6 Interesting Companies Selling Picks/Shovels to Software Companies
This article explores 6 companies selling picks/shovels to software companies. From embedded banking to embedded insurance, find out more about the products and services these companies offer.
Luke Sophinos
Writing about all things Vertical Software | Founder & CEO @CourseKeyEDU (vSaaS for Trade Schools) | Thiel Fellow @ThielFellowship | Advisor @JoinAtomic |
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6 Interesting companies selling picks/shovels to software companies ⬇ pic.twitter.com/FlTydFF9U7
— Luke Sophinos (@lukesophinos) June 22, 2023 -
#1. Unit (Embedded Banking) - Unit allows companies to offer white label credit cards, charge cards, debit cards, or bank accounts. pic.twitter.com/vr9O5xMOhk
— Luke Sophinos (@lukesophinos) June 22, 2023 -
Example: Imagine you build software for restaurants. You could work with Unit to enable restaurants to bank with you too and not have to go to a third party provider. pic.twitter.com/eZ7iLwI7TF
— Luke Sophinos (@lukesophinos) June 22, 2023 -
#2. Vertical Insure (Embedded Insurance) - Creating new insurance products is really tricky. Enter Vertical Insure. They build insurance products around the line of business from the purchase up. pic.twitter.com/yNRt7SYfUV
— Luke Sophinos (@lukesophinos) June 22, 2023 -
Example: You have a software solution that youth sports camps leverage for registration and payments. You can work with Vertical Insure to offer insurance coverage for your youth sports customers. pic.twitter.com/EO0JW1grTR
— Luke Sophinos (@lukesophinos) June 22, 2023 -
#3. Kanmon HQ (Embedded Lending) - Kanmon enables software companies to offer lending directly within their products. pic.twitter.com/yVxHQVHvl8
— Luke Sophinos (@lukesophinos) June 22, 2023 -
Example: Imagine you're a construction software company, and construction businesses use your software for project management. You could work with Kanmon to help fund purchase orders for certain supplies. pic.twitter.com/zQeEbOukPd
— Luke Sophinos (@lukesophinos) June 22, 2023 -
#4. Learnosity (Embedded Assessment) - Learnosity enables companies to quickly and easily add quizzing/testing functionality to their software. pic.twitter.com/EfG6UzDNZM
— Luke Sophinos (@lukesophinos) June 22, 2023 -
Example: If you provide school management software, you could leverage learnosity to add an academic suite of products allowing for quizzes, tests, surveys, etc. pic.twitter.com/1leRWCMh6q
— Luke Sophinos (@lukesophinos) June 22, 2023 -
#5. Check (Embedded Payroll) - Low agency people look at the social engagement of content before deeming its quality. High agency people just look at the content. They spot upcoming creators very early. pic.twitter.com/vaYxFdr4Bo
— Luke Sophinos (@lukesophinos) June 22, 2023 -
Example: If you offer a software solution for bowling alleys that helps manage staff schedules, you could white-label your own payroll solution so bowling alleys could handle employee payments and benefits with you instead of a horizontal provider. pic.twitter.com/RhVhaJF3CY
— Luke Sophinos (@lukesophinos) June 22, 2023 -
#6. Stripe (Embedded Payments) - One of the early pioneers of the embedded software movement, Stripe enables any software application to add payments. Easily send/recieve payments.
— Luke Sophinos (@lukesophinos) June 22, 2023
Example: You sell a mobile app game. Leverage Stripe to add a paid tier. pic.twitter.com/DKhNujRbqU -
What other interesting embedded use cases are out there?
— Luke Sophinos (@lukesophinos) June 22, 2023
What companies are building the picks/shovels here? -
Thanks for reading.
— Luke Sophinos (@lukesophinos) June 22, 2023
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