← Embedded Finance Index 2026/Vendor

Third National

Provider
Sponsor BankBaaSCard Issuing

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 4 companies across 3 categories.

thirdnational.com
CategoriesSponsor Bank, BaaS, Card Issuing
Rank#48 of 182 in Sponsor Bank
Buyers4 companies
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Who uses Third National
4 companies disclose Third National in their stack
EthenaKastAgentcardGrey
Buyer mix · 4 of 4 classified
Fintech / Cross-border payments · 1Fintech / Crypto · 1Fintech / Neobank · 1Infrastructure / Card issuing · 1
US · 2EU · 1LATAM · 1
What the disclosures say
Ethena
The card program is managed by Signify Holdings, Inc. d/b/a Rain on behalf of the Issuer' and 'References in these Card Terms to the Issuer refer to Third National.' Card network disclosed as Visa (with Mastercard also referenced as possible network).
Kast
Regulatory footers (ra-card-terms-us, business-ra-card-terms-us) name 'Third National' as the Issuer for both US consumer and US business card programs.
Agentcard
Privacy policy header: 'WHAT DOES THIRD NATIONAL ("ISSUER") DO WITH YOUR PERSONAL INFORMATION?' Docs: 'AgentCard is moving its issuing rail to Rain (stablecoin-collateralized Visa) funded by a per-user Coinbase CDP wallet holding USDC on Base.' Homepage: 'network = Visa; lifecycle = single-use.'
Grey
Consumer Card Terms (US) at grey.co/legal/consumer-card-terms-us names 'Third National' as the Issuer.
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Third National? Claim this profile above to unlock your own full list.
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Alternatives to Third National

Other Sponsor Bank providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Evolve Bank & Trust80 buyersSutton Bank63 buyersCross River50 buyersPathward43 buyersCeltic Bank35 buyersCommunity Federal Savings Bank35 buyersThread Bank29 buyersThe Bancorp Bank25 buyers
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Ranked #48 of 182 in Sponsor Bank — Embedded Finance Index 2026
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