ToolTime Pay Embedded Payments
“Can a vertical SaaS for German craftspeople use embedded payments as a wedge into becoming the financial OS for the trades?”
HQBerlin, Germany
Total raised€55M
IndustryVertical SaaS / Construction
The story
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.
Product timeline
2024
Launched ToolTime Pay, an embedded payments product for craftsmen powered by Adyen.· pivot
The stack
2 layers disclosed in ToolTime Pay Embedded Payments’s embedded-finance stack
Payments / PSP
AdyenToolTime Pay (self-branded, Adyen-powered)
Sponsor bank
in the full report
Accounting gap: significant
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.