Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Licence Revocation issued against Paytm Payments Bank · RBI · Apr 26, 2026
Partnership — Qolo Expands KeyBank Partnership to Launch Virtual Commercial Card Program · Apr 28, 2026
Product — Aven Launches Bitcoin-Backed Visa Credit Card with BitGo and Coastal Community Bank · Apr 28, 2026
M&A — Capacity Acquires DevRefactory to Expand Embedded Middleware and AI Capabilities · Apr 28, 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.
Zolve launched a mobile banking app targeting US immigrants, offering insured bank accounts, credit and debit cards, and credit-building tools without requiring a Social Security Number. The platform leverages embedded banking to serve an underserved cross-border financial segment.
Nium and Weavr partnered to enable Weavr's customers to embed Nium's Banking-as-a-Service APIs for payouts, pay-ins, and card issuance into non-financial applications. The partnership expands embedded finance capabilities for businesses outside the traditional financial sector. It demonstrates growing demand for plug-and-play BaaS solutions across verticals.
Deutsche Bank acquired Better Payment Germany, a Berlin-based payment service provider, to strengthen its payment processing capabilities. The deal allows Deutsche Bank to offer enhanced embedded payment solutions to merchants and platforms, expanding its fintech-adjacent payment infrastructure.
Synctera launched Synctera Card and Synctera Fraud, enabling fintechs and their sponsor banks to issue debit cards and process transactions. The company signed strategic partners including Plaid, Feedzai, and Finix and expanded its sponsor bank network to include CFSB as its fourth partner bank. The launch builds on its Cards API partnership with Marqeta and Mastercard announced in August 2021.
Silicon Valley Bank and Plaid announced a partnership to provide tokenized payment solutions, making SVB the first bank to offer ACH account token integration with Plaid. The collaboration gives fintech innovators access to an integrated payment processing solution. It combines SVB's banking infrastructure with Plaid's account connectivity capabilities.
dopay, a B2B2C payments and virtual banking platform serving unbanked workers in emerging markets, raised $18 million in Series A funding. The round was led by Force Over Mass Capital, FMO, and NN Group, with participation from Mbuyu Capital and Alder Tree Investments. Funds will be used to scale operations in Egypt and expand services beyond cashless payroll and prepaid cards.
Goldman Sachs announced the acquisition of GreenSky, a fintech platform facilitating consumer home improvement loans, for approximately $2.24 billion. The deal strengthens Goldman's embedded lending capabilities via its Marcus consumer banking division. This represents a major bank acquiring a fintech lending platform to deepen its embedded finance offerings.
FintechOS expanded into the US market with its low-code platform targeting banks, credit unions, and fintechs. The company aimed to help underserved financial institutions digitize and launch digital products rapidly. FintechOS planned to support over 15 US institutions with its embedded finance and digital banking tools.
TD Bank joined the Akoya Data Access Network to provide API-based customer data access to fintechs, with connectivity going live in October 2021. The move supports open finance by replacing screen scraping with secure, permissioned data sharing. TD Bank became one of the major banks participating in Akoya's network.
PagoNxt, Santander's payments fintech subsidiary, acquired a 70% stake in MIT, a technology partner, to accelerate the expansion of its Getnet merchant payments platform in Mexico and Latin America. The deal strengthens Santander's embedded merchant acquiring capabilities through a bank-owned fintech structure.
Varo Bank, the first consumer fintech to receive a national bank charter in the US, raised $510 million in Series E funding at a $2.5 billion valuation. The round was led by Lone Pine Capital with participation from Warburg Pincus, The Rise Fund, Gallatin Point Capital, and others. Funds will support product and technology development as Varo scales its digital banking platform.
Mercury Financial extended its sponsor bank partnership with First Bank & Trust (FB&T) through 2025, supporting the expansion of its digital financial services for near-prime customers. FB&T serves as the bank issuer and payment model behind Mercury's fintech platforms. The renewal signals long-term commitment to the embedded finance relationship.
MVB Bank's Victor platform partnered with NYDIG to launch the industry's first white-label Bitcoin and banking platform for fintechs. The turnkey solution enables seamless integration of Bitcoin products alongside traditional banking services via developer-friendly APIs. It targets MVB's 50+ fintech, payments, and gaming clients.
Mastercard acquired Aiia, a European open banking technology provider that connects to over 2,700 banks via API. The deal expands Mastercard's embedded finance infrastructure by enabling fintechs and third parties to access bank account data and initiate payments through open banking APIs.
Alpaca raised $50 million in Series B funding for its API-driven stock brokerage platform enabling commission-free trading, fractional shares, and new crypto capabilities. The platform integrates with Plaid and allows fintechs to embed trading features. The round supports multi-asset expansion and embedded finance growth.
Synctera signed Community Federal Savings Bank (CFSB) onto its bank-fintech marketplace platform. The partnership enables CFSB to connect with fintechs through Synctera's BaaS infrastructure, supporting scalable banking partnerships.
TrueLayer, an open banking payments platform, raised $130 million in Series E funding from Tiger Global Management and Stripe, surpassing a $1 billion valuation. The company launched PayDirect, Verification API, and Payouts solutions in 2021. TrueLayer positions itself as an API-based alternative to traditional card payment networks.
BM Technologies (formerly BankMobile) announced an expansion of its banking-as-a-service offerings to serve banks and credit unions directly. The company was building a pipeline of prospective white label customers including retailers, grocers, fintechs, and banks. This represented a strategic pivot to become a BaaS provider for financial institutions themselves.
FinConecta announced its Open Finance platform via an AWS Partner Network blog post, providing banking-as-a-platform middleware that enables financial institutions to integrate third-party fintech applications with core banking systems. The platform uses microservices architecture, OAuth2 security, and normalized APIs to facilitate open banking. It matters because it lowers the barrier for banks to adopt embedded finance capabilities through a cloud-native, API-driven approach on AWS infrastructure.
New York-based corporate card and spend management fintech Ramp raised $300M in Series C funding, reaching a $3.9B valuation. Ramp offers embedded corporate card and expense management solutions for businesses. The company also acquired the Buyer platform as part of its growth strategy.
Payments infrastructure provider Qolo raised $15 million in Series A funding. The company offers back-end APIs for card issuing, real-time payments, and account funding integrated at the network level. Qolo serves other fintechs seeking to embed payment capabilities without building core infrastructure.
B2B checkout platform Balance raised $25 million in Series A funding. The company provides embedded payment and checkout infrastructure for B2B marketplaces and e-commerce platforms. The round supports Balance's mission to modernize B2B payments with embedded finance capabilities.
Nerve, a neobank built for musicians, launched with Piermont Bank providing FDIC-insured white-label business debit and savings accounts. The platform integrates streaming data and musician networking features, representing a niche embedded finance use case powered by a BaaS bank partnership.
Sacramento-based neobank One raised $40M in Series B funding, bringing total raised to $66M. One offers an all-in-one banking platform with debit cards and financial services targeting middle-class consumers. The platform relies on bank partnerships to deliver its embedded banking experience.