“Can an embedded payments platform give retailers the economic and loyalty benefits of owning their own branded payment and wallet layer without building it in-house?”
Wedge is an embedded payments infrastructure company targeting retailers, enabling merchants to own branded checkout experiences, loyalty wallets, and rewards programs. The platform connects to 10,000+ financial institutions and positions itself as an alternative to third-party payment processors, allowing retailers to capture balance-sheet value (à la Starbucks loyalty) rather than ceding it to external payment networks.
Wedge discloses Fiserv as its banking provider, with Evolve Bank & Trust as its sponsor bank, according to the Embedded Finance Index 2026.
Wedge does not disclose a bank charter of its own; its banking services are provided through Evolve Bank & Trust.
Wedge processes payments through Fiserv (partner).
Wedge's cards are issued through Patriot Bank.
The Embedded Finance Index 2026 maps 4 layers in Wedge's stack: Payments / PSP (Fiserv (partner)); Banking / BaaS (Fiserv); Card issuing (Patriot Bank); Sponsor bank (Evolve Bank & Trust).
Wedge is headquartered in Austin, Texas, USA.
Get a read on where your own stack stands against Wedge 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.