Bizcuit Powers Rabobank to Offer Embedded Financing Services

Dutch multinational banking and financial services company Rabobank announced a partnership with Dutch SME app Bizcuit to provide integrated invoice finance to businesses.

Businesses may quickly apply for invoice finance using the Bizcuit app's embedded lending feature. With the owner's permission, Bizcuit automatically gathers the information required for financing and sends it with the application. The company gets an offer when the application is accepted. Within 24 hours of its acceptance, the funds are wired to the account.

"With Rabobank Invoice Financing, every business that banks with the major banks in the Netherlands can apply for financing in the Bizcuit business app with just one push of a button," said Kuik, CEO at Bizcuit.

"Embedded Lending enables simple and fast funding requests in the place where you arrange your business. This is how we, together with our partners, help businesses grow," added Martijn Kwant, the head of strategy and innovation, business clients at Rabobank.

Earlier, Fazzaco published an article in which a survey predicts 215% global growth for the embedded finance in 5 years. Read more.