Case Study: ACE Money launches card issuing and expands embedded finance with Checkout.com

ACE embraces embedded finance to expand its offering with card issuing

ACE Money, a fintech initially known for its money remittance service, sought to expand its business by launching an all-in-one financial platform called ACE Union. The challenge was the complexity and high barriers to entry in the fragmented card issuing market, which traditionally required onboarding and integrating multiple providers, dealing with disparate APIs, and managing significant reconciliation efforts.

By partnering with Checkout.com and using its end-to-end Issuing solution, ACE was able to bypass these obstacles. The solution provided ACE with complete control over its card program, including the ability to issue fully branded physical and virtual cards and approve transactions in real-time. This enabled ACE to seamlessly diversify its revenue streams beyond remittances and successfully scale its new embedded finance offering.

ACE Money

Arslan Naeem

Chief Compliance Officer