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
Funding — Startup Embedd Raises Pre-Seed Investment Round · Aug 25, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
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.
Alpha Modus Financial Services entered into an agreement with Synctera to provide banking-as-a-service infrastructure for its Alpha Cash platform. The deal supports sponsor banking relationships and compliance frameworks. The partnership was disclosed in Alpha Modus Holdings' 10-K annual report for the fiscal year ended December 31, 2023.
FinWise Bank partnered with fintech Stride Funding to launch an Employer Sponsored Loan (ESL) program for students. The program enables employers to sponsor loan products originated by FinWise Bank through Stride's platform. This expands FinWise's BaaS lending partnerships into the education finance space.
Synctera launched its embedded banking platform in Canada, enabling fintechs to offer banking products through Canadian bank partners. This expansion brings Synctera's BaaS model north of the US border, opening a new market for embedded finance in Canada.
Griffin, the UK-based API-first bank and full-stack BaaS platform, announced key senior hires to advance its embedded finance capabilities. The appointments signal Griffin's push to scale its Banking-as-a-Service offering in the UK market. This strengthens Griffin's position as a purpose-built BaaS bank competing for fintech partnerships.
Taulia partnered with Mastercard to launch a virtual card B2B payments solution integrated with SAP ERP and other platforms. The solution leverages bank partners including Degussa and HSBC to issue virtual cards for streamlined working capital management. This deepens embedded payments within enterprise procurement and supply chain workflows.
Mastercard partnered with Areeba to enable modern payment platforms for fintechs in the Middle East through a Card-as-a-Service offering. The collaboration allows fintechs to issue cards and build payment solutions on Areeba's platform with Mastercard's network. This expands embedded finance infrastructure in the MENA region.
Customers Bank tapped Funding Circle to power a Lending-as-a-Service platform, announced November 14, 2023. The partnership enables Customers Bank to leverage Funding Circle's technology for embedded lending. This represents a bank-fintech collaboration to offer scalable lending infrastructure.
WorldFirst announced plans to expand its e-commerce digital finance solutions for SMEs across Southeast Asian markets during 2023-2024. The offering includes cross-border payments and financial services built on partnerships with banks and global marketplaces. The move targets the underserved SME segment in a high-growth region.
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.
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.
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.
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.
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.
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.
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.