← Embedded Finance Index 2026

Inswitch

Can a Latin America-focused embedded finance infrastructure provider become the API layer that enables any regional business — from telcos to retailers to fintechs — to launch compliant financial products at scale?

HQMiami, Florida, USA (with subsidiaries across Latin America)
IndustryInfrastructure / BaaS
The story

Inswitch was built as a B2B embedded financial technology provider targeting Latin American markets, offering Fintech-as-a-Service APIs to non-fintech businesses wanting to launch payments, wallets, card issuing, and lending products. The company expanded geographically across Argentina, Brazil, Chile, Colombia, El Salvador, Guatemala, and Mexico, building local regulatory entities in each country. It has evolved from a payments-focused platform into a broader embedded finance stack — adding core banking, digital wallets, card issuing, and in 2025, cloud-native lending — positioning itself as a full-stack infrastructure provider enabling any company to become a fintech.

Last 12 months
2025-05
2025-05
Product timeline
2020
Inswitch announced strategic alliance with Grupo Card in Brazil, covering 60,000+ points of sale and 81 million monthly users.· banking
2023
Partnered with Binance Pay to enable crypto payment acceptance in Latin America.· banking
2025
Launched Inswitch Smart Lending in the cloud, enabling clients to deploy lending products in days rather than months with multitenant, autoscaling infrastructure.· lending
Regulated entities
7
regulatory licences held by Inswitch
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Inswitch’s embedded-finance stack
Payments / PSP
Inswitch Payments (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
FX & payouts
in the full report
Accounting gap: minor
5 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.