← Embedded Finance Index 2026

Lendica

Also a provider — view Lendica’s profile →

“Can an embedded AP/AR financing API quietly become the working-capital layer every vertical SaaS platform ships to its SMB customers?”

Founded2020
HQBoston, MA, United States
Total raised$110M (latest round)
Latest roundLater Stage VC, $110M
IndustryInfrastructure / Lending

The story

Lendica Corp. was founded in 2020 as an embedded lending platform for SMBs, offering vertical SaaS partners an API/widget (iBranch) to deliver PayLater (AP financing) and FundNow (AR financing) products. In 2026 the company adopted a Daylit d/b/a and expanded positioning toward an 'Accounts Receivable Intelligence Platform', bundling AI-driven AR workflows on top of the existing financing stack. A separate, unrelated Croatian 'Lendica' entity went out of business in 2022 — the US-based Lendica Corp. (now Daylit) continues to operate.

Last 12 months

2026-05

Updated Daylit privacy notice confirms Lendica Corp. d/b/a Daylit covers websites daylit.com and golendica.com, financing products (PayLater, DrawDown, FundNow), and new AR intelligence/AI features.

Product timeline

2020

Lendica Corp. founded in Boston as an embedded SMB lending infrastructure provider.· founding

2026

Rebranded (d/b/a) to Daylit, repositioning as an Accounts Receivable Intelligence Platform while retaining Lendica financing products (PayLater, FundNow, DrawDown).· pivot

The stack

1 layer disclosed in Lendica’s embedded-finance stack

Lending

Lendica (in-house)PayLater (AP financing)FundNow (AR financing)DrawDowniBranch embedded financing widget

Accounting gap: minor

Lendica — frequently asked

Who provides Lendica's lending?

Lendica's lending and capital products are provided by Lendica (in-house).

Where is Lendica headquartered?

Lendica is founded in 2020 and headquartered in Boston, MA, United States.

How much funding has Lendica raised?

Lendica has raised $110M (latest round) in total (latest round: Later Stage VC, $110M).

Benchmark your own stack

Request an embedded finance strategy assessment

Get a read on where your own stack stands against Lendica 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.

Your category, mappedHow your stack compares to Lendica and the other companies in its category.
Build vs. buyWhere a provider relationship would close a gap faster than building it.
A named analyst, not a form replyA short call to scope what's actually worth assessing for you.