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.
OpenPayd, an embedded finance infrastructure provider, announced it achieved profitability and reached €40 million in annual recurring revenue by June 2024. The company reported over 100% growth for the second consecutive year, serving more than 400 global clients. This milestone highlights the maturing embedded finance market.
BKN301 Group partnered with Finastra to deliver BaaS and payment white-label solutions, achieving go-live with Finastra's Essence core banking platform in less than six months. The partnership enables BKN301 to rapidly offer embedded banking and payment services. This highlights the growing demand for turnkey BaaS infrastructure that accelerates time-to-market for financial services.
Boost Bank, a joint venture between Axiata Group's Boost and RHB Banking Group, launched its digital banking app in Malaysia targeting unbanked populations. The app offers savings accounts and loyalty services. The venture received its digital banking license from Bank Negara Malaysia in January 2024, and the product went live in June 2024.
Morpheus launched as a UK bridging loan provider in June 2024, offering loans up to £750,000 powered by digital KYC, open banking integrations, and biometric verification. The fintech aims to modernize short-term property lending with embedded finance technology.
Arab Bank's fintech arm Acabes launched a Banking-as-a-Service API platform targeting the Middle East and North Africa region. The platform enables third parties to access banking services via APIs. This represents a significant BaaS expansion by a major traditional bank into the MENA market.
Plend launched its 'powered by Plend®' embedded credit API, offering an ethical alternative to buy-now-pay-later. The API integrates affordable credit with automated KYC, fraud checks, and assessments in under 10 seconds. It enables partners to embed responsible lending directly into their customer journeys.
FintechOS, a financial product management and digital infrastructure platform, raised $60 million in a Series B+ round led by Molten Ventures, Cipio Partners, and BlackRock. The funding will support global expansion and core banking systems modernization, reinforcing the platform's role in enabling embedded finance capabilities for banks and insurers.
Majority, a mobile banking platform serving migrants, raised $20 million ($12.5M equity, $7.5M debt) in its fifth funding round. The round was led by prominent fintech founders including Klarna co-founder Victor Jacobsson and iZettle co-founders, with follow-on from Avid Ventures, Valar Ventures, and Heartcore Capital. The funding supports the company's push toward profitability.
Leap Financial and Mastercard launched a white-label embedded remittance solution enabling banks, fintechs, retailers, and telcos in Latin America to integrate a 'request remittance' button into their platforms. Powered by AI agent LOLA on WhatsApp, the solution targets the $155 billion U.S.-to-Latin America remittance market with instant disbursements and revenue-sharing models.
Adro announced Stearns Bank N.A. as its sponsor bank for Banking-as-a-Service, enabling financial services for international students and workers in the U.S. The partnership allows users to open accounts before arriving without a Social Security number, access debit and credit cards, and build credit immediately. Adro plans to launch through university partnerships for the 2024-2025 academic year.
British accounting automation startup Ember partnered with HSBC UK to provide embedded tax services directly within HSBC's online business banking platform. The partnership allows HSBC's business customers to access Ember's tax automation offerings without leaving their banking environment. The deal followed Ember's £5 million funding round in May 2024.
Layer, an embedded accounting startup, secured $2.3 million in funding to develop its embedded accounting solutions. The platform positions itself as an alternative to traditional accounting software like QuickBooks. The investment supports Layer's efforts to enable platforms to integrate accounting capabilities directly into their products.
FIS unveiled Atelio, a fintech platform providing building blocks for financial institutions and non-financial companies to embed financial services. The platform enables deposit collection, money movement, card issuance, invoicing, fraud prevention, and cash flow forecasting. KeyBank, College Ave, and RoyalPay Inc. were announced as lighthouse clients at launch.
Mastercard partnered with Boost Capital to deploy a white-label tech platform targeting over 10,000 small businesses in the Philippines. The platform enables digital onboarding via chat apps like WhatsApp and Messenger, with AI verification and financial literacy tools. The partnership focuses on women-led enterprises and provides 24/7 access to loans, credit, savings, and merchant services.
The Hong Kong Monetary Authority launched FiNETech, a collaborative platform connecting approximately 100 banks, insurers, and technology firms to facilitate fintech adoption. The platform covers Wealthtech, Insurtech, Greentech, AI, and DLT, and includes access to the Fintech Supervisory Sandbox. This initiative formalizes a regulator-led framework for bank-fintech collaboration in Hong Kong.
Securitize partnered with Zero Hash to integrate fiat (USD via ACH/wires) and USDC funding rails via full-stack API and SDK infrastructure. The integration enables seamless on/off-ramping for tokenized real-world assets on Securitize's funding portal and ATS. This partnership bridges traditional finance and crypto infrastructure for asset tokenization.
Finastra announced its Next Gen Mobile Banking app at Ignite! 2024, targeting community banks and credit unions. The app features seamless customization, enhanced security, and a unified codebase for iOS and Android. It aligns with embedded finance trends by enabling banks to deliver modern digital experiences. Broader availability is planned for mid-2024 across all Finastra Phoenix consumer banking customers.
The FDIC proposed revisions to its policy on bank merger transactions, clarifying the approval framework for bank consolidations. Published in the Federal Register on April 19, the proposal could complicate large bank deals including those involving BaaS sponsor banks. The revisions signal heightened regulatory scrutiny of banking consolidation.
Synctera released a guide titled 'Getting BaaS Right' outlining six principles for compliant sponsor bank-fintech partnerships. The guide was published amid a wave of consent orders and heightened regulatory scrutiny in the BaaS industry. It aims to help banks and fintechs build sustainable, compliant embedded finance programs.
Primer announced it was on track to achieve 200% year-on-year revenue growth, driven by enterprise demand for its unified infrastructure for global payments and commerce. The platform enables merchants to orchestrate multiple payment providers through a single integration. This milestone underscores growing enterprise appetite for embedded payment infrastructure.
J.P. Morgan announced a new System Integrator Program within its Payments Partner Network, naming Accenture as the inaugural partner. The program enables professional services firms to co-develop and implement embedded payment solutions for clients. It builds on over 25 years of collaboration and targets industry-specific end-to-end payment experiences.
The FDIC issued consent orders against Piermont Bank and Sutton Bank for compliance failures related to their BaaS partnerships, particularly around Bank Secrecy Act obligations. Sutton Bank, which partners with fintechs including Robinhood, Square, and Upgrade, was required to collect customer data retroactively back to July 2020. The actions signal intensifying regulatory pressure on sponsor banks operating in the BaaS space.
Japanese fintech Digital Wallet merged with Seven Global Remit, a subsidiary of Seven Bank, on April 2, 2024. The merger enables Digital Wallet's Smiles Mobile Remittance service at Seven Bank ATMs across Japan. This embedded finance deal expands remittance access through physical banking infrastructure.
French open finance firm Powens completed its acquisition of Unnax, a Spanish electronic money institution specializing in open finance and embedded banking. The deal, approved by Banco de España, creates Powens Group with combined capabilities spanning Europe and Latin America. The acquisition is backed by PSG Equity and strengthens Powens' position in embedded banking infrastructure.