Embedded finance fintech Andaria forms alliance with Mastercard

UK and EU-regulated fintech Andaria has revealed enhancements to its embedded finance offering through a new alliance with Mastercard.

The collaboration with Mastercard complements Andaria’s “mission” to improve the quality of its card and payment solutions under the Principal membership agreement.

It will be complementary to its existing dedicated IBANs, business accounts and range of services that form its embedded finance proposition.

Nirav Patel, CEO of Andaria

Andaria launched its embedded finance solution in November last year following a beta testing phase, with the offering designed to help non-financial companies integrate payment services into both new and existing platforms.

The integration with Mastercard is due to roll out in early 2024.

Nirav Patel, Andaria’s chief executive officer, called it “another strategic milestone” for the fintech.

“This collaboration with Mastercard is in line with our intentions to redefine the financial landscape,” said Patel.

“It solidifies our position as a key player in the embedded finance ecosystem and underscores our commitment to delivering innovative, cutting-edge solutions.”