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
Prometeo, a fintech infrastructure provider offering a unified API for multi-banking data aggregation and payments across 283 financial institutions in 10 Latin American countries, raised $13 million in Series A funding. The round was led by Antler Elevate with participation from PayPal Ventures, Samsung Next, DN Capital, and others. The capital will fund regional expansion of its open banking offerings.
Entities: Prometeo · Antler Elevate · PayPal Ventures · Samsung Next · DN Capital · Cometa · Magma Partners
The Boost-RHB Digital Bank Consortium received regulatory approval from Bank Negara Malaysia and the Ministry of Finance to commence operations as a digital bank effective January 15, 2024. The consortium, now branded as Boost Bank by Axiata and RHB, became the first primarily Malaysian-owned digital bank. The approval came ahead of schedule after a review confirmed the consortium's operational readiness and focus on financial inclusion for underserved markets.
Entities: Boost · Axiata · RHB Bank · Bank Negara Malaysia
BridgeFT reported over 100% growth in total AUM powered by its WealthTech API in 2023, its first full year since launch. The cloud-native, API-first platform provides a single open interface for multi-custodial data, analytics, and services. The company also launched a WealthTech API Marketplace with pre-integrated partners like Yayati and Intrinio.
Redwood Capital Bank partnered with Apiture to modernize its online and mobile banking solutions using the Apiture Digital Banking Platform. The community bank aims to deliver a more advanced digital experience to its customers. The partnership includes integrations with fintech partners through Apiture's platform.
Fiserv applied for a merchant acquirer limited purpose bank (MALPB) charter in Georgia, USA. If approved, the charter would allow Fiserv to process card transactions directly without relying on a partner bank. Approval was expected in the first half of 2024, representing a significant shift in the payments value chain.
DailyPay raised $75M in equity and $100M in credit facilities in January 2024 to expand its embedded payroll and earned wage access platform. The company enables employers to offer on-demand pay as a benefit, embedding financial services into the employment relationship. The raise supports DailyPay's growth in the B2B2C embedded finance segment.
Tameed raised $15M (SAR 56.75M) in a Series A round in January 2024 for its Shariah-compliant SME financing platform in Saudi Arabia. The company provides embedded lending solutions tailored to the MENA market's regulatory and cultural requirements. The round reflects growing demand for embedded Islamic finance infrastructure.
Zeal, an Egyptian fintech, raised $4M in January 2024 to expand its embedded payment solutions for retailers. The company enables merchants to accept digital payments, addressing the underbanked MENA market. The round supports Zeal's efforts to embed financial services into retail commerce.
GXS Bank, Singapore's digital bank backed by Grab Holdings, raised $109M in January 2024. The digital bank was established as part of Singapore's digital banking license initiative, enabling Grab to embed financial services into its super-app ecosystem. The raise supports GXS Bank's growth in embedded finance for Southeast Asian consumers.
B1Bank, a Louisiana-based community bank, selected KlariVis as its data analytics partner. The bank will use KlariVis's enterprise dashboard and analytics platform to improve data-driven decision making. The deal highlights community banks' growing investment in fintech-powered analytics.
Visa enhanced its Fintech Fast Track program for North American fintechs, adding Visa Direct for real-time money movement and expanded consulting support. The update makes it easier for fintechs to embed Visa payment capabilities into their platforms. This strengthens Visa's position as an embedded payments enabler for the fintech ecosystem.
First Bank implemented Backbase's Engagement Banking Platform, going live on December 14, 2023. The platform unifies core banking, fraud, payments, and fintech integrations. It enables seamless digital experiences across retail, business, and wealth management services.
Fortis reported transformational growth in embedded payments for 2023, citing partnerships with Sage and Acumatica for ERP-integrated card transactions and data enrichment. The company's strategy focuses on embedding payments directly into business software platforms. These partnerships expand embedded payment capabilities within enterprise resource planning ecosystems.
Necto launched publicly with a seed funding round, offering a multi-bank premium API aggregator for corporate banking and treasury. The platform standardizes diverse bank APIs into a unified format, enabling fintech platforms to connect to multiple banks through a single integration.
Spade, a fintech infrastructure company providing real-time transaction enrichment and credit card fraud prevention, raised a $10M Series A led by Flourish Ventures. The platform uses real-time merchant data to combat card fraud and improve transaction visibility for financial institutions.
First Carolina Bank launched a new fintech partnership line of business in December 2023, expanding its deposit portfolio and customer base. The community bank leveraged fintech relationships to grow deposits. This signals growing interest from smaller banks in BaaS-style partnerships.
FintechOS released its version 24 platform update designed to help banks and insurers manage financial products, enable ecosystem partnerships, and pursue embedded finance models. The update features open APIs and integrations that facilitate BaaS and embedded offerings. It positions FintechOS as an enablement layer for traditional financial institutions seeking fintech partnerships.
Canapi Ventures announced a $750M Fund II dedicated to investing in financial services infrastructure, including API platforms and fintech-bank partnerships. The fund is one of the largest focused specifically on financial services technology infrastructure.
Quontic Bank selected and launched Alkami's digital banking platform to enhance account opening, analytics, and partner ecosystem integration. The move strengthens Quontic's digital-first banking capabilities. Alkami provides the technology infrastructure for Quontic's customer-facing digital experience.
Citi Ventures invested in Defacto, a European embedded lending fintech, as the continent's embedded finance market approaches $24.2B. The investment signals major bank interest in embedded B2B lending infrastructure. Defacto provides embedded financing solutions for businesses through platform integrations.
Mastercard and Neem announced a multi-year embedded finance partnership, the first of its kind in Pakistan. The collaboration integrates Mastercard's technology for card issuance, remittances, and loyalty programs into Neem's platform. It targets underserved communities by enabling non-financial businesses to embed payments, lending, and insurance via APIs.
Unipaas broadened its embedded payment solution by adding Direct Debit integration. The expansion simplifies payment collection for businesses across multiple industries. This extends Unipaas's capabilities beyond card-based embedded payments.
Fiat Republic, a Banking-as-a-Service platform bridging crypto and traditional banking, raised €6.4M in a seed extension. The funds will be used to expand payments capabilities, partnerships, and geographic reach. The platform enables crypto companies to access fiat banking rails.
SDK.finance partnered with Marqeta to integrate card issuing capabilities into its core banking platform. The partnership allows SDK.finance clients to leverage Marqeta's modern card issuing infrastructure, streamlining the process of launching card programs for fintechs and financial institutions.