Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Fine issued against Barclays · UK Payment Systems Regulator (PSR) · Jun 11, 2026
Partnership — Thredd and Sutton Bank Partner to Power U.S. Card Program Expansion · Jun 17, 2026
Product — Finmid and myPOS Launch Embedded Working Capital Finance for 90,000 Italian Merchants · Jun 16, 2026
M&A — Temenos Acquires Additiv to Add Embedded Wealth Orchestration · Jun 16, 2026
Funding — Interchecks Raises $50 Million Series C for Instant Payments Platform · Jun 17, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
Vantage Bank launched Vantage Collabs, an embedded banking line built on Infinant's Interlace platform. The offering will serve fintech brands, payment infrastructure providers, and other financial institutions. Banks maintain operational and regulatory control through the cloud-based platform, reflecting a bank-led approach to BaaS.
U.S. Bank's Elan Financial Services and Fiserv announced a sponsor bank partnership integrating Elan's credit card program into Fiserv's Credit Choice platform. The solution combines credit and debit card capabilities for over 100 Fiserv financial institution clients. Rollout begins summer 2025 with full portfolio conversion expected by year-end.
Cardless unveiled an API-based embedded credit card platform enabling brands to build custom credit card programs natively within their apps. Coinbase is the first partner, gaining full control over user experience and rewards customization. The platform bypasses traditional co-branded credit card models in favor of deeply integrated, brand-native experiences.
People Trust Community FCU joined the Treasury Prime Network as its first credit union partner, expanding embedded banking access to mission-driven, community-based institutions. The partnership marks Treasury Prime's expansion beyond traditional bank partners into the credit union sector. This move aims to advance financial inclusion through embedded banking infrastructure.
India-based API banking platform Decentro secured $3.5M in Series B funding led by InfoEdge Ventures. The company provides full-stack financial infrastructure serving over 1,200 enterprise customers including BharatPe and MakeMyTrip. Funds will support enterprise adoption, product enhancements, and a planned relocation of its parent entity to India.
Berlin-based embedded lending platform Banxware secured €10m ($11.4m) in strategic funding from UniCredit. The investment supports a new partnership with UniCredit's BaaS subsidiaries Aion and Vodeno. Banxware will shift to forward flow lending for improved capital efficiency and scalability.
US-based OatFi secured $24M in Series A funding led by White Star Capital to build API-first embedded credit infrastructure for B2B payments. The platform integrates with AP/AR systems and partners like Unit, Transcard, and Galileo. Proceeds will accelerate product development targeting the $35 trillion US B2B payments market.
U.S. Bank announced an expansion of its Embedded Payment Solutions, integrating secure real-time payments into platforms for fintechs, apps, and enterprises. The suite includes for-benefit-of (FBO) accounts and instant payments capabilities. This positions U.S. Bank as a major BaaS infrastructure provider for non-bank platforms.
Revolut acquired Banco Cetelem to enter the Argentine market and obtain a banking license in the country. The deal gives Revolut a direct banking presence in Argentina rather than relying on partner banks. This marks a significant expansion of Revolut's Latin American footprint.
Xero acquired Melio, a B2B payments platform, for $2.5 billion in June 2025. The deal embeds payment capabilities directly into Xero's accounting software used by millions of SMEs. This represents a major embedded finance play in the SME accounting and payments space.
Payabli closed a $28M Series B led by Fika Ventures and QED Investors, bringing total funding to $60M. The platform provides API-driven payments infrastructure for software companies, including card issuance and AI features. The round follows 7x revenue growth and billions in payment volume processed.
Shift4 acquired Smartpay, a payment processing firm in Australia and New Zealand, for $180 million in June 2025. The deal expands Shift4's embedded payments presence into the APAC region. Smartpay provides payment terminal and processing services to merchants across ANZ markets.
Stripe acquired Privy, a crypto wallet infrastructure provider, as part of a wave of major fintech M&A activity in June 2025. The deal expands Stripe's capabilities in crypto and embedded wallet infrastructure. This signals Stripe's deeper push into Web3 and crypto-adjacent embedded finance services.
Tietoevry Banking joined the Norwegian fintech cluster Finance Innovation on May 23, 2025. The partnership aims to accelerate innovation, knowledge sharing, and competitiveness in the financial sector. Finance Innovation is a national cluster supported by Innovation Norway, the Research Council of Norway, and SIVA.
Visa launched its Commercial Integrated Partners program on May 22, 2025, to accelerate embedded finance adoption among fintechs and enterprise software providers. The program provides streamlined API access for integrating commercial payments, virtual cards, and data solutions into business applications. Early partner Car IQ reported the program could save 18-24 months of development time for fleet payment integrations.
The OCC issued an interim final rule effective May 15, 2025, restoring expedited merger reviews and streamlined procedures for bank transactions. The rule reduces scrutiny on novel activities, directly benefiting fintechs, crypto firms, and de novo national bank applicants seeking to enter the banking system.
Banque Saudi Fransi (BSF) launched a next-generation digital banking platform built on Backbase's engagement platform, with middleware integration by Hexaware. The AI-powered omnichannel platform covers retail mobile and web banking with features including digital onboarding, Apple Pay, and biometric authentication. The initiative reflects a banking-as-a-platform approach that modernizes customer-facing channels while preserving legacy core systems.
Inswitch and Mastercard announced a partnership on May 14, 2025, to launch embedded payments and card issuing programs across multiple industries. The collaboration leverages Inswitch's fintech technology platform with Mastercard's network to enable non-financial companies to offer payment services. The partnership aims to expand embedded finance adoption across diverse verticals.
Jeeves launched an embedded finance solution on May 9, 2025, targeting Brazil's corporate travel sector with virtual card technology. The product improves traceability, reduces fraud, and enhances expense control for travel agencies. It represents Jeeves' expansion into embedded B2B payment solutions in Latin America.
Glide raised a $15 million Series A to expand its embedded deposit origination platform for community banks and credit unions. The platform reduces account opening time from 20 minutes to under 3 minutes and boosts onboarding rates by 3x. Glide supports all account types via seamless integration into existing banking systems.
TradeBridge secured a £70M (~$88M) credit facility from Castlelake to fund embedded finance lending to SMEs, including eCommerce marketplace sellers on platforms like Amazon. The facility enables TradeBridge to scale its embedded lending offerings within digital commerce ecosystems. The deal highlights growing institutional capital backing for embedded finance in SME lending.
AvidXchange, a B2B payments automation platform, was acquired by TPG and Corpay for $2.2 billion. TPG gained majority control through its private equity platform while Corpay took a 33% minority stake. The deal highlights continued investor appetite for embedded B2B payments infrastructure.
Slash secured a $41M Series B at a $370M valuation led by Goodwater Capital, NEA, and Menlo Ventures. The company provides industry-specific business banking including checking accounts and payment cards. The round supports its challenge to one-size-fits-all banking with tailored vertical financial solutions.
Lendflow obtained $15M in growth capital from Trinity Capital to enhance its AI-driven embedded credit infrastructure platform. The company provides credit APIs enabling fintechs, vertical SaaS companies, and lenders to integrate lending capabilities. The funding advances Lendflow's mission to make credit decisioning faster and more accessible via API.