Unit

What is Unit?

Unit is a banking-as-a-service and financial infrastructure platform that lets software companies and fintechs offer accounts, payments, cards and lending inside their own products. Its tagline is Store, move, spend, and lend money inside your product.

Key features of Unit

• Store money: Deposit accounts and FBO wallets.
• Move money: ACH, checks, wires, Real Time Payments and cross-border payments.
• Spend money: Debit, charge and revolving credit cards under the customer's brand.
• Lend money: Credit accounts.
• API, dashboard and UI components: Built on a single native ledger.
• Program management: KYC and KYB, AML monitoring, disputes, reconciliation, statements and reporting.
• Managed Solutions: Embed banking or bill pay with one line of code.

How Unit works

A platform integrates Unit's API and UI components and opens accounts for its users, with Unit handling KYC, compliance and ledgering. Money movement and card issuing run through Unit's connections to the Federal Reserve, card networks and bank partners. The vendor states it is SOC 2 Type 2 and PCI DSS certified.

Who uses Unit?

Named customers include Highbeam, Benepass, Relay and RentSpree, with Wix, FreshBooks, HoneyBook and Roofstock also listed. Typical buyers are vertical software companies and fintechs that want to embed banking.

Unit pricing

Unit does not publish pricing; buyers are directed to talk to the vendor team or sign up for the sandbox.

Unit integrations

The vendor does not list third-party integrations. It provides an API, dashboard and UI components, with direct connections to the Federal Reserve, card networks and bank partners.

Unit alternatives

Column is a nationally chartered bank with its own API-first banking infrastructure. Increase offers direct bank infrastructure and money movement APIs. Marqeta focuses on card issuing and processing, and Moov and Modern Treasury address payment orchestration and money movement.