Embedded finance is revolutionizing services provided to businesses. So what are some common embedded finance examples?
Here are examples where non-financial companies can incorporate financial products into their platforms:
- Payments: Customers can pay your company directly through your app or website via an embedded payment feature. Embedded payments simplify the customer checkout process by allowing customers to pay with a single click without leaving your app.
- Lending: For customers who cannot pay immediately in full, you can offer flexible payment options such as B2B buy now, pay later, or point-of-sale lending. By integrating the approval process into your application and allowing the bank or third-party finance company to work in the background, the customer experience is seamless.
- Automated Trade Credit: Apruve helps you automate and customize financed trade credit globally with streamlined customer onboarding.
- Banking: With embedded banking features, customers can open bank accounts and access banking services like transfers through a non-financial provider.
- Insurance: When customers buy goods or services, they can add-on insurance or warranty coverage directly through the seller’s app or website.
