Onbe
“Can Onbe become the dominant white-label B2I disbursement platform by offering program sponsors a fully outsourced, multi-rail, globally capable payments OS?”
Founded1996
HQBuffalo Grove (Chicago), IL, United States
Latest roundDiv. Recap.
IndustryFintech / Cross-border payments
The story
Founded in 1996 as Swift Prepaid Solutions, the company evolved through the daVinci Payments brand before rebranding as Onbe in 2021. Its core mission shifted from generic prepaid services toward a full-stack B2I (business-to-individual) disbursement platform, enabling corporate clients to outsource consumer and workforce payment operations entirely. The embedded finance angle is the positioning of Onbe as an outsourced payments operating system for program sponsors, handling card issuance, FX, fraud, and multi-rail delivery at scale.
Last 12 months
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Product timeline
1996
Founded as Swift Prepaid Solutions, Inc., focused on prepaid card and disbursement services for corporate clients.· card
2015
Operated as daVinci Payments, expanding global incentive and reward prepaid programs.· pivot
2021
Rebranded to Onbe, consolidating Swift Prepaid Solutions and daVinci Payments under a single brand focused on B2I disbursements.· pivot
2023
Launched OnbeGuard fraud detection capability and expanded international issuing to 9 currencies across multiple countries.· banking
The stack
2 layers disclosed in Onbe’s embedded-finance stack
Banking / BaaS
Sponsor bank
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.