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.
TIMVERO and Plumery announced a strategic partnership to integrate TIMVERO's lending origination, analytics, and servicing software (timveroOS) with Plumery's digital banking self-service platform. The Amsterdam-based collaboration aims to help banks rapidly deploy enhanced mobile and web banking experiences with embedded lending capabilities.
Regulatory consent orders against BaaS-active banks Blue Ridge Bank and Cross River Bank highlighted intensifying compliance scrutiny on bank-fintech partnerships. The actions signaled regulators' growing concern about risk management in the BaaS model. This marked a pivotal moment for the embedded finance industry's compliance practices.
Nigerian fintech Moniepoint received regulatory approval to acquire Kopo Kopo, a Kenyan payments and credit provider. The deal marks Moniepoint's expansion from Nigeria into East Africa. Kopo Kopo provides merchant payment processing and working capital loans to SMEs in Kenya.
ChargeAfter expanded its embedded lending network by partnering with Wells Fargo Retail Services to integrate private label credit card programs into merchants' point-of-sale systems. The partnership enables fast consumer approvals in sectors like home goods and jewelry. This deepens embedded financing options at the checkout experience for retail merchants.
R&T Deposit Solutions announced it joined the Bankers Helping Bankers BaaS Association to promote BaaS adoption among community banks. Community banks represent 77% of BaaS participants, and the membership aims to foster education, collaboration, and FinTech partnerships. The move underscores the growing role of deposit solutions providers in the BaaS ecosystem.
Marqeta unveiled Marqeta Docs AI, a generative AI-powered tool designed to help developers and partners navigate its embedded finance platform more efficiently. The tool covers card issuance, processing, digital banking, BNPL, and expense management use cases. Marqeta claims the AI tool can optimize task efficiency by up to 75 percent.
Synctera raised $15 million in funding to expand its BaaS platform into Canada with embedded financial products. The raise signals the company's international expansion beyond the U.S. market. The funding supports Synctera's strategy to serve fintechs looking to offer banking products in the Canadian market.
Omnio, a BaaS-related fintech company, raised $9.8 million in funding. The round was reported alongside other significant BaaS funding activity in August 2023. The investment reflects ongoing investor interest in the banking-as-a-service sector.
Emtech raised $4 million in seed funding led by Matrix Partners India to advance its central banking infrastructure platform. The company offers API-accessible CBDC simulators enabling fintechs to test transactions and business models with central banks. Emtech has partnerships with six central banks including those in Ghana, Nigeria, and the Bahamas, with 200 fintechs on a waitlist.
Velo Payments agreed to acquire YapStone, a payment processor for the rental and property management industry. The deal combines Velo's banking platform with YapStone's payment processing to reduce cross-border payment costs. The acquisition targets embedded payment infrastructure for vertical markets.
Better Home & Finance Holding Company acquired 100% of Birmingham Bank for $19.3 million ($15.9 million cash plus $3.4 million in other consideration). The acquisition supports Better's strategy to invest in technology platforms like Tinman and its One-Day Mortgage program. This represents a fintech acquiring a bank to strengthen its embedded finance capabilities.
Priority Technology Holdings acquired Plastiq, a B2B payments firm, to expand its unified commerce platform for bill pay and working capital solutions. The deal enhances Priority's embedded B2B payment capabilities for SMEs and enterprises. Plastiq's bill pay technology complements Priority's existing merchant acquiring and payment facilitation business.
HSBC and Copenhagen-based B2B fintech Tradeshift announced a joint venture to develop embedded finance solutions for trade, e-commerce, and marketplace platforms. HSBC invested $35 million in Tradeshift as part of a funding round targeting at least $70 million. The venture aims to integrate payment and fintech services into Tradeshift's global commerce network, which supports over $260 billion in annual gross merchandise value.
Savi Financial Corp. received FDIC approval in 2023 for a Washington state-chartered de novo bank called Orca Bank. The company still required Federal Reserve approval and targeted a Q1 2024 opening. The approval is notable given the extremely challenging environment for new bank charters, especially for fintech-adjacent applicants.
Treasury Prime partnered with Liberty Bank, N.A. to provide embedded banking services including deposit accounts, ACH, and wire transfers to fintech end-users. The partnership targets B2C and B2B payments as well as e-commerce use cases. This expands Treasury Prime's bank partner network for its BaaS platform.
Ramp, the corporate card and spend management fintech, announced $300 million in new funding at a $5.8 billion post-money valuation. The raise underscores strong demand for embedded financial products in the B2B segment. Ramp's platform integrates corporate cards, expense management, and payments into a unified offering.
Treasury Prime partnered with Academy Bank to launch a Banking-as-a-Service product offering embedded deposits and digital banking solutions. The collaboration enables fintech clients to access scalable banking infrastructure including money transfers and risk mitigation. Academy Bank provides the regulated banking infrastructure while Treasury Prime contributes its embedded banking software platform.
SME lending fintech TP24 raised £345 million in debt funding from Barclays Bank and M&G Investments. Barclays committed up to £200 million in warehouse financing while M&G provided up to £40 million in mezzanine funding. The capital will fund SME lending operations in the UK, Netherlands, and Australia.
Traditional community banks, including First Bank, are increasingly partnering with fintechs through white-label BaaS programs, with some banks maintaining up to a dozen fintech relationships. A Cornerstone Advisors report found 66% of US banks had partnered with at least one fintech. Revenue sharing and technology upgrades are driving adoption despite heightened regulatory scrutiny.
Old Glory Bank launched Old Glory Pay, a proprietary closed-loop payment system enabling secure P2P transfers between customers. The system supports FDIC-insured accounts and plans to expand to merchant acceptance and crowdfunding. The bank positions the product as a 'cancel-proof' payment alternative.
French fintech Defacto secured a €167 million credit facility to provide instant short-term loans to SMEs through API-based embedded financing. The startup integrates with fintech platforms like Qonto and Malt to deliver financing at the point of need. The facility enables Defacto to scale its embedded lending product across multiple distribution partners.
Fintech Clair raised $175 million to launch a free on-demand wage advance product powered by FDIC-insured bank partner Pathward. The solution provides front-line workers with wage advances up to $150 million in participation capacity. The product is built on embedded banking infrastructure, enabling employers to offer earned wage access at no cost to workers.
Divido launched Divido Connect, an expanded platform for embedded retail finance that integrates multiple lenders across the UK and six European countries. The product supports omnichannel checkout finance options including pay-in-three and installment plans. The platform creates a multi-lender network enabling retailers to offer diverse embedded financing at point of sale.
Visa announced the acquisition of Brazilian fintech Pismo for approximately $1 billion. Pismo provides issuer processing and core banking technology, including support for emerging payment rails like Brazil's Pix. The deal significantly bolsters Visa's capabilities in embedded finance infrastructure and core banking-as-a-service.