“Can an on-demand, zero-inventory card production platform become the default physical card fulfillment layer for the BaaS and fintech card-issuing ecosystem?”
Founded in 2000, Arroweye pioneered an on-demand, zero-inventory model for payment card production using digital print technology — a direct departure from the traditional batch-print, pre-inventory model. The company secured approvals from Visa, Mastercard, American Express, and Discover as the first fully digital print production provider, making it a critical back-end supplier to financial institutions, fintechs, neobanks, and prepaid card programs. Arroweye expanded its relevance into the BaaS ecosystem by partnering with providers like Treasury Prime and Solid, embedding its card fulfillment capabilities directly into their platforms. In May 2025 the company was acquired by CPI Card Group, a move that consolidates two of the largest independent card production players in North America.
Arroweye discloses Solid as its banking provider, according to the Embedded Finance Index 2026.
Arroweye does not disclose a bank charter of its own; its banking services are provided through Solid.
Arroweye's cards are issued through Solid.
The Embedded Finance Index 2026 maps 2 layers in Arroweye's stack: Banking / BaaS (Solid); Card issuing (Solid).
Arroweye is founded in 2000 and headquartered in Chicago, IL, USA.
Arroweye has raised $88.7M in total (latest round: Acquired by CPI Card Group, Inc., May 7, 2025).
Get a read on where your own stack stands against Arroweye and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.