Unit Launches Embedded Lending Program with Thread Bank

In December 2022, Unit announced the launch of its embedded lending program in partnership with Thread Bank, adding Charge Card issuing to its suite of embedded finance products. The program enables companies using Unit's platform to offer their customers access to capital products such as charge cards designed for business growth, revenue generation, and loyalty. Thread Bank serves as the issuing bank partner for the lending products, while Unit provides the white-label technology layer, API integrations, and compliance infrastructure.

This launch marked a significant expansion for Unit beyond its existing banking and payments offerings into the lending vertical. The move was part of Unit's broader multi-bank strategy, bringing its total bank partnerships to four, which the company said would accelerate product deployment and help scale lending offerings. Unit emphasized features like Same-day ACH and seamless API-driven integrations as key differentiators for embedding banking and lending into non-financial customer journeys.