Today we’re excited to announce White-Label App – the fastest and easiest way for software companies to launch branded banking and lending, with one line of code:
Before today, companies that wanted to offer financial features to their customers had to invest 6-12 months of engineering resources to launch. Unit streamlined the experience earlier this year with the release of our low-code solution, White-Label Components, a suite of customizable building blocks that help companies get to market faster.
Now, with White-Label App, Unit is the first and only company to offer software companies an even simpler and faster way to embed banking and lending. Our fully built app can be launched with one engineer, in one hour – and it includes complete functionality that took companies like Mercury, Ramp, Chime, and Venmo years to build.
Our White-Label App is built based on the lessons we have learned serving hundreds of customers, from publicly traded companies to high-growth startups. It’s designed to deliver on user experience, user engagement, compliance, and security – out of the box.
Companies can now offer their customers a branded banking and lending experience, while reducing engineering lift and radically accelerating time to market.
With White-Label App, you get:
With today’s launch, Unit allows you to build embedded finance by choosing your preferred option:
The White-Label Components enabled us to integrate Unit into our existing app in under a month. Many companies promised similarly fast integrations, but only Unit actually delivered. - Matt Pavelle, Piñata, CTO and Co-Founder
Over time, you can choose to switch from less engineering effort to more, after proving out the return on embedded finance. For example, you can initially launch with our White-Label App, and a year later, you can absorb the experience in your product by switching to our low-code or full-code options. You’ll maintain access to the same Unit Org and Unit Dashboard. And your customers will have access to the exact same accounts, cards, and payments.
With White-Label App, you can begin realizing new revenue and delight your customers in weeks, instead of months.
By offering banking and lending services, companies such as Shopify and Square have created a one-stop-shop solution that drives customer loyalty and is differentiated from competition. We have seen companies that offer embedded financial services drive up to 5x revenue per user and reduce customer acquisition costs by 50%. Customers who utilize embedded financial features are also retained at a rate of 6x higher than others and have a 35% higher NPS score.
White-Label App also includes optimal user experiences already built in – including initial account funding with Plaid, card activation, activity filtering, and payment workflows.
In the coming months, White-Label App customers can expect to see a variety of new features, including charge cards, rewards, availability for mobile, and more.
November 2, 2023