Case Study: Players Health launches embedded business banking in under 6 months with Praxent

Players Health launches embedded banking in under 6 months with Praxent

Players Health, a company serving the youth sports industry, faced significant financial challenges among its small business clients, including fraud, complex accounting, and seasonal cash flow issues. To address this, they partnered with vendor Praxent to develop a custom digital banking and lending platform.

Praxent designed and built a comprehensive fintech solution featuring business account opening, digital banking, corporate card management, and buy-now-pay-lending. This was launched in under six months. The results were substantial, with 50+ SMBs onboarded in beta, $600K in annual recurring revenue secured in the first week, and Players Health successfully securing $30M in Series B funding.

Players Health