“Can a bill-timing fintech replace FICO-based consumer credit by using real-time cash-flow AI to float large recurring payments for the paycheck-to-paycheck majority?”
Split Pay (operated by Visible Ideas, Inc.) launched as a rental-payment timing solution for the ~67% of Americans living paycheck to paycheck, letting renters pay their full rent on the due date while floating up to 50% for up to 30 days at a 2% fee. The company built a proprietary cash-flow underwriting engine called Lens AI to replace FICO-based credit checks, expanding approvals to previously excluded segments. It has since expanded beyond rent to mortgages and car payments, and is preparing to launch a Visa credit card, positioning itself as a broad bill-timing infrastructure layer for households.
Split Pay discloses Evolve Bank & Trust as its banking provider, with Lead Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Split Pay does not disclose a bank charter of its own; its banking services are provided through Lead Bank.
Split Pay processes payments through Dwolla. Disclosed money-movement rails: ACH.
Split Pay's lending and capital products are provided by Evolve Bank & Trust and Lead Bank.
Split Pay connects to bank accounts through Plaid.
The Embedded Finance Index 2026 maps 6 layers in Split Pay's stack: Payments / PSP (Dwolla); Money movement (ACH); Banking / BaaS (Evolve Bank & Trust); Lending (Evolve Bank & Trust, Lead Bank, Split Pay Line of Credit and Bill-timing float (up to 50% of bill for up to 30 days)); Open banking (Plaid); Sponsor bank (Evolve Bank & Trust and Lead Bank).
Split Pay is headquartered in United States.
Split Pay has raised $125 million in total (latest round: Series B, 2026).
Get a read on where your own stack stands against Split Pay 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.