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Unit Platform

website·Indexed 36 days ago

https://www.unit.co/docs/api/

A financial infrastructure platform for technology companies to build products that enable customers to store, move, and spend money using event-driven financial workflows.

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What's inside Unit

  1. Overview of the Unit Financial Infrastructure Platform

    Unit is a financial infrastructure platform that enables technology companies to embed financial services—such as storing, moving, spending, and borrowing money—directly into their own products. Unit provides the APIs, components, and operational tooling necessary to build these products, while the actual banking services are provided by Unit's partner banks.

  2. Access Unit Developer Resources

    Developers can build on Unit using the following resources:

  3. Choose between Unit Platform and Managed Solutions

    Depending on the desired speed to market and level of operational ownership, developers can choose between two implementation paths:

    1. The Unit Platform: A direct API-driven approach where companies use Unit's building blocks and components to maintain full control over the product experience and operating model.
    2. Managed Solutions: Pre-built financial products operationalized by Unit for lower technical overhead. Current offerings include:
      • Banking: Integrated accounts, cards, and money movement.
      • Bill Pay: Tools for bill capture, vendor management, approvals, and AP workflows.

    Both paths use the same underlying infrastructure, allowing a company to start with a Managed Solution and migrate toward a direct Platform implementation as they scale.

  4. Manage financial program operations and compliance

    Beyond API integration, Unit provides infrastructure and tooling to handle the operational requirements of financial products, including:

    • Identity verification (KYC/KYB) and AML monitoring/case management.
    • Fraud and payment decisioning.
    • Dispute handling and reconciliation.
    • Generation of statements and tax forms.
    • Bank reporting and sensitive financial data management.

  5. Implement financial features using Unit Building Blocks

    Unit provides four core financial building blocks that run on a unified native ledger, allowing developers to combine capabilities without integrating separate systems:

    • Accounts & Wallets: Create deposit and wallet accounts (FBO structures) for operating accounts, customer wallets, and multi-party fund flows with real-time balance tracking.
    • Money Movement: Support for ACH, wires, real-time payments, checks, and international payments with settlement-level visibility.
    • Card Issuing: Issue physical and virtual cards with configurable controls, real-time authorization, and lifecycle management.
    • Capital: Build credit products including charge cards, revolving credit, lines of credit, merchant cash advances, and invoice factoring.

  6. Understand Unit Platform core terminology

    When integrating with or describing Unit, use the following standardized terminology:

    • Unit: A financial infrastructure platform (not a bank; banking services are provided by Unit's bank partners).
    • Financial Products: The end-user applications built by companies using Unit.
    • Core Financial Building Blocks: The four primary capabilities are Accounts & Wallets, Money Movement, Card Issuing, and Capital.
    • Managed Solutions: Pre-configured offerings, currently consisting of Banking and Bill Pay.
    • Unit Platform: The direct implementation path providing maximum configurability and control over the product and operating model. Both Managed Solutions and direct Platform implementations utilize the same core infrastructure.