PayCaddy is a Panama-based Banking-as-a-Service platform that lets Latin American companies launch financial products through an API. Businesses use its stack to open KYC-verified digital wallets, automate online payments, and issue branded Mastercard debit and prepaid cards - without building core banking infrastructure or negotiating directly with legacy banks. A Y Combinator Winter 2022 company, PayCaddy positions itself as embedded-finance infrastructure for emerging markets.

Unit is an embedded finance platform that lets software companies add bank accounts, cards, payments, and capital to their products via API — without becoming a bank. Founded in 2019 by Israeli entrepreneurs Itai Damti and Doron Somech, Unit reached unicorn status in 2022 at a $1.2B valuation, becoming the first BaaS provider to hit that milestone. The company processes $80B+ in annual transactions and serves 2M+ end-customers across 140+ software platforms, from workforce management apps to real estate marketplaces.