“Can a B2B2C embedded lending platform own the pay-over-time layer for in-person service transactions by distributing through vertical SaaS platforms rather than building a consumer brand?”
Founded in 2018, Wisetack set out to bring BNPL-style installment financing to in-person services — an underserved segment ignored by e-commerce-focused BNPL players like Affirm and Klarna. Rather than building a direct-to-consumer lending brand, Wisetack pursued a B2B2C distribution model, embedding its pay-over-time infrastructure into vertical SaaS platforms serving home services, auto, and other trades. The company has progressively diversified its capital stack by adding lending partners (Hatch Bank since 2020, U.S. Bank in 2025, Group 1001 in 2025), positioning itself less as a lender and more as a lending orchestration layer for service-sector SMBs.
Wisetack discloses Hatch Bank as its sponsor bank, according to the Embedded Finance Index 2026.
Wisetack does not disclose a bank charter of its own; its banking services are provided through Hatch Bank.
Wisetack uses Enigma for KYC and identity verification.
The Embedded Finance Index 2026 maps 3 layers in Wisetack's stack: Lending (Consumer installment loans for home services, Pay-over-time financing ($500-$25,000) and Progress payment financing); KYC (Enigma); Sponsor bank (Hatch Bank).
Wisetack is founded in 2018 and headquartered in San Francisco, CA.
Wisetack has raised $64M+ in total (latest round: Debt, 2023-2025 (latest public deal $14.3M debt)).
Get a read on where your own stack stands against Wisetack 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.