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Unit Supports Launch of Wix Checking, Enabling Integrated Business Banking for Wix Payments

1. Wix launched a new business banking solution powered by Unit. 2. This integrated banking feature provides immediate access to Wix Payments for users.

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FAQ

Why Bullish?

The introduction of integrated banking can enhance user engagement, similar to Shopify's successful banking services which boosted their stock value.

How important is it?

The launch potentially diversifies Wix's revenue stream, making it essential for future growth projections.

Why Short Term?

Increased user transactions may lead to immediate revenue growth, as seen historically with fintech integrations enhancing platform usage.

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NEW YORK--(BUSINESS WIRE)--Unit, the leading embedded finance provider, today announced that its banking technology powers Wix Checking1, the new integrated business banking solution launched by Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally2. The partnership provides Wix Payments users in the U.S. access to a fully integrated business checking account directly within the Wix platform, including immediate access to their Wix sales. Powered by Unit's technology, W.

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