← State of Embedded Finance 2026

Affiniti

Can an AI-powered, vertically tailored financial operating system replace generic SMB banking for the underserved backbone businesses that dominate Main Street America?

HQNew York City, NY, USA
IndustryFintech / SMB banking
The story

Affiniti was founded on the thesis that different SMB verticals — pharmacies, HVAC shops, podiatry clinics — have fundamentally different financial needs that generic SMB banking cannot serve. The company started with co-branded, association-endorsed credit cards distributed through trade association partners, powered by i2c on the Mastercard network. It then expanded into a full-stack financial operating system by layering Unit's BaaS infrastructure for checking accounts, bill pay, and money movement, and secured a financing agreement with Column N.A. to fuel credit growth. The platform now bundles banking, cards, expense management, bill pay, and AI-powered automation into one system tailored to each SMB vertical.

Last 12 months
2024-06
2026-03
Product timeline
2024
Affiniti Finance partnered with i2c Inc. to launch industry-tailored credit cards on the Mastercard network for underserved SMB verticals including HVAC, community pharmacy, and podiatry.· card
2026
Affiniti announced a financing agreement with Column N.A. to support expansion of its card product and new product lines for backbone American SMBs.· lending
2026
Affiniti built its AI-powered financial platform on Unit's banking infrastructure, offering checking accounts, bill pay, cards, and expense management tailored by vertical.· banking
The stack
Banking / BaaS
Unit
Card issuing
i2c
Lending
SMB credit card credit linesWorking capital financing
KYC
Middesk
Sponsor bank
Column N.A.
Accounting gap: significant