All articles tagged with #embedded finance
Stax Payments CEO Paulette Rowe emphasizes the importance of strategic partnerships, building, or acquiring in the payments industry to enhance profitability and adapt to rapid technological changes, especially AI, while controlling their own processing infrastructure to better serve vertical SaaS markets and emerging niches.
Nine payments companies, including newcomers GlossGenius and Mudflap, made Forbes' Fintech 50 2023 list, up from six in 2022. Fintech startups are racing to incorporate more useful functions beyond online payment processing into their offerings, with the aim of enabling non-financial businesses to do more at the point of sale. The big kahuna of payment processing, Stripe, remains the most valuable private fintech in the US, while GlossGenius and Melio have ridden the embedded finance trend to $360 million and $4 billion valuations, respectively.