Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Civil Money Penalty issued against Muthoot Finance · RBI · Jul 18, 2026
Partnership — Cashee Youth Banking App Launches in Saudi Arabia Backed by Arab National Bank · Jul 18, 2026
Product — Visa Launches Stablecoin Platform for Banks and Fintechs · Jul 17, 2026
M&A — Socure Acquires BNPL Database Qlarifi for Credit Infrastructure · Jul 17, 2026
Funding — Alpaca Raises $135M to Scale Embedded Brokerage Infrastructure · Jul 17, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
Spare partnered with Xsquare to enable open finance-powered business payments. The collaboration focuses on account-to-account payment flows for B2B use cases. The partnership was announced on Jul 10, 2026.
Cashee, a mobile banking and financial education app for youth aged 6 to 18, is preparing to launch in Saudi Arabia with Arab National Bank (ANB) as its sponsor bank. ANB issues prepaid Visa cards for the platform under a BaaS arrangement. The launch builds on ANB's USD 3 million investment in Cashee in 2022.
TA Associates made a majority growth investment in PairSoft, a procure-to-pay automation and payments provider, on Dec 17, 2025. Turn/River Capital fully exited its stake as part of the transaction. PairSoft serves more than 1,500 customers across North America and Europe.
Payfina and Member Access Processing (MAP) partnered on Jul 17, 2026, to expand embedded payments for credit unions. MAP is a CUSO and card-processing partner serving the credit union ecosystem. The deal focuses on digital commerce and payment infrastructure for cooperative institutions.
Visa announced the Visa Stablecoin Platform (VSP) on Jul 16, 2026, an enterprise platform for banks, fintechs, and payment providers to mint, manage, and move stablecoins. The platform initially supports Open USD (OUSD) from Open Standard. VSP includes onchain wallet infrastructure and connectivity into Visa's network.
Socure acquired Qlarifi, a BNPL consumer credit database, to build unified identity, anti-fraud, and BNPL credit infrastructure. The deal gives BNPL providers a deeper risk data layer and aims to help consumers build credit responsibly. Terms were not disclosed.
Alpaca raised $135 million in a round led by Peak XV with participation from Elefund, Opera Tech Ventures, and Unbound. Total financing reached $435 million including debt from Payward and BMO. The capital will fund expansion of its brokerage API infrastructure across traditional and tokenized markets.
RS2 launched Beyond by RS2 on Mar 17, 2026, a digital payments brand built on its BankWORKS platform. The program lets fintechs issue cards and process payments across Europe under RS2's EMI license and Visa/Mastercard memberships. It combines card issuing and merchant acquiring on a single platform.
Lumin Digital raised over $115 million in new capital, combining $70 million from bank and credit union clients with a $45 million growth equity round led by Light Street Capital. The funding will support AI, payments, lending, and other product expansion areas. FT Partners advised on the transaction.
Flute, a payments platform for small businesses, partnered with Jaris to launch working capital loans and instant payouts inside its dashboard. Funding decisions draw on merchants' existing Flute transaction history. Jaris brings over $1 billion in capital capacity to the offering.
PlexPay launched a patient finance and payments platform for healthcare providers, powered by U.S. Bank Avvance, an embedded point-of-sale lending solution. The platform combines merchant processing with patient financing at the point of care. U.S. Bank Avvance supplies the embedded lending rails.
JetBlue and ClarityPay launched a pay-later program embedding financing into the airline's booking and loyalty ecosystem. The program offers introductory 0% APR on terms up to 12 months and lets customers earn TrueBlue points on eligible purchases. Additional loyalty integrations are expected later in 2026.
Oportun announced a lending partnership with Column N.A. on Jul 09, 2026. Column, a nationally chartered bank, will originate unsecured personal loans through Oportun's program. Oportun will provide the platform, including marketing, servicing, and program-support capabilities, subject to Column's oversight.
Nu Holdings received conditional approval from the OCC on Jan 29, 2025, to form a de novo national bank, Nubank, N.A. The charter would allow Nu to offer deposit accounts, credit cards, lending, and digital asset custody in the United States. Nu serves 127 million customers across Brazil, Mexico, and Colombia.
Stripe and Advent International made a joint offer on Jul 15, 2026 to acquire PayPal Holdings for more than $53 billion, a 28% premium to PayPal's closing price. The bid is backed by about $50 billion in committed bank financing. The two buyers would hold equal stakes without breaking up PayPal.
CIMB Group and PingPong signed an MoU on Sep 22, 2026, integrating CIMB's banking infrastructure with PingPong's global payments network for cross-border B2B payments. The partnership launches in Malaysia, with expansion planned across ASEAN. It covers payments, merchant financing, and white-label SME cards.
CSI acquired Qolo, a payments and treasury infrastructure provider, on Jul 14, 2026. The deal expands CSI's commercial banking and embedded finance capabilities. D.A. Davidson served as exclusive advisor to Qolo.
Grove, an on-chain credit infrastructure protocol, secured a $500 million warehouse lending facility from Galaxy Digital on Jul 15, 2026. The facility backs institutional lending and credit flows in tokenized environments.
Pliant, a Berlin-based B2B payments fintech, partnered with Coastal Community Bank to enter the U.S. market. Coastal Community Bank will serve as Pliant's sponsor bank for commercial card issuing. The deal marks Pliant's first operational presence in the United States.
Green Dot Corporation and CommerceOne shareholders both voted to approve the pending acquisition of Green Dot on Jun 23, 2026. Over 99% of Green Dot shares voted were in favor, while 100% of CommerceOne shares voted backed the deal. The transaction also involves Smith Ventures, LLC.
The OCC approved Circle to establish First National Digital Currency Bank, N.A., operating as Circle National Trust. The national trust bank will provide fiduciary digital asset custody for Circle and its affiliates. Reserve management for USDC is planned as a future capability.
EFICYENT partnered with IME Limited to open a Nepal payment corridor. The MoU was signed on Jun 29, 2026 at EFICYENT's UAE office. The corridor enables real-time bank account and digital wallet payouts for customers sending money to Nepal across EFICYENT's global network.
The Saudi Central Bank (SAMA) began licensing fintech companies to provide open banking services on Mar 26, 2026, after completing its regulatory sandbox phase. The program falls under the National Fintech Strategy tied to Saudi Vision 2030. It formalizes frameworks for bank-fintech collaboration on financial products.
BNY announced an expanded relationship with Circle on Jun 29, 2026, adding stablecoin enablement services to its Digital Asset Custody platform. USDC is the first stablecoin supported, allowing BNY clients to store, transfer, mint and burn USDC. BNY also serves as primary custodian of USDC reserves.