Israeli banking-as-a-service (BaaS) start-up Unit has partnered with Tennessee’s Thread Bank to enable firms to embed banking services — including accounts, cards, payments and lending — into their products using a single platform.

“We’ve grown explosively over the last year by helping companies quickly create new revenue streams with customized banking experiences,”

“With our partnership with Thread Bank, we will be able to empower more companies to offer unique banking solutions based on industry-leading technology and partners.”

                                                                                Itai Damti, CEO and co-founder, Unit.

Several companies have already signed up and are set to launch banking and credit products “in the coming weeks”.

Together, Unit and Thread Bank are well-positioned to take advantage of a rapidly growing banking-as-a-service market by focusing on the finance and technology capabilities that create better banking experiences for customers. The partnership has already been successful with several companies poised to launch banking and credit products in the coming weeks.

“We believe the future of banking is digital, connected, contextual, and customer-first. Through meticulously selected partnerships and technology, our unique and differentiated banking strategy will vastly improve the way individuals and small business customers manage everyday banking tasks. Unit’s technology platform is not only proven and secure—it’s also a nimble, evolving solution that continues to provide customers better products and services over time. We’re thrilled to have Unit as a partner in our journey for engaging more customers in very new and exciting ways.”

                                                                             Chris Black, Thread CEO and President.