“Can a vertical SaaS for German craftspeople use embedded payments as a wedge into becoming the financial OS for the trades?”
ToolTime started as a digital workflow/project management SaaS for German craftspeople (Handwerker). After raising ~€55M and reaching 20,000+ customers, it launched ToolTime Pay in 2024 — an embedded payments layer powered by Adyen — to move beyond workflow software into financial services. Per the company's CPO, ToolTime explicitly chose embedded banking/payments over open banking as the wedge into a broader financial product suite.
ToolTime Pay Embedded Payments discloses Adyen N.V. as its sponsor bank, according to the Embedded Finance Index 2026.
ToolTime Pay Embedded Payments does not disclose a bank charter of its own; its banking services are provided through Adyen N.V..
ToolTime Pay Embedded Payments processes payments through Adyen and ToolTime Pay (self-branded, Adyen-powered).
The Embedded Finance Index 2026 maps 2 layers in ToolTime Pay Embedded Payments's stack: Payments / PSP (Adyen and ToolTime Pay (self-branded, Adyen-powered)); Sponsor bank (Adyen N.V.).
ToolTime Pay Embedded Payments is headquartered in Berlin, Germany.
ToolTime Pay Embedded Payments has raised €55M in total.
Get a read on where your own stack stands against ToolTime Pay Embedded Payments 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.