Unit, the leading financial infrastructure platform that powers embedded finance, today announced a strategic partnership with Lincoln Savings Bank (LSB). This collaboration will power LSB to expand its embedded finance offerings and further cement its reputation as an innovative financial institution.

Founded in 1902, Lincoln Savings Bank has a rich history of serving its local communities. Over the past decade, LSB has established itself as a pioneer, consistently seeking modern and innovative ways to deliver banking services to its customers and fintech partners alike. By partnering with Unit, LSB reaffirms its commitment to offering advanced embedded finance solutions.

“We’re excited to work with Lincoln Savings Bank to reach new digital communities,” said Itai Damti, CEO and co-founder of Unit. "Our collaboration allows us to enable more companies to offer unique financial solutions. Together, we're poised to deliver on our vision of expanding access to financial services and building a compliant, scalable digital financial services ecosystem."

By deploying Unit’s powerful suite of capabilities, LSB can rapidly develop and launch new financial products by reducing complexity and streamlining operations. Unit’s scalable infrastructure ensures LSB can efficiently handle the growth in transaction volumes and end-customers, while enhanced compliance and oversight tools supplement the bank’s already robust regulatory processes and risk management capabilities. 

Unit will also enable the bank to connect with a diverse array of companies that serve a wide range of use cases. Additionally, LSB will leverage Unit’s data-driven insights to help optimize product performance, effectively monitor activity, and enhance user experiences. This strategic alliance with Unit positions LSB to meet the evolving needs of both partners and end-customers.

“We believe the future of finance is digital, connected, and embedded," said Sean Willett, CEO at Lincoln Savings Bank. "We are excited to work with an industry-leading partner who is philosophically aligned in delivering modern financial solutions to customers in a thoughtful and compliant manner.”

This partnership underscores Unit's growing influence in the embedded finance space and highlights LSB's commitment to embracing innovation. As embedded finance continues to gain traction, the Unit-LSB collaboration is poised to drive significant value for businesses and end-customers alike.

About Lincoln Savings Bank:

We may have been founded in 1902, but we’re anything but dated. Yes, we are proud of our rich history because a strong foundation only enhances our focus on the future - helping businesses grow and customers protect what they’ve worked so hard to build. As leaders in financial technology and supporters of our communities, our commitment to better banking is real, and it’s personal. Visit MyLSB.com or find us on Facebook. Member FDIC.

About Unit

Unit is the leading financial infrastructure platform that powers modern financial experiences. Unit provides digital banking technology and embedded finance solutions to enable banks and technology companies to launch next-gen bank accounts, cards, payments, and lending products. Unit is headquartered in New York City and Tel Aviv and is backed by top investors including Insight Partners, Accel, Better Tomorrow Ventures, Aleph, Flourish Ventures, TLV Partners, and more.