Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Termination of Enforcement Action issued against Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch · Federal Reserve · Aug 25, 2026
Partnership — Revolut Japan Partners with Minna no Ginko via BaaS Banking Agency Agreement · Aug 25, 2026
Product — Absa Develops Embedded Payment Tool for Township Small Businesses · Aug 22, 2026
M&A — I-Remit Approves P20 Million Capital Infusion Into Surepay Technologies · Aug 22, 2026
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.
Entities: Partior · Deutsche Bank · J.P. Morgan · Standard Chartered · Peak XV Partners · Jump Trading Group · Temasek · Valor Capital Group
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.
Entities: Capitolis · Citi · Morgan Stanley · State Street · UBS
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.
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.
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.
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.
Paymentology and Zand Bank announced a strategic referral partnership to provide BIN-sponsorship, virtual IBANs, and Client Money Accounts for fintechs in the UAE. Zand Bank supplies the regulatory infrastructure as the UAE's first fully licensed all-digital bank, while Paymentology contributes issuer processing capabilities. The partnership aims to lower entry barriers for fintechs and startups launching financial services in the region.
NovoPayment secured a $20M investment from Morgan Stanley Expansion Capital for its API-driven digital banking and payments SaaS platform. The company serves banks, neobanks, and merchants with scalable, compliant infrastructure. The funding will support product expansion and continued market growth in Latin America and beyond.
Entities: NovoPayment · Morgan Stanley Expansion Capital
Canadian challenger bank Neo Financial raised $360M to accelerate growth and position itself as a leading alternative to traditional banks. Notable investors include Shopify founder Tobi Lütke, Slack founder Stewart Butterfield, and Valar Ventures. The round signals strong demand for embedded banking alternatives in Canada.
Lean Technologies raised $67.5M in Series B funding led by General Catalyst to scale its fintech infrastructure platform across the Middle East. The round included Bain Capital Ventures, Duquesne Family Office, Arbor Ventures, and JIMCO. The company focuses on Pay-by-Bank and Open Banking APIs to enhance business payment efficiencies.
Entities: Lean Technologies · General Catalyst · Bain Capital Ventures · Duquesne Family Office · Arbor Ventures · JIMCO
Infinant partnered with Sutton Bank to enhance embedded finance and payment processing via its Interlace Platform. The partnership provides real-time program management, accounts, payments, cards, and automated settlements on a bank-controlled system without requiring core replacement.
Boxo partnered with Nium to offer a white-label remittance platform that mobile app developers can integrate via SDK. The solution enables seamless cross-border transfers within existing apps. The partnership was highlighted at the Singapore Fintech Festival 2024, targeting cost-effective embedded remittance for app ecosystems.
XMDS Holding launched XPP, an umbrella platform unifying its embedded payments brands including Vayapay, Ginger Payments, KUARIO, and Pecunda. The platform targets libraries, banking, education, transport, and public facilities across Europe with SaaS-based contactless EMV and digital ticketing solutions.
Mastercard announced the winners of its Lighthouse FINITIV Fall 2024 accelerator program targeting Nordic and Baltic fintechs. The three-month program fosters partnerships with banks like SEB and Swedbank and tech partners like AWS. The program focuses on payments and banking innovation without taking equity from participants.
Swedish bank SEB launched its embedded BaaS platform, powered by Thought Machine's Vault Core, going live with supermarket chain Hemköp as its first client. The platform supports debit cards and Apple Pay. The full launch was achieved in under 10 months from initial collaboration in December 2023.
Dave Inc. announced a letter of intent to enter a strategic partnership with a leading but unnamed sponsor bank. The partnership would enable the bank to originate Dave's products including ExtraCash advances and hold customer deposits. This signals Dave's effort to strengthen its banking infrastructure and regulatory footing.
Celero Commerce launched its BankMax program, a customized fintech partnership offering for community banks to grow deposits and fee income through embedded payment services. The program provides merchant tools including POS systems, analytics, and residual income from referrals. It represents a structured white-label approach to bank-fintech collaboration.
A class-action lawsuit was filed against Evolve Bank & Trust, Lineage Bank, AMG National Trust, and American Bank over mishandled customer deposits following Synapse's April 2024 bankruptcy. Customers of fintechs like Yotta and Juno report receiving pennies on the dollar, with up to $95 million in funds reportedly unaccounted for.
Entities: Synapse · Evolve Bank & Trust · Lineage Bank · AMG National Trust · American Bank · Yotta · Juno
LendAPI secured a $3.2M seed round led by Cohen Circle to build next-generation fintech infrastructure. The platform enables rapid product deployment via modular blocks for fintechs and banks. Other investors include Great North Ventures, AlleyCorp, Techstars, Plug and Play, and Interlock Capital.
Entities: LendAPI · Cohen Circle · Great North Ventures · AlleyCorp · Techstars · Plug and Play · Interlock Capital
Embedded banking platform Powens released its Fall 2024 product update introducing Virtual IBANs and new Open Finance features. The release targets financial institutions and fintechs in Europe and LATAM, automating banking and payments workflows. The update expands Powens' embedded banking capabilities across multiple markets.
nCino, a banking software provider, announced its acquisition of FullCircl, a UK-based SaaS platform specializing in client lifecycle management, onboarding, and compliance for financial institutions. The deal builds on a 2023 partnership focused on commercial banks in the UK and Europe. This strengthens nCino's embedded compliance and onboarding capabilities for bank-fintech ecosystems.