Embedded finance is becoming more important, not just for the financial services industry, but to the wider economy. By placing a financial product in a non-financial business process, client journey or e-Commerce platform, embedded finance accounted for $2.6 trillion of total US financial transactions in 2021. Its total value shall exceed $7 trillion globally by 2026 as per Bain & Co. The biggest and fastest growing geographies for B2B embedded finance in the global south are India, ASEAN and GCC countries. Opnfi is focusing on these countries to unlock this value for the millions of consumers and businesses and is the process of building a cross-border embedded finance rail.
At the heart of this is a digital transaction network whose core ingredients are artificial intelligence-based discovery, algorithmic credit processing and open API-based payment systems. OPNFI’s EmFi platform will facilitate orchestration between enterprise customers and financial services institutions. This platform will allows our distribution partners to develop innovative embedded finance solutions tailored to specific needs of their corporate clients in one centralised platform.
We at Opnfi enable our distribution partners and business to embed financial services directly into their marketplace, platform, product and service, via our APIs. We enable both financial and non-financial businesses to offer b2b and b2c services like payments, lending, remittance, insurance, deposits, wealth without becoming regulated as financial entities or building any financial infrastructure themselves.
Our distribution partners can be traditional retailers, software firms, super apps, marketplaces, consumer platforms, telecom companies, OEMs, public agencies, other service providers.