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An independent annual ranking of the platforms that let software firms, retailers, travel sellers and marketplaces offer accounts, cards, business finance and insurance under their own brand. 14 providers, six criteria, nothing paid for.
Scores out of 100. Each segment weights the criteria differently; the method is below. Facts read on 26 October 2026 from the providers' own pages.
The mean of the 3 segment scores.
| Rank and provider | Score /100 | Status | Strongest for |
|---|---|---|---|
| 1. Qover | 84 | Embedded insurance platform and insurance agent | Firms selling cover across Europe and the UK |
| 2. Cover Genius | 73 | Embedded insurance distribution platform | Global retailers, airlines and marketplaces selling cover in many countries |
| 3. Weavr | 72 | Embedded finance platform | UK and EU software firms adding accounts and cards at a published price |
| 4. Unit | 59 | Embedded banking platform | US software firms adding accounts, cards and credit |
| 5. Swan | 56 | Embedded banking platform and e-money institution | European software firms wanting accounts and cards under their own brand |
| 6. Solaris | 54 | Banking-as-a-service platform with a German banking licence | European brands wanting accounts, cards and consumer lending under a bank licence |
| 7. bolttech | 53 | Embedded insurance exchange | Telecoms, retailers and banks selling device and travel cover in many markets |
| 8. YouLend | 51 | Embedded business finance platform | Marketplaces and payment firms offering merchant finance quickly |
| 9. Liberis | 50 | Embedded business finance platform | Payment and software platforms offering funding to small businesses |
| 10. Igloo | 47 | Embedded insurance platform | Ecommerce, telecoms and finance firms selling cover in Southeast Asia |
| 11. Treasury Prime | 42 | Embedded banking network | US fintechs wanting a choice of sponsor banks |
| 12. Synctera | 42 | Embedded banking platform | US and Canadian fintechs launching accounts and cards with a sponsor bank |
| 13. Boost Insurance | 41 | Embedded insurance infrastructure | US insurtechs and platforms launching their own branded programmes |
| 14. Railsr | 35 | Embedded finance platform | Brands testing card and wallet products through staged sandboxes |
Weighted to product range and integration: several products through one API, live quickly inside the software.
| Rank and provider | Score /100 | Status | Strongest for |
|---|---|---|---|
| 1. Qover | 81 | Embedded insurance platform and insurance agent | Firms selling cover across Europe and the UK |
| 2. Weavr | 71 | Embedded finance platform | UK and EU software firms adding accounts and cards at a published price |
| 3. Cover Genius | 70 | Embedded insurance distribution platform | Global retailers, airlines and marketplaces selling cover in many countries |
| 4. Unit | 60 | Embedded banking platform | US software firms adding accounts, cards and credit |
| 5. Swan | 56 | Embedded banking platform and e-money institution | European software firms wanting accounts and cards under their own brand |
| 6. bolttech | 53 | Embedded insurance exchange | Telecoms, retailers and banks selling device and travel cover in many markets |
| 7. Solaris | 52 | Banking-as-a-service platform with a German banking licence | European brands wanting accounts, cards and consumer lending under a bank licence |
| 8. Liberis | 50 | Embedded business finance platform | Payment and software platforms offering funding to small businesses |
| 9. YouLend | 49 | Embedded business finance platform | Marketplaces and payment firms offering merchant finance quickly |
| 10. Igloo | 45 | Embedded insurance platform | Ecommerce, telecoms and finance firms selling cover in Southeast Asia |
| 11. Treasury Prime | 45 | Embedded banking network | US fintechs wanting a choice of sponsor banks |
| 12. Synctera | 42 | Embedded banking platform | US and Canadian fintechs launching accounts and cards with a sponsor bank |
| 13. Railsr | 40 | Embedded finance platform | Brands testing card and wallet products through staged sandboxes |
| 14. Boost Insurance | 38 | Embedded insurance infrastructure | US insurtechs and platforms launching their own branded programmes |
Weighted to product range and reach: cover or finance offered at checkout in every country the firm sells to.
| Rank and provider | Score /100 | Status | Strongest for |
|---|---|---|---|
| 1. Qover | 88 | Embedded insurance platform and insurance agent | Firms selling cover across Europe and the UK |
| 2. Cover Genius | 81 | Embedded insurance distribution platform | Global retailers, airlines and marketplaces selling cover in many countries |
| 3. Weavr | 71 | Embedded finance platform | UK and EU software firms adding accounts and cards at a published price |
| 4. bolttech | 65 | Embedded insurance exchange | Telecoms, retailers and banks selling device and travel cover in many markets |
| 5. Solaris | 62 | Banking-as-a-service platform with a German banking licence | European brands wanting accounts, cards and consumer lending under a bank licence |
| 6. Swan | 60 | Embedded banking platform and e-money institution | European software firms wanting accounts and cards under their own brand |
| 7. Unit | 58 | Embedded banking platform | US software firms adding accounts, cards and credit |
| 8. Liberis | 55 | Embedded business finance platform | Payment and software platforms offering funding to small businesses |
| 9. YouLend | 53 | Embedded business finance platform | Marketplaces and payment firms offering merchant finance quickly |
| 10. Igloo | 53 | Embedded insurance platform | Ecommerce, telecoms and finance firms selling cover in Southeast Asia |
| 11. Synctera | 48 | Embedded banking platform | US and Canadian fintechs launching accounts and cards with a sponsor bank |
| 12. Treasury Prime | 47 | Embedded banking network | US fintechs wanting a choice of sponsor banks |
| 13. Boost Insurance | 44 | Embedded insurance infrastructure | US insurtechs and platforms launching their own branded programmes |
| 14. Railsr | 39 | Embedded finance platform | Brands testing card and wallet products through staged sandboxes |
Weighted to regulatory standing and security: a partner whose own licence and controls will stand up to a regulator's review.
| Rank and provider | Score /100 | Status | Strongest for |
|---|---|---|---|
| 1. Qover | 82 | Embedded insurance platform and insurance agent | Firms selling cover across Europe and the UK |
| 2. Weavr | 73 | Embedded finance platform | UK and EU software firms adding accounts and cards at a published price |
| 3. Cover Genius | 68 | Embedded insurance distribution platform | Global retailers, airlines and marketplaces selling cover in many countries |
| 4. Unit | 59 | Embedded banking platform | US software firms adding accounts, cards and credit |
| 5. YouLend | 52 | Embedded business finance platform | Marketplaces and payment firms offering merchant finance quickly |
| 6. Swan | 52 | Embedded banking platform and e-money institution | European software firms wanting accounts and cards under their own brand |
| 7. Solaris | 49 | Banking-as-a-service platform with a German banking licence | European brands wanting accounts, cards and consumer lending under a bank licence |
| 8. Igloo | 44 | Embedded insurance platform | Ecommerce, telecoms and finance firms selling cover in Southeast Asia |
| 9. Liberis | 44 | Embedded business finance platform | Payment and software platforms offering funding to small businesses |
| 10. Boost Insurance | 42 | Embedded insurance infrastructure | US insurtechs and platforms launching their own branded programmes |
| 11. bolttech | 42 | Embedded insurance exchange | Telecoms, retailers and banks selling device and travel cover in many markets |
| 12. Synctera | 36 | Embedded banking platform | US and Canadian fintechs launching accounts and cards with a sponsor bank |
| 13. Treasury Prime | 35 | Embedded banking network | US fintechs wanting a choice of sponsor banks |
| 14. Railsr | 26 | Embedded finance platform | Brands testing card and wallet products through staged sandboxes |
Each criterion is scored 0 to 5 against the best published offer in this edition. 0 means not offered or not published.
| Provider | Product range | Published pricing | Regulatory standing | Geographic reach | Integration and launch | Security |
|---|---|---|---|---|---|---|
| Qover | 5 | 0 | 5 | 5 | 5 | 3 |
| Cover Genius | 5 | 0 | 5 | 5 | 4 | 0 |
| Weavr | 3 | 3 | 3 | 4 | 4 | 5 |
| Unit | 5 | 0 | 2 | 2 | 3 | 5 |
| Swan | 3 | 1 | 4 | 3 | 4 | 0 |
| Solaris | 5 | 0 | 3 | 4 | 2 | 0 |
| bolttech | 5 | 0 | 1 | 5 | 3 | 0 |
| YouLend | 1 | 1 | 5 | 3 | 4 | 0 |
| Liberis | 3 | 0 | 3 | 3 | 4 | 0 |
| Igloo | 5 | 0 | 3 | 3 | 1 | 0 |
| Treasury Prime | 3 | 0 | 2 | 2 | 4 | 0 |
| Synctera | 3 | 0 | 2 | 3 | 3 | 0 |
| Boost Insurance | 1 | 0 | 4 | 3 | 3 | 0 |
| Railsr | 3 | 0 | 1 | 1 | 4 | 0 |
6 criteria, scored only from what each provider publishes.
The financial products a non-financial firm can offer its own customers through the provider: accounts, cards, payments, business finance such as loans or cash advances, and lines of insurance such as travel, device, shipping or motor cover.
Platform fees and usage charges on a pricing page. "From" and "starting at" prices do not count.
Whether the provider holds its own licence (as a bank, e-money or payment firm, insurer or insurance intermediary) and publishes the regulator and licence number, or relies on a partner's licence.
The published number of countries, or US states, where the products can be offered.
A documented API, a sandbox (a test environment with simulated money or policies), a white-label or ready-made customer journey the firm can brand, and a stated time to launch.
SOC 2 Type II (an independent auditor's report on how well security controls worked over a period), ISO 27001 (the international certificate for managing information security) and, for card products, PCI DSS (the card industry's data security standard).
| Criterion | Software and platform companies | Retailers, travel and marketplaces | Regulated firms adding products |
|---|---|---|---|
| Product range | 25 | 25 | 15 |
| Published pricing | 15 | 10 | 10 |
| Regulatory standing | 15 | 15 | 30 |
| Geographic reach | 10 | 25 | 15 |
| Integration and launch | 25 | 20 | 10 |
| Security | 10 | 5 | 20 |
| Criterion | 5 | 3 | 0 |
|---|---|---|---|
| Product range | Four or more product lines published | Two or three product lines published | Not published |
| Published pricing | Monthly platform fee and usage fees published | Platform fee published with set-up or usage fees left out | Not published, or "from" prices only |
| Regulatory standing | Own licence with regulator and number published in more than one jurisdiction | Own licence in one jurisdiction, or a partner's licence with its number | Not published |
| Geographic reach | 30 or more countries, or all US states plus other countries | About 5 to 15 countries, or one country nationwide | Not published |
| Integration and launch | API, sandbox, white-label journey and a stated launch time | API with one other option | Not published |
| Security | Two or more of SOC 2 Type II, ISO 27001 and PCI DSS published | One published | Not published |
Score out of 100 is the sum of each criterion score divided by five and multiplied by its weight. The overall ranking is the mean of the segment scores. Ties are broken by regulatory standing, then product range. A provider that does not publish a price is scored as though the price were high, because a business cannot plan on an unpublished price. Prices are scored on the standard published rate, never an introductory, promotional or "from" rate, and a figure counts only when it appears on a pricing, fee or terms page rather than in a marketing line. A provider that serves one country only is scored on access for that country, and the limitation is printed in its profile.
What each provider publishes, criterion by criterion, with the date read and the source.
A Belgian embedded insurance platform and regulated insurance agent covering 32 European countries plus a UK branch. It publishes its Belgian and UK register numbers, five insurance lines, a test key for its API, white-label flows, a launch in weeks and ISO 27001. It publishes no prices.
| Products | Insurance solutions: "Accident & health", "Mobility", "Purchase", "Travel" and "Property"; "Since 2016, Qover has helped 440+ brands & insurers cover millions of people." |
| Regulatory standing | "Qover is a Belgian-regulated untied insurance agent"; footer: "FSMA 0650.939.878 FCA: FRN 988985"; UK services "through our local branch, which is authorised and regulated by the Financial Conduct Authority". |
| Reach | "insurance distribution activities on behalf of insurance companies across 32 countries in Europe" under the Freedom of Services. |
| Integration | "Explore our API capabilities and receive your own test key"; "Choose a white-label flow or embed it in your app via API"; "launch in weeks, not months". |
| Security | "ISO 27701 & 27001 certified". |
| Date read | Read 26 October 2026 |
Facts read on 26 October 2026 from: www.qover.com, www.qover.com.
An embedded insurance distributor whose XCover platform offers travel, shipping, motor, liability and marketplace protection, licensed or authorised in over 60 countries and all 50 US states. It publishes licence numbers for the UK, EU, Australia and New Zealand. It publishes no prices and no security certificates on the pages read.
| Products | "motor, travel, injury and liability insurance policies"; shipping protection; marketplace protection; warranties and "any line of insurance, warranty or other type of protection". |
| Regulatory standing | UK: "Cover Genius Ltd, a firm authorised and regulated by the Financial Conduct Authority (Firm Reference No. 750711)"; EEA: AFM "license number 12046177"; Australia: "AFS Licensee, No 490058"; New Zealand: "FSP1001258". |
| Reach | "Licensed or authorized in over 60 countries and all 50 US states." |
| Integration | RESTful APIs; "100% white-labeled" experience; "Go live in weeks with minimal development resources". |
| Clients | Quoted clients include Priceline and Turkish Airlines ("seamless integration in 56 countries"). |
| Date read | Read 26 October 2026 |
Facts read on 26 October 2026 from: covergenius.com, covergenius.com, covergenius.com.
A UK embedded finance platform for business software, offering accounts, payments and cards under its partners' e-money licences. It is the only provider in this edition to publish a monthly platform price, and it publishes a sandbox, a launch in weeks, ISO 27001 and PCI DSS. It does not hold its own e-money licence.
| Pricing | Launch plan: "£ 1,947 / € 2,370 per month"; "does not include initial setup project, financial product usage charges, and compliance service charges". Scale plan by request. |
| Products | "Digital wallets, payment cards and accounts"; use cases for employee benefits, expenses, accounts payable, SaaS subscriptions and business travel. |
| Regulatory standing | EU accounts and Mastercard cards issued by Paynetics AD, an e-money institution regulated by the Bulgarian National Bank; UK by Paynetics UK; Weavr Ltd is an agent of Yapily Connect Limited, FCA "Firm Reference Number: 827001". |
| Integration | "Embedder Portal Sandbox" and API reference; "Get up and running with your new embedded finance programme in a few weeks." |
| Security and reach | "ISO 27001 certified" and "PCI DSS Compliant"; Launch plan "Available for approved B2B payments use cases in EU and UK". |
| Date read | Read 26 October 2026 |
Facts read on 26 October 2026 from: www.weavr.io, www.weavr.io.
A US embedded banking platform offering accounts, debit, prepaid, charge and credit cards, lines of credit and invoice factoring through partner banks. It publishes SOC 2 Type II, PCI DSS Level 1 and AWS hosting. Banking is provided by partner banks that are not named on the pages read, and no prices are published.
| Products | Deposit accounts; "Branded prepaid, debit and credit cards"; charge cards; "Lines of credit, invoice factoring and credit cards"; bill pay. |
| Regulatory standing | "Unit is a financial technology company and not a bank. Banking services are provided by Unit's bank partners, Members FDIC." |
| Security | "Unit is certified SOC 2 Type II and PCI DSS Level 1 compliant." "Unit applications and solutions are fully built in the AWS cloud environment." |
| Integration | API documentation, sandbox and API status page published. |
| Scale | "Unit doubles transaction volume to $100B within 12 months"; client Relay serves "110,000+ small businesses". |
| Date read | Read 26 October 2026 |
Facts read on 26 October 2026 from: www.unit.co, www.unit.co, www.unit.co.
A French e-money institution offering accounts with local IBANs, payments and cards to software platforms, with a free sandbox and a white-labelled banking app. It publishes its ACPR authorisation and where client money is safeguarded. Its price is a "from" figure only and no security certificates are published on the pages read.
| Products | Business accounts with "Local accounts with IBANs starting with FR, DE, ES, NL and IT"; "SEPA and multi-currency transfers"; payment acceptance; physical and virtual cards; expense and employee benefit cards. |
| Pricing | Swan on demand: "Starting from 2990 € /m"; Swan Enterprise: custom; "flexible, revenue-sharing pricing". |
| Regulatory standing | "Swan is a licensed electronic money institution authorised by the French Autorité de Contrôle Prudentiel et de Résolution (ACPR), under the REGAFI identifier 86245 and identification code 17328 K". |
| Integration | "The Sandbox is free to explore!"; "White-labeled banking app (your brand, your settings)"; API explorer and Postman collection. |
| Safeguarding | Client funds "are segregated and deposited with our banking partners, BNP Paribas and Natixis - Groupe BPCE". |
| Date read | Read 26 October 2026 |
Facts read on 26 October 2026 from: www.swan.io, www.swan.io.
A German banking-as-a-service provider with a full banking licence, offering accounts, debit, prepaid and credit cards, overdrafts, instalments and consumer loans across the EU. It publishes its licence type and regulator but not a licence number, prices, launch time or security certificates.
| Products | "checking, savings, sub-accounts or multi-accounts"; debit, prepaid and credit cards; "overdrafts, installments (Splitpay) and consumer loans". |
| Regulatory standing | "We obtained a full German banking license (CRR) in 2017"; "a licensed bank regulated by the German Federal Financial Supervisory Authority". |
| Reach | "With our German banking license, we can operate in all EU countries." |
| Integration | "some of the most advanced RESTful APIs in the European market"; "Our entire banking infrastructure is cloud-based." |
| Model | "As a B2B2X platform, Solaris is always a neutral partner and never competes for customers." |
| Date read | Read 26 October 2026 |
Facts read on 26 October 2026 from: www.solarisgroup.com, www.solarisgroup.com.
An international insurance exchange that lets businesses embed insurance from hundreds of insurers, with 7,000+ products across 39 markets. It publishes a quote, bind and pay API and a no-code product builder. It publishes no licence numbers, prices, launch time or security certificates on the pages read.
| Products | "7,000+ Products on platform"; device protection, trade-in, rental and upgrade; travel protection; "Instant access to hundreds of insurer product connections". |
| Reach | "39 Markets across four continents"; "700+ Distribution partners"; "US$90bn+ Quoted premiums annually". |
| Integration | "Embed a quote, bind, and pay API in any customer journey"; "no-code insurance product and pricing configurator"; partner portal for non-licensed partners. |
| Regulatory standing | "On-line and off-line licensed entities to help sell on-line and off-line regulated products"; regulators and licence numbers not named on the page read. |
| Model | "Launched in 2020, bolttech is a high-growth international insurtech business." |
| Date read | Read 26 October 2026 |
Facts read on 26 October 2026 from: bolttech.io.
A UK embedded financing provider for merchants, with its own payment institution licences in the UK and Denmark and a hosted journey that goes live in a week. It publishes its licence numbers and states that merchant financing itself is not regulated. It offers one product line and publishes no fees or security certificates.
| Products | Merchant financing repaid from sales: "Your merchants could get funded up to £2,000,000, and automatically pay with a fixed percentage of their sales." |
| Regulatory standing | "YouLend Limited is authorised and regulated by the Financial Conduct Authority (FCA) as a payment institution ... with firm reference number 947287"; YouLend ApS regulated by the Danish Financial Supervisory Authority "with FTID 22048"; merchant financing "not regulated by the FCA". |
| Reach | YouLend ApS "currently provides payment services in Denmark and in Germany and France under the EU's passporting regime"; US launch with Paysafe. |
| Integration | "Go live in as little as 7 days"; "fully managed, co-branded, YouLend hosted journey"; "prebuilt APIs and Embedded Components". |
| Pricing | "no coding, no upfront costs or capital required"; partner revenue terms not published. |
| Date read | Read 26 October 2026 |
Facts read on 26 October 2026 from: youlend.com, youlend.com.
A UK provider of embedded business funding for partners' merchants, with several finance products, a sandbox and a launch in days across 15 countries. It publishes its partners' licence numbers and states its cash advances are not FCA regulated. It publishes no prices or security certificates.
| Products | Starter Capital, Pay with Liberis, Working Capital and Flex Capital; "Liberis' Business Cash Advance is a form of receivables finance not a loan". |
| Reach and launch | "Offer multiple products and a word-class customer experience from a single integration. Go live in days, fund customers in seconds and reach 15 countries." |
| Integration | API documentation and sandbox linked from the site. |
| Regulatory standing | "Liberis is not authorised or regulated by the Financial Conduct Authority" for cash advances; "Liberis Limited (Firm Reference Number: 902157) is a registered EMD agent of Modulr FS Limited" (FCA FRN 900573); US payments by Airwallex US, LLC "(NMLS #1928093)". |
| Scale | "Over 40 partners around the globe"; small businesses "backed ... with £1bn". |
| Date read | Read 26 October 2026 |
Facts read on 26 October 2026 from: www.liberis.com.
A Southeast Asian insurtech offering over 15 insurance product lines with more than 100 insurance and distribution partners in six markets. It publishes a Labuan general and reinsurance licence. It publishes no licence number, prices, API documentation, launch time or security certificates.
| Products | "over 15 product lines in the region", including transit and gadget insurance, single disease cover and weather index insurance. |
| Reach | "over 100 insurance and distribution partners across 6 markets in Asia"; offices in eight Southeast Asian countries. |
| Regulatory standing | "Secured combined General and Reinsurance license issued by Labuan Financial Services Authority (Labuan FSA) in 2019"; licence number not published. |
| Integration | "Integrate insurance products into your technology system with ease"; no API documentation or launch time published. |
| Scale | "Having facilitated half a billion policies since 2019 across 55+ partners in 6 markets". |
| Date read | Read 26 October 2026 |
Facts read on 26 October 2026 from: iglooinsure.com, iglooinsure.com.
A US embedded banking platform that connects fintech programmes to a network of more than 20 partner banks for accounts, deposits and payments. It publishes a 30-second sandbox and a launch in weeks. It holds no licence of its own on the pages read, and publishes no prices or security certificates there.
| Model | "Fintechs launch with the right bank out of 20+ and reach more as they grow"; "One marketplace submission, access to 20+ banks". |
| Products | "Deposits, accounts, and payments flow between your program and every partner bank"; ledger and reconciliation. |
| Integration | "Ship in weeks. Sandbox in 30 seconds." "Real REST APIs, full sandbox, simulations, webhooks, Postman workspace." |
| Scale | "$170B+ in annual volume". |
| Regulatory standing | Banking provided through partner banks; Treasury Prime's own licence and the banks' names not published on the pages read. |
| Date read | Read 26 October 2026 |
Facts read on 26 October 2026 from: www.treasuryprime.com, www.treasuryprime.com.
A banking platform for fintechs and their sponsor banks covering accounts, wallets and debit and credit cards in the US and Canada. It publishes its model of FDIC-insured partner banks but not their names, prices, launch time or security certificates on the pages read.
| Products | "bank accounts and digital wallets"; "Launch debit or credit card products"; core banking, card processing and end-user onboarding APIs. |
| Regulatory standing | "All banking services are provided by Synctera's network of FDIC-insured partner banks, who hold the banking licenses and charters"; "Synctera ... not a bank". |
| Reach | US programmes, and "Launch FinTech apps and embedded banking products in Canada". |
| Integration | "A complete banking ecosystem in a single set of APIs"; "Launch with real customers and real money"; automated compliance testing. |
| Security | Trust centre linked; no certificates readable on the pages read. |
| Date read | Read 26 October 2026 |
Facts read on 26 October 2026 from: www.synctera.com.
A US insurance infrastructure provider that supplies the licence, carrier capacity and policy system for white-label insurance programmes. It publishes a state-by-state licence list covering all 50 states and Washington DC. It does not list its product lines, prices, sandbox or security certificates on the pages read.
| Model | "Our platform packages the necessary compliance, capital, and technology needed to power an insurance program, into a single API-based solution"; "get to market in months instead of years". |
| Products | "Customizable white-label products on 'A' and 'A-' rated carrier paper, supported by dedicated reinsurance capacity"; product lines not listed. |
| Regulatory standing | "Boost Insurance Agency, Inc. ('Boost') is a licensed Property & Casualty ('P&C') insurance producer in the states where it transacts insurance"; licences page lists each state with licence numbers. |
| Reach | Licences page lists all 50 US states and Washington DC. |
| Integration | "Modern API-driven architecture for end-to-end digital management of the entire insurance policy lifecycle"; agency management portal. |
| Date read | Read 26 October 2026 |
Facts read on 26 October 2026 from: boostinsurance.com, boostinsurance.com.
A UK embedded finance platform offering wallets, payments and debit, prepaid, credit and virtual cards, with fake-money and real-money sandboxes. Its site states it cannot onboard new agents or distributors without the FCA's prior written consent. It publishes no licence number, country count, prices or security certificates on the page read.
| Products | "Debit, pre-paid, credit, & virtual cards"; "digital wallets, payments, rewards, loyalty points or cards". |
| Regulatory notice | "we are currently unable to accept or onboard any new agents or distributors without the explicit, prior written consent from the FCA". |
| Integration | "fake money sandbox"; "a real money sandbox with account, value and transaction restrictions"; staged path to an MVP launch and full live API. |
| Reach | Enterprise stage "enabled for products, usage and countries"; no country count published. |
| Licence | Licence type and number not published on the page read. |
| Date read | Read 26 October 2026 |
Facts read on 26 October 2026 from: www.railsr.com.
The index is paid for by nobody.
No provider pays to be assessed, listed or ranked, and there are no sponsored places. Providers do not apply: BCC selects the providers a business is likely to consider and scores them from their own pages. Any provider may ask to be assessed; the request changes nothing about the score.
Every figure is read from the provider's own pricing, product, legal or help page on the date shown. Providers may send corrections to [email protected]; a correction changes the page only where the provider's own page supports it. Every provider is re-read monthly and a new edition is published each October.
Insurers and banks that sell only under their own brand, price comparison sites, card processors that only accept payments, and buy now pay later lenders that lend under their own consumer brand are left out. Companjon is not ranked because its own site states it is winding down business activities. Providers whose own pages could not be read on the date shown were not scored.
Ranked providers may show the index badge on their own site.
The badge is free. The one condition is that it links to this page, so that a reader can check the score and the method behind it. It is withdrawn if the link is removed or the provider leaves the index.
Embed: <a href="https://www.buckinghamcapitalconsulting.com/embedded-finance-index"><img src="https://www.buckinghamcapitalconsulting.com/assets/bcc-embedded-finance-index-2026.svg" alt="Ranked in the Buckingham Capital Consulting Embedded Finance and Insurance Index 2026" width="300"></a>
Nobody. No provider pays to be assessed, listed or ranked.
Embedded finance is when a company that is not a bank or insurer offers a financial product inside its own service, such as a software firm giving its users business accounts and cards, or an airline selling travel cover at checkout. A licensed provider behind it holds the money or carries the risk.
Usually not to start, if the provider's licence covers the activity and the firm acts as its agent, distributor or appointed representative. The firm still has duties: how it describes the product, how it treats customers, and what the provider's licence allows it to do. Check this with the provider and your regulator before launch.
Because the firm's customers depend on the provider's licence. Where a provider relies on a partner bank or e-money firm, the firm is exposed to that partner's decisions too. A provider that publishes its own licence and number lets the firm check it on the regulator's register.
A "from" price is the lowest price for the smallest plan and does not tell a firm what it will pay. Only a published platform fee for a named plan counts, and full marks need usage fees too.
No. The index compares published facts and is not a recommendation to use a particular provider.
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