“Can a legacy industrial conglomerate reinvent itself as the dominant health technology company by embedding financing, treasury, and data services directly into its clinical and consumer product offerings?”
Founded as a light bulb manufacturer in 1891, Philips progressively diversified into consumer electronics, healthcare equipment, and domestic appliances over the 20th century. In the 2010s, the company executed a major strategic pivot — spinning off its lighting business as Signify in 2016 and divesting its domestic appliances unit in 2021 — to concentrate exclusively on health technology. Today Philips operates an in-house bank in the Netherlands to centralise treasury, netting, and FX management, and runs Philips Capital to provide embedded equipment-financing solutions to healthcare providers and channel partners globally.
Philips processes payments through Stripe.
Philips uses HSBC for FX and cross-border payouts.
Philips uses signifyd for fraud prevention.
The Embedded Finance Index 2026 maps 4 layers in Philips's stack: Payments / PSP (Stripe); Lending (Healthcare equipment financing for providers, Working capital solutions for channel partners/distributors, Healthcare-as-a-Service models and IT financing — converting upfront investments to predictable payments); FX & payouts (HSBC); Fraud (signifyd).
Philips was founded by Gerard Philips and Frederik Philips and is founded in 1891, headquartered in Amsterdam, Netherlands.
Get a read on where your own stack stands against Philips 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.