← State of Embedded Finance 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
Financial entity (Argentina)
Argentina
IN SWITCH AR S.A.
Financial entity (Brazil)
Brazil
Inswitch Tecnologias Financeiras Ltda
Financial entity (Chile)
Chile
Inswitch Chile SPA
Financial entity (Colombia)
Colombia
Inswitch Colombia SAS
Financial entity (El Salvador)
El Salvador
Inswitch El Salvador SA de CV
Financial entity (Guatemala)
Guatemala
IN SWITCH Guatemala SA
Financial entity (Mexico)
Mexico
Inswitch S.A.P.I. de C.V.
The stack
Payments / PSP
Inswitch Payments (self-operated)
Banking / BaaS
Inswitch (self-operated)
Card issuing
Inswitch (self-operated)
Lending
Inswitch Smart Lending (cloud-native)Digital lending for fintechs and lenders
FX & payouts
Inswitch Payments (self-operated)
Accounting gap: minor