Unit: Unit Finance reveals $100m raise at $1.2b valuation

Almost two months later, Unit officially announced yesterday that it had raised $100 million at a valuation of $1.2 billion. Unit is a leading provider of embedded finance, the ability to integrate banking products into applications of other services such as a supermarket or an electronic products website. Unit focuses on the enterprise sector, and enables companies to offer banking services to other businesses or their employees. Unit is not alone in embedding banking services. It has recruited as chief compliance officer Amanda Swoverland, a senior US specialist in regulation who has worked in risk management at several large banks and fintech companies.