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.
Nordax Bank and NOBA Bank Group completed their merger in November 2022, later rebranding as NOBA Bank Group in 2023. The combined entity focuses on consumer finance and digital banking experiences across the Nordics. The deal was backed by Nordic Capital.
Swedish banking giant SEB established a new business unit called SEB Embedded to focus on embedded finance services. The move signals a major traditional bank's strategic commitment to Banking-as-a-Service. SEB Embedded aims to provide financial infrastructure to platforms and fintechs.
Accounting platform Moneybird integrated Adyen's card issuing and business accounts capabilities to offer embedded financial services to SMBs. Adyen's embedded finance suite enables platforms to integrate issuing, capital, and accounts products. The partnership exemplifies how vertical SaaS platforms are adopting embedded finance.
Hawk:AI partnered with Estonian middleware firm 42flows.tech to enable no-code integration of AI-powered AML and fraud surveillance technology with core banking systems. The collaboration leverages 42flows.tech's pre-built connectors and workflow automation to accelerate deployment for financial institutions. This partnership supports a banking-as-a-platform approach, reducing custom coding requirements for AML solution rollouts.
New York Community Bank received OCC approval in late October 2022 to merge with Flagstar Bank and convert to a national bank charter. The deal still required Federal Reserve approval. The combined entity would create a larger banking platform with expanded capabilities relevant to the BaaS and fintech partnership ecosystem.
Finxact announced it will power Zenus Bank's global digital banking platform, providing scalable real-time core banking with open APIs. The platform supports retail, corporate, and partnership operations on Microsoft Azure. This enables Zenus to offer borderless banking services at scale.
Synapse Financial Technologies announced a partnership with American Bank of Le Mars, Iowa, as a new sponsor bank. American Bank will provide FDIC deposit insurance, payment processing, and card issuance through Synapse's modular banking infrastructure. The partnership supports Synapse's platform serving over 15 million end users across fintech companies.
SDK.finance won the Whitelabel FinTech of the Year award at the Go Global Awards held October 19-21, 2022. The company was recognized for its API-driven white-label platform for payment products. The platform is available as cloud software or source code license, serving banks and fintechs building embedded finance products.
WisdomTree announced Stride Bank and Galileo as partners for its payments infrastructure. Stride Bank serves as the sponsor bank while Galileo provides payment processing technology. The partnership supports WisdomTree's expansion into digital financial services beyond its traditional asset management business.
Ionia and Certegy partnered to launch a white-label BNPL solution across the largest U.S. merchant network. The partnership combines Ionia's geo-behavioral marketing with Certegy's risk management capabilities. The BNPL product is designed for consumer-facing apps integrated at the point of sale.
Nigerian BaaS platform Maplerad raised $6 million in seed funding at a $30 million valuation, led by Peter Thiel's Valar Ventures. The U.S.-based company, founded by Miracle Anyanwu and Obinna Chukwujioke, emerged from stealth positioning itself as a global BaaS player targeting Africa. It competes with other Nigerian fintech startups including Anchor, Bloc, OnePipe, and Flutterwave.
Passiv closed a $2.2 million seed round to develop SnapTrade, a unified API infrastructure enabling fintech apps to aggregate and trade across retail brokerage accounts. Investors include Mistral Venture Partners, Uncorrelated Ventures, and others. SnapTrade differentiates from bank-focused aggregators by supporting investments and live trading across 20+ apps.
Indonesia-based open finance and BaaS API platform Ayoconnect raised $13 million in a Series B extension led by SIG Venture Capital. CE Innovation Capital participated, and existing investor PayU (Prosus) increased its stake. The round brought Ayoconnect's total 2022 fundraising to $28 million, with plans to expand its leadership team and develop new APIs for payments, banking, account opening, and card issuing.
BNP Paribas signed an agreement to acquire Kantox, a fintech specializing in automated currency risk management. The deal builds on a 2019 partnership between the two firms. The acquisition aims to accelerate Kantox's growth and integrate its technology into BNP Paribas's offerings for corporate and SME clients.
HSBC launched a Digital Receivables Finance capability co-created with fintech Trade Ledger, reducing approval times from one to two months to under 48 hours. The API-connected platform launched across eight countries including the UK, US, Hong Kong, and India. Expansion to three additional countries was planned by year-end.
Bank of America and UK fintech Banked Ltd expanded their Pay by Bank solution to support real-time euro currency payments for e-commerce. The partnership builds on the UK launch in February 2022, enabling consumers to pay directly from their bank accounts. This broadens embedded payment options for merchants across European markets.
AptPay partnered with NRT Technologies to enable real-time bank account funding at casinos, creating what they described as the world's first real-time money-in service for the gaming industry. The partnership addresses cash access restrictions in casinos by enabling instant money movement directly from bank accounts. This represents an embedded finance use case bringing banking services into the gaming vertical.
BankiFi partnered with Axiom Bank to improve banking services for small and medium-sized businesses. The collaboration enables SMBs to better track and manage their finances through enhanced embedded banking tools. This represents Axiom Bank's push into embedded finance for the SMB segment.
NatWest Group and BaaS provider Vodeno announced a strategic partnership to deliver embedded finance solutions. The collaboration aims to enable NatWest to offer banking-as-a-service capabilities to its business clients. This marks a significant move by a major UK bank into the BaaS space through a dedicated technology partner.
Adyen launched two embedded financial products—Capital and Accounts—available to platform and marketplace businesses in the US and Europe through a single integration. Capital provides cash advances based on payment history, while Accounts lets users manage finances within the platform. The launch complements Adyen's existing Issuing product for platform-branded payment cards.
Propel Holdings partnered with Pathward (formerly MetaBank) on a five-year agreement for white-labeled lending-as-a-service. The deal integrates Propel's AI-powered credit solutions, loan management, and customer acquisition into Pathward's banking-as-a-service platform. The partnership targets financial inclusion through enhanced lending capabilities.
i2c Inc. announced partnerships with fintechs Connect Financial, Miq, Plastk, and Viva Equity to provide white-label banking and payment technology. The platform offers APIs, fraud management, rewards, and card issuance for debit, prepaid, and lending products. These collaborations enable crypto-backed wallets, cooperative funds, and embedded finance services for underserved markets.
Treasury Prime announced a Banking-as-a-Service partnership with Bangor Savings Bank on September 29, 2022. The deal enables Bangor Savings to expand its banking services through Treasury Prime's fintech infrastructure. This partnership reflects the growing trend of community and regional banks leveraging BaaS platforms to reach new customer segments.
HSBC launched an embedded Banking-as-a-Service platform integrated into Oracle NetSuite's ERP system. The solution enables businesses to process invoices, make payments, automate reconciliations, and manage cash flows without leaving NetSuite. HSBC described it as the largest fully embedded BaaS deployment in a major cloud ERP. It launched initially in the US as part of NetSuite's SuiteBanking.