, allowing businesses to bring these offerings to market quickly and efficiently without needing extensive development or regulatory expertise.
6. Focus on Core Offerings:
- With Unit handling the heavy lifting of compliance, risk management, and infrastructure, businesses can focus on their core products and services, ensuring they deliver the best possible experience to their customers.