Worldpay® has launched the Embedded Finance Engine, a new suite of best-in-class financial service products that its software platform partners can quickly integrate to drive higher retention and revenue growth while streamlining their tech stacks and ecosystems.
Worldpay’s Embedded Finance Engine is available to partners integrated with Worldpay for Platforms and includes embedded lending, banking and commercial card issuing products with plans to expand capabilities rapidly over the coming months.
Worldpay’s pre-built embedded finance components make it fast and easy for software platforms to deliver market-leading financial services directly from their business management applications. With a simple, single integration, Worldpay’s innovative Embedded Finance Engine — featuring modern programming architecture and configurable widgets — delivers embedded financial services that are ready to launch out of the box, without requiring major investment or additional resources.
James Armijo is chief executive officer at Inktavo, a leading software provider for branded merchandise makers and an early adopter of embedded lending from Worldpay. Armijo commented, “Inktavo’s mission is to help customers succeed and grow, and embedded lending is key to that. By integrating Worldpay’s capital lending into our software and payments solution, we addressed a critical need, stood out from competitors, and made a significant impact. We issued our first loan in 13 days, have funded $14.2 million so far, and expect that number to grow significantly.”