Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Licence Revocation issued against Paytm Payments Bank · RBI · Apr 26, 2026
Partnership — Credit One Bank Partners With Bright Money for Embedded Credit Cards · Apr 27, 2026
Product — Banking Circle Launches Stablecoin Settlement Services After CASP License · Apr 27, 2026
M&A — Collective Acquires Embedded Accounting Startup Open Ledger · Apr 24, 2026
Funding — UAE B2B Embedded Finance Platform Comfi Raises $65M Pre-Series A · Apr 27, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
Visa completed its acquisition of Featurespace, an AI-powered fraud and financial crime detection company. The deal strengthens Visa's real-time fraud prevention capabilities across its global payments network. This acquisition enhances embedded finance ecosystems by improving the security infrastructure underlying BaaS and payment platforms.
Lenders Cooperative and Ventures Lending Technologies announced a merger on December 17, 2024, combining their lending technology platforms. The deal aims to create a more comprehensive embedded lending infrastructure for community banks and credit unions. The merger was completed in February 2025.
TAPCO Credit Union launched its new digital banking platform powered by Lumin Digital on December 16, 2024. The cloud-native solution features enhanced debit/credit card tools, business banking, payments integration, and fraud detection. The launch demonstrates growing credit union adoption of modern digital banking infrastructure.
Newline by Fifth Third, the bank's API-based embedded payments and deposits platform, was recognized as Most Innovative Financial Institution at the This Week in Fintech Awards. The platform was built following Fifth Third's acquisition of Rize Money in 2023. The award highlights Fifth Third's growing role as a BaaS provider offering embedded finance capabilities to fintechs and enterprises.
MANTL announced the expansion of its platform on December 11, 2024, unifying deposit and loan origination into a single solution. The platform supports consumer and business loans with real-time cross-sells, automated underwriting, and account opening under three minutes. The launch targets banks seeking to deepen embedded relationship banking.
TD Bank partnered with Backbase to modernize its retail credit card business through a digital-first, multi-channel experience. The rollout began with over two million customers of a large strategic card partnership program. This collaboration aims to deliver a seamless, modern credit card service experience.
NymCard announced a strategic partnership with AlRayan Bank in Qatar to enable fintechs, banks, and non-bank financial institutions to create and scale innovative card programs and payment solutions. The partnership leverages NymCard's API-driven platform with AlRayan Bank's local market expertise, aligned with Qatar Vision 2030.
Walmart's majority-owned fintech, One, announced plans to relaunch the retailer's dual co-brand and private label credit card portfolio. One partners with Coastal Community Bank for installment loans. This move signals Walmart's deepening push into embedded financial services for its customer base.
KPay, an Asia-focused payments and financial management platform, raised $55M in the largest Series A in payments for 2024. Led by Apis Partners, the funding will fuel expansion across Indonesia, Philippines, Malaysia, and Thailand through organic growth and M&A. The round highlights growing embedded payments infrastructure demand in Southeast Asia.
B4B Payments and Banking Circle were named Best Bank & Fintech Partnership at the 2024 Banking Tech Awards. The partnership centers on Banking-as-a-Service capabilities. The recognition highlights the growing importance of BaaS-enabled collaborations between licensed banks and payment fintechs in the European market.
Infinant closed a $15M Series A funding round led by FinTop Capital and JAM FINTOP BankTech to scale its Interlace cloud-based platform. The platform enables banks to launch and manage embedded banking programs including accounts, payments, and cards without core system dependency. The funding will support regulatory compliance tooling and market expansion.
Upvest, a Berlin-based investment API platform, raised €100M (~$104M) in a Series C round led by Hedosophia with participation from Sapphire Ventures. The funding will be used to double its 170-person team and scale its embedded investing platform. The round underscores strong investor appetite for API-driven financial infrastructure enabling banks and fintechs to embed investment products.
Parafin, a U.S.-based embedded finance infrastructure company, raised $100M in a Series C round at a $750M valuation. Led by Notable Capital with Redpoint Ventures and Ribbit Capital, the funding will expand its API-driven capital access for small businesses. The round highlights growing demand for embedded lending infrastructure integrated into platforms and marketplaces.
BVNK, a stablecoin payments infrastructure provider, raised $50M in a Series B led by Haun Ventures with participation from Coinbase Ventures. The funding will scale its B2B payment APIs for global businesses using stablecoins. The round signals growing institutional interest in stablecoin-based embedded payment infrastructure.
Gigs, a BaaS-style operating system enabling tech companies to embed mobile and telecom services, raised $73 million in Series B funding led by Ribbit Capital. Google's Gradient, Y Combinator, and Speedinvest also participated. The funding will support geographic expansion and new product development.
Partior secured $80M in Series B funding to enhance its blockchain-based real-time clearing and settlement platform. Investors include Deutsche Bank, Peak XV Partners, J.P. Morgan, Jump Trading Group, Standard Chartered, Temasek, and Valor Capital Group. The funding supports global financial settlement infrastructure.
Mascoma Bank developed and launched Stratum, an in-house middleware data hub designed to integrate disparate banking platforms and enable iterative core banking conversions. The bank plans to spin off a subsidiary in 2025 to offer Stratum to other community banks and fintech partners.
NORBr raised €3M in funding led by Alstin Capital with Portfolion participating to expand its no-code Payment Infrastructure as a Service platform. The company provides API-driven omnichannel payment orchestration. Funds will be directed toward advanced features, payops automation, compliance tools, and hiring.
Capital markets fintech Capitolis raised $20M from a consortium of major banks including Citi, Morgan Stanley, State Street, and UBS. The investment highlights growing bank-fintech partnerships in capital markets infrastructure. Capitolis provides technology to optimize capital allocation for financial institutions.
EdfaPay secured a $5M pre-Series A round led by OmanTel Innovation Labs for its softPOS payments technology. The platform enables merchants to accept payments directly on mobile devices without dedicated hardware. The funding supports EdfaPay's growth in embedded payment acceptance.
Adyen and Spendesk announced a partnership to develop embedded finance services including business bank accounts and card issuing for medium-sized businesses. Spendesk will leverage Adyen's BaaS platform and banking licenses in the UK, EU, and US to accelerate 2025 product launches. The collaboration enables customized payments including Apple Pay and Google Pay support.
Pemo, a spend management and corporate card provider, raised $7M in a pre-Series A round led by Shorooq Partners and Augmentum Fintech. The company offers embedded financial tools for corporate expense management. The round supports expansion in the MENA market.
StoreCash secured a $3.7M seed round led by Black Operator Ventures for its cashback payments API. The platform enables embedded cashback rewards through an API-first approach. The funding supports StoreCash's growth in the embedded finance payments space.
Brightwell announced integration of its ReadyRemit cross-border payments platform with Q2's digital banking platform via the Q2 Partner Accelerator program. The integration enables financial institutions to offer white-label remittance services directly within their digital banking apps. This provides banks a pre-integrated SDK for cross-border payments without custom development.