Orenda Finance, the no code, embedded financial service, has signed a global card issuing deal with Visa, the world leader in digital payments.
The global partnership will help Orenda to accelerate the business and build relationships in new territories across the world and develop bespoke banking solutions for clients.
Josh Vittori, CEO, comments: “This is an exciting time for the business and by working with Visa on our digital payment offering, we can provide unique solutions for digital banking across the globe. With this collaboration, we expect to issue an extra 250,000 cards within the next 6 months and with our new London HQ offices, we are in a strong position for 2023.”
Dan Roesbery, VP of Global Fintech Partnerships at Visa, added, “We are proud to collaborate with Orenda as they work to enable new embedded finance programs around the world. We’re excited about the growth potential for embedded finance, and infrastructure players like Orenda are helping to reduce costs & barriers, while improving speed to market for brands to launch new card and payments experiences for their customers.”
Launched in 2020, Orenda offers embedded financial products and services that provide a whole host of benefits. With access to configurable solutions and no code web apps, a business can create new revenue streams by creating personalised embedded financial service products. Traditional suppliers are often rigid and complex, with a high barrier to entry that involves multiple agreements, costly fees, lengthy time to market and non-scalable solutions.