Whillet provides Banking-as-a-Service (BaaS) solutions enabling consumer companies to embed financial services directly within their existing mobile apps or websites. The platform facilitates seamless wallet creation, funding via cards or bank accounts, and money withdrawal capabilities for end-users. This infrastructure supports complex financial workflows like payment splitting, loyalty program integration, and automated KYC compliance for marketplaces and sharing platforms.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses struggle to integrate financial services like customer wallets, split payments, and loyalty programs directly into their platforms due to complex integrations, regulatory hurdles, and the need for specialized licensing. This complexity hinders user experience and creates inefficiencies in financial transactions.
Solution
Whillet offers a no-code embedded finance platform that allows businesses to seamlessly integrate financial services into their existing applications. The platform enables the creation of customer wallets, facilitates split payments, and supports the implementation of loyalty programs. By abstracting away the complexities of financial integrations and licensing, Whillet empowers businesses to enhance user experience, streamline financial transactions, and offer a wider range of financial services directly within their platforms.
Target Audience
Whillet primarily targets consumer-facing companies, including marketplaces, food delivery services, sharing platforms, and businesses that work with freelancers, seeking to embed financial services into their mobile apps or websites.
Features
- Customer wallet creation with immediate activation
- Wallet top-ups via bank cards or bank accounts
- Withdrawals to bank cards and bank accounts
- Integrated loyalty program functionality with wallet integration
- Split payment capabilities for marketplaces and other multi-party transactions
- KYC and legal compliance procedures included
- Analytics dashboard for tracking wallet statistics and project activities
- API endpoint for initiating purchase transactions with wallet ID, amount, currency, order ID, and description