This week in embedded finance

9/11/2020

  • Easy access to business insurance seems to be gaining traction in the embedded ecosystem. Toast (the POS company) is now offering worker’s comp filing and business insurance directly to their customers. In the gig economy, Coterie offers project-based policies to add additional, just-in-time coverage.

  • Manufacturers are offering a lifeline to smaller businesses, even as many firms try to save cash. For example, Lockheed accelerated payments of as much as $1.3 billion during the second quarter of 2020.

  • Minnesota-based Sezzle unveiled its virtual payments card this week, helping users benefit from its BNPL technology during their in-store shopping trips. The company has partnered with the credit card issuing platform Marqeta to power its new virtual card. Sezzle virtual cardholders will be able to use Sezzle’s installment payments technology in-store at retailers that already accept Apple Pay and Google Pay.