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.
Zenus announced the launch of its fintech division providing payment and banking services for organizations in Puerto Rico and abroad. The move follows the integration of payments processor FUEX into the Zenus brand. This positions Zenus as an embedded banking and payments provider serving underbanked markets in the Caribbean and Latin America.
Lumin Digital launched its cloud-native digital banking platform with New England Federal Credit Union (NEFCU), serving 166,000 members. The platform supports online and mobile banking with personalized spending insights, financial advice, savings goals, fraud alerts, and real-time updates. This deployment demonstrates growing demand for modern digital banking infrastructure among credit unions.
EQ Bank announced an expanded collaboration with Berkeley Payments to strengthen its BIN sponsorship business for prepaid cards in Canada. EQ Bank serves as the issuing BIN sponsor while Berkeley Payments manages commercial prepaid card programs. The partnership enables fintech-like services including incentive programs, reimbursements, and early wage access through EQ Bank's banking infrastructure.
Unit introduced its White-Label App enabling software companies to launch branded embedded banking and lending products with a single line of code. The product reduces development timelines from 6-12 months to near-instant deployment. This significantly lowers the barrier for non-financial platforms to offer banking services through BaaS infrastructure.
The Hong Kong Monetary Authority announced expanded Open API initiatives during FinTech Week, including centralized datasets on bank branches and ATMs from 20 retail banks. HKMA also unveiled a Fintech Promotion Roadmap covering Wealthtech, Insurtech, AI, and DLT. These moves standardize banking APIs via the Hong Kong Association of Banks to support third-party innovation.
PSCU and Co-op Solutions announced a merger to form a combined credit union-focused fintech payments entity with $1.4 billion in revenue and 8 billion annual transactions. PSCU CEO Chuck Fagan will lead the new unnamed CUSO. The deal was expected to close by December 31, 2023.
IFC committed a $75 million equity investment in Apis Growth Markets Fund III, with an additional $25 million co-investment capacity. The fund targets mid-cap fintechs in Africa and Asia focused on embedded finance, payments, and commerce enablement. Key target markets include India, Nigeria, and Indonesia.
Fintech Capital-owned Crastorehill acquired German open banking companies ndgit and Qwist (formerly finleap) to strengthen its data analytics and open banking capabilities. The acquisitions position the company ahead of the EU's upcoming PSD3 regulatory framework.
Mastercard announced 11 startups for its Start Path Emerging Fintech program on October 31, 2023. The cohort focuses on scaling innovations across payments, rewards, and city planning. The program provides startups with access to Mastercard's network, technology, and go-to-market support.
QI Tech, a Brazilian banking-as-a-service fintech and the first Direct Credit Company (SCD) approved by the Brazilian Central Bank, raised $200 million in a Series B round led by General Atlantic with participation from Across Capital. The round was the largest funding deal in Brazil across all industries in 2023. The capital will be used to decentralize credit away from major banks through acquisitions and growth.
CSI and Dragonfly Financial Technologies announced a partnership to expand white-label business banking and cash management capabilities. The integration leverages Dragonfly's Universal Online Banker platform via CSI's open banking platform. This enables over 20 ACH transaction types, positive pay, sweep accounts, and enhanced wire functionality for CSI's financial institution customers.
additiv enabled the launch of Coop's Finance+ superapp, embedding banking services, payment transactions, and pension solutions into the retailer's ecosystem. The API-first cloud platform orchestrates services from partner banks including Hypothekarbank Lenzburg. This represents a significant embedded finance deployment in European retail.
Truist Bank partnered with Trovata to offer automated cash forecasting and liquidity management via APIs for commercial banking clients. The partnership embeds Trovata's analytics into Truist's treasury management offering. It targets enterprise clients needing real-time cash visibility.
J.P. Morgan and Mastercard launched Pay-by-Bank, leveraging open banking infrastructure for ACH-based payments. The product enables merchants to accept bank-account-based payments directly, reducing card network reliance. This marks a significant embedded payments collaboration between the two financial giants.
Core banking provider Tuum and digital banking experience platform Plumery announced a strategic partnership to deliver a pre-integrated, modular core banking solution for banks and fintechs. The collaboration emphasizes agility through modular architecture. The partnership aims to accelerate digital banking deployments.
MainStreet Bank launched Avenu, its SaaS embedded banking solution, with SafariPay as its first fintech client. Avenu connects fintechs directly to the bank as a sponsor, enabling embedded financial services. The launch marks MainStreet Bank's formal entry into the BaaS space with proprietary technology.
Marqeta highlighted customers Extend and Financeit as showcases for its modern card issuing platform at scale. The partnerships demonstrate customized payment cards and embedded finance in retail, leveraging Marqeta's open APIs for flexible transaction authorization and settlement.
SBS launched a modular, real-time, cloud-native core banking platform delivered as SaaS. The system supports deposits, payments, lending, compliance, and regulatory reporting with AI integration. Its open architecture enables front-to-back banking capabilities for institutions seeking composable BaaS infrastructure.
Bank of Hawaii announced a partnership with Greenlight Financial Technology, a fintech focused on teaching financial literacy to young people through a parent-guided app. The partnership allows Bank of Hawaii to offer embedded financial education and youth banking features to its customer base. This reflects a growing trend of traditional banks partnering with fintechs to reach younger demographics.
Indian fintech unicorn Slice received Reserve Bank of India approval to merge with North East Small Finance Bank, creating a combined digital-first banking entity. The deal is one of the rarest instances of a fintech acquiring a banking license through merger in India. At least $125 million in new investor commitments followed the announcement.
Stitch, a South African fintech payments infrastructure provider, raised $25 million in Series A funding led by Ribbit Capital. The company evolved from a bank-to-bank payments platform into a full payment service provider with API gateways. Stitch projected processing over 50 million transactions worth $2 billion in total payment volume for the year.
The American Fintech Council announced a major membership expansion that includes multiple Banking-as-a-Service banks such as Evolve Bank & Trust, Portage Bank, and Customers Bank. The expansion signals broader industry consolidation around responsible fintech-bank partnerships. The AFC's growing membership reflects increased institutional engagement with BaaS governance and standards.
JPMorgan Chase partnered with payroll fintech Gusto to embed payroll services into Chase Payment Solutions for small and medium-sized businesses. Clients can now access banking, payments, and payroll through a single sign-in on chase.com. The integration allows businesses to run payroll, calculate taxes, and create paystubs without leaving the Chase platform.
Oracle's NetSuite launched NetSuite Capital, an embedded finance service that accelerates payments for businesses directly within the NetSuite ERP platform. The service is powered by fintech firm Raistone. It enables SMEs to access faster payment options without leaving their accounting workflow.