The infrastructure players letting SaaS products add accounts, cards, and payments without becoming a bank.
8 Embedded Finance and Banking-as-a-Service Platforms to Know
A roundup of the banking-as-a-service and embedded finance platforms powering non-bank apps in 2026, from card issuing to white-label business accounts.
Embedded finance's hype cycle peaked around 2022; what's left in 2026 is a smaller, more durable set of infrastructure providers that SaaS platforms and marketplaces actually build on. Here are eight worth knowing.
01Card issuing and payments
Marqeta — Modern card issuing and payment processing infrastructure, letting companies create and manage virtual and physical cards with real-time transaction controls.
Stripe — Beyond checkout, Stripe Treasury and Stripe Connect let platforms embed bank-grade money movement and payouts directly into their product.
Adyen — A payment routing and processing platform frequently paired with embedded finance stacks for handling the transaction layer at scale.
02Banking-as-a-service (accounts, licenses)
Railsr — BaaS infrastructure giving companies API access to regulated banking capabilities — accounts, payments, card issuing — without needing their own banking license.
Unit — A BaaS platform focused on helping software companies launch embedded banking products (accounts, cards, lending) quickly.
Solaris — A European banking-as-a-service provider offering licensed infrastructure for accounts, cards, and lending to non-bank platforms.
Galileo — Card and account processing infrastructure used by fintechs and platforms to issue and manage payment products.
03White-label embedded banking
Qonto Embed — An embedded banking offering from European business-banking leader Qonto, letting SaaS, ERP, accounting, and vertical software platforms add white-label business accounts and co-branded cards without building banking infrastructure themselves.
04The bigger picture
Trackers now map more than 250 embedded finance and BaaS providers across 17 categories — from card issuing and lending to compliance, payroll, and FX — a sign the category has matured from "a few pioneers" into genuine market infrastructure. For a product team evaluating this space, the real decision isn't which provider has the most features, but which regulatory and licensing model (direct BaaS partner vs. program manager vs. full bank partnership) fits the compliance appetite of the business.
05Sources
SDK.finance: Top Embedded Finance Companies 2026, OpenBankingTracker: Embedded Finance Companies 2026, Gemba: Top Embedded Banking Platforms 2026.
Frequently asked questions
Banking-as-a-service (BaaS) is the licensed infrastructure layer (accounts, ledgers, card issuing); embedded finance is the broader practice of any non-bank product offering financial features, often built on top of a BaaS provider.
Generally no — that's the point. Providers like Railsr and Solaris hold or partner with the regulated licenses so client companies can offer accounts and cards without becoming a licensed bank themselves.