← State of Embedded Finance 2026

Defacto

Can Defacto become the default embedded B2B lending infrastructure for European fintechs and vertical SaaS platforms by abstracting away credit risk, licensing, and scoring?

HQFrance
IndustryInfrastructure / Lending
The story

Defacto launched as an ACPR-licensed B2B lender targeting European SMEs with real-time financing decisions. Rather than operating purely as a direct lender, the company built an API-first embedded lending infrastructure layer, enabling fintech and e-invoicing platforms to white-label its scoring engine, credit risk absorption, and regulatory compliance under their own brand. This positions Defacto squarely as a B2B embedded lending infrastructure provider, monetising both direct lending and partnership revenue share.

Last 12 months
Regulated entities
ACPR Licensed Financial Institution
France
Defacto
The stack
Banking / BaaS
Swan
Lending
Invoice financingAccounts receivable financingPurchase order financingSupply chain financingCash flow financing / working capitalB2B BNPLBusiness credit card with credit line
Accounting gap: none