“Can a global food-delivery marketplace become the embedded financial platform for hundreds of thousands of restaurants and gig riders?”
Founded 2011 as a pan-European food-delivery aggregator, Delivery Hero grew via aggressive M&A (Foodpanda, PedidosYa, Talabat, efood) into a 70+ country marketplace, listed in Frankfurt in 2017. The company has steadily added financial-services rails on top of its merchant and rider network — first as a payments operator (200+ in-house payment staff in Berlin alone, using Adyen and Checkout.com for global acquiring), then as an on-demand wage provider for riders via HSBC's Payment Initiation API in Singapore, and most recently as a distributor of embedded SME lending via finmid across Europe. The strategic question now is how much of the restaurant-and-rider financial stack Delivery Hero can monetize directly.
Delivery Hero discloses HSBC (Payment Initiation API) as its banking provider, according to the Embedded Finance Index 2026.
Delivery Hero does not disclose a bank charter of its own; its banking services are provided through HSBC (Payment Initiation API).
Delivery Hero processes payments through Adyen, Adyen for Platforms and Checkout.com.
Delivery Hero's lending and capital products are provided by finmid.
The Embedded Finance Index 2026 maps 3 layers in Delivery Hero's stack: Payments / PSP (Adyen, Adyen for Platforms and Checkout.com); Banking / BaaS (HSBC (Payment Initiation API)); Lending (finmid, Restaurant cash advances (via finmid), efood Capital (Greece, via finmid) and Merchant financing across multiple European markets).
Delivery Hero is founded in 2011 and headquartered in Berlin, Germany.
Get a read on where your own stack stands against Delivery Hero 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.