“Can a mobile-first financial wellness platform become the embedded financial OS for hourly workers by bundling banking, EWA, remittance, and tax tools distributed through employers?”
Founded in 2020, Percapita positioned itself as a financial wellness platform for hourly workers and underserved populations, using a BaaS model (Sutton Bank) to offer FDIC-insured accounts without being a bank itself. The company expanded beyond basic banking to layer in earned wage access (via Immediate), international remittances (via Brightwell), and embedded tax tools (via April), evolving from a simple neobank into a more comprehensive financial wellness stack for employer-distributed benefits.
Percapita discloses Sutton Bank as its banking provider, according to the Embedded Finance Index 2026.
Percapita does not disclose a bank charter of its own; its banking services are provided through Sutton Bank.
Percapita's cards are issued through Sutton Bank.
Percapita uses Brightwell for FX and cross-border payouts.
Percapita's payroll is powered by Immediate.
The Embedded Finance Index 2026 maps 5 layers in Percapita's stack: Banking / BaaS (Sutton Bank); Card issuing (Sutton Bank); Payroll (Immediate); Sponsor bank (Sutton Bank); FX & payouts (Brightwell).
Percapita is founded in 2020 and headquartered in United States.
Percapita has raised $59.3M in total.
Get a read on where your own stack stands against Percapita 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.