Kernolab provides modular, out-of-the-box embedded finance solutions that let businesses integrate payments, accounts, cards, lending and (soon) insurance products. The company bundles banking licenses and rents its technology to non-licensed businesses, enabling non-financial companies to offer fintech services. Kernolab positions itself as a bridge between fintech and non-finance businesses, simplifying financial operations such as payroll and stored-value accounts. The startup plans faster market expansion and expects the new funding to fuel additional B2B sales and partnerships. CEO and co-founder Vachtangas Babunasvili is quoted describing how financial services can blend into many types of businesses. Current operating metrics beyond the recent fundraise are not provided in the article.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2021