Kernolab provides a suite of APIs and SDKs that enable businesses to integrate financial features such as accounts, payments, and cards directly into their products without needing a banking license. This solution reduces the time to launch financial services from months to weeks, while ensuring compliance with KYC and AML regulations.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses face challenges integrating financial services into their products due to the complexities of navigating banking regulations and the lengthy process of obtaining necessary licenses. This often results in delayed product launches and increased operational overhead.
Solution
Kernolab offers a suite of APIs and SDKs that enable businesses to seamlessly embed financial features, such as accounts, payments, and cards, directly into their existing products. By abstracting away the complexities of regulatory compliance and providing access to a licensed partner network, Kernolab significantly reduces the time and resources required to launch embedded finance solutions. This allows businesses to focus on their core competencies while offering enhanced financial services to their customers. Kernolab provides a comprehensive solution, including white-labeled UIs and developer tools, to facilitate a smooth and efficient integration process.
Target Audience
Kernolab primarily targets fintech companies, marketplaces, sports clubs, logistics providers, and businesses engaging gig and transient workers, all of whom seek to embed financial services into their offerings.
Features
- Comprehensive suite of APIs and SDKs for integrating payments, accounts, and card functionalities
- Access to a licensed partner network, eliminating the need for businesses to obtain their own banking licenses
- White-labeled UIs for a customizable and branded user experience
- KYC and AML compliant user onboarding processes
- Tools for regulatory report filing
- Sandbox environment for product development and testing
- Support for SEPA, SWIFT/Target2, and internal payments
- Virtual and physical card issuing and processing capabilities