HUBUC partnered with Transact Payments to enhance embedded finance

By Joy Dumasia

HUBUC, an embedded financial services powerhouse for B2B SaaS, has partnered with Transact Payments, the experts in cards and payments, to provide physical cards to its business clients across UK and European Economic Area (EEA) markets.

HUBUC empowers forward-looking Software-as-a-Service (SaaS) brands to make their offering more versatile by plugging into the proper infrastructure to embed financial services, such as improved reconciliation, expense and supply chain management, and wage advancement.

The partnership comes at a time of intense interest from businesses across the UK and the EEA in embedded financial services and its capabilities, especially in SaaS sectors like accounting, employee benefits, payroll and tax management. Large corporate clients are also driving further interest within industries like insurance and supply chain management.

HUBUC covers all compliance needs and provides access to cutting-edge FinTech and banking partners, enabling businesses to offer their customers innovative financial services, increasing customer loyalty and enhancing user experience. HUBUC also ensures the highest level of financial security, from product features such as dynamic CVV codes on cards to ongoing Anti-Money Laundering monitoring drawing on the latest machine learning techniques.

Ignacio Javierre, Co-Founder & COO, HUBUC, said: “Embedded financial services is a driving force behind innovation across many industries, especially B2B SaaS with a non-FinTech core. Debit and credit cards provide plenty of opportunities when it comes to expense management and employee benefits. Transact Payments is a valuable partner which enables us to provide those services in Europe and the UK.”

Aaron Carpenter, CEO, TPML, said: “We’re delighted to have partnered with HUBUC to provide a smooth cardholder payment service to its business clients. It comes at a time when more and more businesses are waking up to the significant benefits offered by embedded financial services, making HUBUC’s innovative platform much sought after.”

Recently, IBS Intelligence reported that Banking-as-a-Service HUBUC has partnered with the Anti-Money Laundering (AML) and risk detection provider ComplyAdvantage to integrate its innovative compliance and security screening technology.