Federation
“Can a Midwest-focused, API-first payments infrastructure provider own embedded payment acceptance and B2B lending for independent software vendor platforms?”
HQMidwest, United States
IndustryInfrastructure / Payments
The story
Federation Financial operates as a payments infrastructure provider targeting independent software vendors (ISVs), offering embedded payment acceptance (card and ACH), account validation, sub-accounting and configurable settlement, and embedded B2B financing via short-term lines of credit. The company also partnered with GoCardless to address late payments for small businesses, suggesting a focus on the SMB and FSB (Federation of Small Businesses) segment. The company positions itself as a Midwest-based, relationship-driven alternative payments infrastructure provider.
Last 12 months
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The stack
4 layers disclosed in Federation’s embedded-finance stack
Payments / PSP
Money movement
in the full report
Lending
in the full report
Open banking
in the full report
Accounting gap: significant
3 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.