Embedded Finance Made Easy with Wingspan

Traditional payroll and HR systems aren’t built with contractors in mind. 

But they could be.

With W2 employees, onboarding and payroll is so simple it feels automatic to the rest of the team. But with your independent contractors—who may do work one month and skip the next—administrators often have to cobble together multiple solutions to make the payroll process work. And it only gets more complicated come tax season.

This kind of administrative headache will only get worse in the next few years. More than 57 million Americans reported doing some kind of freelance work in 2024. Business Insights projects that the gig economy will triple from $5.7 billion in 2024 to over $1 trillion by 2032, with a forecasted CAGR of 16.18%.

Adding these capabilities to your product doesn’t mean you have to start from scratch. At Wingspan, we’re known for creating a seamless contractor experience, from instant payments and automatic 1099 tax filing. Make it easy for your customers to handle every aspect of contractor management by partnering with Wingspan.

Wingspan Embedded creates a fully-modular system that can be plugged-in to existing partner platforms to create new levels of functionality—and drive meaningful revenue streams. 

Benefits of partnering with Wingspan Embedded Finance

With Wingspan Embedded Finance, you can:

• Drive more revenue. Enable a new revenue stream in weeks instead of months with an API-first platform that delivers a best-in-class service. 
• Get it done faster. Minimize impact on internal teams by eliminating the cost burden to build, maintain, or support users of the platform by partnering with us.
• Control the user experience. Embed Wingspan seamlessly into your existing software ecosystem with flexible, white-labeled UI components and customizable front-end. 

We work with major international organizations that chose to partner with us over building themselves. Not only were they facing pressure from fast-growing competitors, they understood it would take months of work and new headcount to produce a baseline product. Instead, they chose to partner with Wingspan, leveraging our infrastructure to build multiple best-in-class contractor solutions on a unified API. And they did it all in a few weeks, with their existing team.

"Using Wingspan's business debit account has been a game changer for me,” writes Trustpilot user Carrie Mullins. “No monthly fees and seamless integration make managing my finances so much easier. The real-time spending insights and expense tracking tools keep me on top of everything, and I love how quickly I can access my funds while feeling confident that my transactions are secure.”

Two ways to build with Wingspan

At Wingspan, our goal is to make it as easy as possible for your customers and their contractors to access features like instant payments, financial management tools, and contractor benefits like health insurance. 

Partners can take one of two different approaches:

1. Full platform access. Take our entire platform and embed it directly into your product.
2. Contractor-only access. Embed specific Wingspan functionality into your product. Pick and choose which features make the most sense for you. It’s your front-end infrastructure and user experience, but with Wingspan underneath.

With both options, you can choose how much you want it to look and feel like your brand. You can fully whitelabel the experience—where it’s powered by Wingspan behind-the-scenes, but your customers will see it as part of your overall product. Or, you can use an iFrame or API option, which gets the functionality up and running more quickly. We work directly with our partners to find the best option for their customers.

The first option is designed for partners who want to include every aspect of the contractor management lifecycle, from onboarding to tax compliance. This takes everything that Wingspan has to offer and makes it yours.

But you may already offer similar functionality in a given area, and simply want to expand your capabilities without building it from scratch. The second option gives you the flexibility and control to add features to your products based on your customer needs. For example, you may already offer payments for your customers, but want to provide a better contractor experience for them by offering access to benefits like telehealth or financial planning just as W2 employees often receive.

Partnering with Wingspan gives you access to our team of experts who are here to help you implement the best solution for your product and your customers. Bring Wingspan’s end-to-end 1099 payroll experience into your platform while keeping your brand front and center. See how we can work together >

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