← State of Embedded Finance 2026

Baselane

Can a vertically integrated real estate finance platform — combining banking, bookkeeping, and lending — capture the full financial wallet of the independent landlord?

Founded2020
HQNew York, New York, USA
Total raised$42.4M
Latest roundSeries B
IndustryVertical SaaS / Real Estate
The story

Founded in 2020 as a real estate banking platform, Baselane initially focused on giving independent landlords dedicated banking accounts per property via embedded BaaS (Unit). Over time, it layered in bookkeeping automation, tax preparation, and rent collection to become an all-in-one financial OS for rental property owners. The platform has evolved from a pure banking product to a full property-finance stack, adding lending (HELOC via Figure, split rent via Livble) and automated tax reporting — targeting the underserved small-to-mid real estate investor segment.

Last 12 months
2024-05
2025-10
2026-01
Product timeline
2020
Baselane (Skylight Financial Services, Inc.) founded in New York as a banking and finance platform for real estate investors.· banking
2022
Launched embedded banking product powered by Unit, offering landlords property-specific bank accounts, debit cards, and rent collection.· banking
2023
Expanded to include bookkeeping, tax reporting, and auto-categorization of transactions for rental property owners.· pivot
2024
Added HELOC lending product powered by Figure, enabling landlords to access home equity financing fully online.· lending
2025
Launched Split Rent Payments feature powered by Livble, allowing tenants to pay rent in installments while landlords receive full payment.· lending
2025
Migrated banking partner to Thread Bank; updated Business Deposit Account Agreement effective October 24, 2025.· banking
The stack
Payments / PSP
Stripe
Banking / BaaS
Unit
Card issuing
Thread Bank
Lending
HELOC for Investment Property (powered by Figure, $15K–$400K, fixed-rate)Split Rent Payments / tenant line of credit (powered by Livble)Business loans (referenced in Unit case study)
Open banking
Plaid
Sponsor bank
Thread Bank
Accounting gap: minor