Unit secures new embedded finance partnerships with Vantage Bank and Lincoln Savings Bank
The two new deals come just months after Unit revealed it was cutting 15% of its workforce.
The two new deals come just months after Unit revealed it was cutting 15% of its workforce.
The cuts are in response to “slower than expected revenue growth”.
Unit says the collaboration with Thread will “empower more companies to offer unique banking solutions”.
The company intends to use the capital to “make it even easier for companies to launch and succeed”.
Tie-up expands capabilities for the US customers of Unit’s Banking-as-a-Service (BaaS) platform.
The company also announced the launch of its new service Unit Go.
The start-up has raised a total of $18.6 million to-date.