Monite, a provider of API-first embedded workflows, has launched its iFrame solution, designed to enable small to medium-sized business (SMB) platforms to integrate core financial features within a short timeframe.
This solution aims to bypass lengthy development cycles, allowing SMB providers to deliver financial functionalities to their clients.
The accelerated integration process empowers SMB providers, such as vertical SaaS, neobanks, and payment platforms, to make agile, data-driven decisions.
Historically, developing robust Bill Pay, Invoicing, and Payments functionality in-house has been a significant challenge for B2B companies, often requiring 12+ months of development, even for teams with extensive resources.
For smaller businesses, these timelines can extend further, highlighting the appeal of plug-and-play solutions that offer speed and scalability.
The embedded finance market for SMBs is forecasted to reach $124 billion by the end of 2025, driving demand for flexible, efficient, and customizable tools designed to drive growth and streamline financial operations.
Monite‘s iFrame solution addresses this demand by providing a deployment option that combines speed with security standards.
Designed to integrate invoicing and billing functionalities into any platform in under 2 hours, Monite’s iFrame reportedly satisfies industry expectations for speed, security, and flexibility.
The solution adheres to OAuth 2.0 and aligns with client authentication frameworks, eliminating the friction of manual configuration while maintaining top-tier security.
Furthermore, Monite’s iFrame offers customization, making it adaptable to a diverse range of use cases and customer needs.
This integration method sets a new benchmark for accessibility in embedded accounts receivable and bill pay.
According to Ivan Maryasin, CEO of Monite:
“Monite’s iFrame is an excellent starting point for launching new financial features quickly and easily, testing them, and seeing results without requiring weeks of complex integration efforts.”
Alex Akimov, CTO of Monite, added:
“We couple iFrame with OAuth 2.0 — two rock-solid industry-proven technologies — to enable developers to embed an entire AP/AR solution into their web products, with hundreds of features, in a couple of hours.”
The new iFrame is now available across the US and European markets, showcasing Monite’s dedication to delivering innovative technologies with global impact.
Monite’s iFrame solution addresses the demand for rapid deployment of financial features in the SMB market.
By providing a secure, customizable, and deployable solution, Monite sets aims to set a standard for speed and efficiency in the industry.
However, it is crucial to consider the potential challenges and limitations associated with implementing this technology, such as ensuring proper integration with current systems and offering professional training to users.
As the embedded finance market gains more users and matures, it will be essential to monitor the adoption and impact of Monite’s iFrame solution and other similar technologies.