Embedded financial services platform Orenda today announced it joined forces with global payments and card issuance leader Nium in a partnership that will see Orenda leverage Nium’s BaaS (Banking-as-a-Service) API suite, to provide a no code, end-to-end serverless banking infrastructure for their clients.
Through this partnership, Orenda can offer pay outs to 190+ countries in 100 currencies, pay-ins to 35 markets, as well as card issuing capabilities in multiple countries. Orenda will be exposed to larger markets, creating an extended platform for its clients, who are looking to offer more diverse financial services across a variety of different industries and geographies.
“Being the first company to go live with Nium in the UK and Europe for full stack BaaS products, demonstrates our commitment and dedication to providing a truly innovative, borderless and global solution. Partnering with Nium has enabled us to cover more ground and rapidly expand our services by adding a broader product range for our clients. Currently, products and solutions include full stack BaaS, as well as virtual and physical card issuing. These solutions have enabled Orenda to bring a no code embedded financial services product to the market quick and easy,” said Joshua Vittori, Managing Director at Orenda.
Nium’s BaaS platform empowers Orenda to offer a superior one-stop-shop of embeddable financial services elements, using innovative features and components that are configurable to clients’ needs and expectations.
“We are delighted to partner with Orenda to enhance their portfolio of products and we strongly believe that with this partnership we have created a formidable team in the world of embedded finance. Our shared values and dedication to our clients will bring no code seamless embedded financial services to businesses pursuing global ambitions,” said Frederick Crosby, Chief Revenue Officer at Nium.