Reasons to hire an external company for embedded finance solutions 2020

Published by Statista Research Department, Feb 8, 2023
According to a survey conducted in Europe in 2020, many non-financial companies plan to introduce embedded finance solutions in their service and/or product offerings. Also, many companies planned to hire an external consultant to facilitate this change. In particular, 65 percent of respondents would hire an external company due to their industry expertise.

Embedded finance consists in integrating financial services and products in non-financial businesses, so that companies not operating in the financial services sector can independently provide financial solutions tied to their products or services.

Reasons to hire an external consultant to introduce embedded finance solutions in non-financial businesses 2020

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Release date

March 2021

Region

France, Germany, Italy, Spain, United Kingdom

Survey time period

May to July 2021

Special properties

Decision makers for the identification and implementation of new products and service offers for customers

Supplementary notes

The source does not specify the survey methodology.

Businesses surveyed came from the following sectors: Vertical SaaS, Horizontal SaaS, Consumer marketplace, B2B marketplace and Gig economy platform, with more than 50 million USD in revenue.

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