Banking-as-a-Service (BaaS) providers: market share 2026
- Evolve Bank & Trust is the most-named Banking-as-a-Service (BaaS) provider, linked to 67 companies through their public disclosures and provider customer lists (Embedded Finance Index, October 2026). Details →
- The 5 most-named Banking-as-a-Service (BaaS) providers are Evolve Bank & Trust (67), Sutton Bank (60), Cross River (56), Pathward (47) and ClearBank (35), by number of linked companies (Embedded Finance Index, October 2026). Details →
- 164 Banking-as-a-Service (BaaS) providers are linked to two or more companies, across 1,771 documented relationships (Embedded Finance Index, October 2026). Details →
- The top 5 Banking-as-a-Service (BaaS) providers account for 15.0% of all documented Banking-as-a-Service (BaaS) provider relationships (Embedded Finance Index, October 2026). Details →
How often fintechs disclose their Banking-as-a-Service (BaaS) provider 2026
- 22.8% of fintechs publicly name their Banking-as-a-Service provider (1,499 of 6,588 companies analyzed) (Embedded Finance Index, October 2026). Details →
- Of fintechs that disclose anything about their Banking-as-a-Service stack, 38.0% name only an own-brand product rather than the underlying provider (Embedded Finance Index, October 2026). Details →
Banking-as-a-Service (BaaS) providers by region 2026
- Sutton Bank is the most-named Banking-as-a-Service (BaaS) provider among fintechs headquartered in the US, linked to 48 companies there through their public disclosures and provider customer lists (Embedded Finance Index, October 2026). Details →
- Swan is the most-named Banking-as-a-Service (BaaS) provider among fintechs headquartered in the EU, linked to 28 companies there through their public disclosures and provider customer lists (Embedded Finance Index, October 2026). Details →
- ClearBank is the most-named Banking-as-a-Service (BaaS) provider among fintechs headquartered in the UK, linked to 24 companies there through their public disclosures and provider customer lists (Embedded Finance Index, October 2026). Details →
- Nium is the most-named Banking-as-a-Service (BaaS) provider among fintechs headquartered in APAC, linked to 7 companies there through their public disclosures and provider customer lists (Embedded Finance Index, October 2026). Details →
- Backbase is the most-named Banking-as-a-Service (BaaS) provider among fintechs headquartered in Africa, linked to 5 companies there through their public disclosures and provider customer lists (Embedded Finance Index, October 2026). Details →
- Stripe Treasury is the most-named Banking-as-a-Service (BaaS) provider among fintechs headquartered in Canada, linked to 6 companies there through their public disclosures and provider customer lists (Embedded Finance Index, October 2026). Details →
How to cite these statistics
Embedded Finance Index, October 2026, published by Apideck. https://www.embeddedfinanceindex.com/statistics/baas. Figures are recomputed as dossiers are added; quote the month alongside the number.
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