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.
Paynetics, phyre, and Bulgarian telecom VIVACOM launched one of Europe's first Digital First Mastercard payment cards in Central and Eastern Europe. VIVACOM became the first telecom in the region to issue such a card. The partnership exemplifies embedded finance by integrating payment services into a telecom platform.
Enova International announced the acquisition of OnDeck, a fintech small business lender, in a $90 million cash-and-stock deal. The acquisition includes OnDeck's ODX bank platform, which enables banks to offer digital small business lending. This combination creates a leading fintech company serving both consumers and small businesses in markets underserved by traditional banks.
Revolut raised an $80 million extension to its prior $500 million funding round at a $5.5 billion valuation, led by TSG Consumer Partners. The digital banking platform serves over 12 million customers with money transfers, budgeting tools, and expanding financial services, bringing total funding to over $900 million.
Finzly launched a fully automated consumer digital account opening process via its cloud-based BankOS platform. The solution enables financial institutions to offer seamless digital banking onboarding. It also allows rapid integration of third-party fintech solutions, advancing BaaS capabilities for banks.
Plum raised $10 million led by Global Brain and the European Bank for Reconstruction and Development, with UK Future Fund matching. The smart money management app focuses on financial resilience and European expansion, bringing total funding to $19.3 million.
Mastercard and WeLab Bank announced a partnership to launch a numberless debit card in Hong Kong on July 20, 2020. The card delivers a fully digital banking experience by removing printed card numbers for enhanced security. WeLab Bank is one of Hong Kong's new virtual banks, and the partnership with Mastercard extends embedded card services into the digital-first banking segment.
Bond Financial Technologies, a BaaS platform enabling sponsor banks to onboard and scale brand partners, raised $32 million in Series A funding. The round was led by Coatue with participation from Goldman Sachs and Mastercard. The investment positions Bond to help banks navigate credit losses and low interest rates through fintech partnerships.
Educational Systems Federal Credit Union went live on Finastra's Fusion Digital Banking platform on July 15, 2020. The deployment provides open banking integration and core-agnostic digital banking services during a core system migration, showcasing Finastra's embedded open banking capabilities.
Opera announced its intention to acquire AB Fjord Bank on July 9, 2020, subject to regulatory approval, to launch fintech services in Europe. Fjord Bank is a specialized bank preparing to offer deposit and loan products in Lithuania. The acquisition positions Opera, known for its web browser, to enter embedded financial services through a licensed banking entity.
Deutsche Bank entered a multi-year strategic partnership with Google Cloud to modernize its technology infrastructure. The agreement covers cloud migration, co-innovation on new products, and digital transformation of banking systems. The deal followed five months of negotiations and represents a major step in Deutsche Bank's digitization strategy.
German Banking-as-a-Service provider SolarisBank closed an oversubscribed €60 million Series C round led by HV Holtzbrinck Ventures. New investors include Vulcan Capital, Samsung Catalyst Fund, and Storm Ventures, alongside existing backers BBVA, ABN Amro, and others. The funds will accelerate European expansion, platform development, and regulatory capital strengthening.
UMB Bank's Institutional Banking division announced continued growth of its Banking-as-a-Service (BaaS) offering, enabling fintechs to offer branded banking products through UMB's regulated infrastructure. The expansion highlights UMB's role as a sponsor bank for fintech companies seeking to embed financial services. This positions UMB as a growing player in the BaaS market.
MANTL closed a $40 million Series B funding round to expand its white-labeled digital account-opening platform for legacy banks and credit unions. The platform automates application decisioning for over 90% of cases through web and mobile portals. This funding enables MANTL to help more community banks compete with digital-first challengers by embedding modern onboarding technology.
Cloud banking platform Mambu integrated with Currencycloud to offer transparent and scalable international payments capabilities to its clients. The partnership enables collections, virtual accounts, payments, FX, and card spend capabilities via APIs, effectively creating a banking-in-a-box offering.
Qolo launched its B2B payments hub offering card processing, cross-border FX, neobanking with prepaid and debit cards, and flexible account structures. The platform targets gig economy payouts and marketplace disbursements. Qolo's embedded banking and payments infrastructure positions it as a BaaS provider enabling fintechs and enterprises to offer financial services without building from scratch.
Mastercard announced plans to acquire Finicity, a leading North American open banking provider, to strengthen its open banking platform. The acquisition supports financial institutions and fintechs by enabling secure data sharing. This deal significantly expands Mastercard's embedded finance and open banking capabilities.
Cross River Bank announced a BaaS sponsor bank partnership with F1 Payments and RS2 to provide payment processing services for merchants in North America. The partnership leverages RS2's global processing platform and Cross River's BaaS sponsorship. This enables F1 Payments to expand into traditional merchant acquiring for both physical and virtual businesses.
Goldman Sachs partnered with Amazon to offer lines of credit up to $1 million to Amazon merchants through an automated lending platform. The deal represents a significant embedded finance arrangement where Goldman provides banking services directly within Amazon's marketplace ecosystem. This marks a major step in bank-powered embedded lending for e-commerce.
Neptune Networks, a bond market data platform, closed a $15 million funding round backed by 13 major banks including Goldman Sachs, J.P. Morgan, and Citi. The platform provides real-time axe and inventory data via API connectivity. The investment signals banks' commitment to embedded financial data infrastructure.
Saxo Bank announced white-label partnerships with five Danish banks—Sparekassen Vendsyssel, Sparekassen Thy, Middelfart Sparekasse, Frøs Sparekasse, and Jutlander Bank—via integration with SDC, serving 500,000 clients collectively. The banks gain access to Saxo's trading and investment platforms under their own branding. This deal highlights the white-label BaaS model enabling smaller banks to compete digitally without heavy IT investment.
Varo Money raised $241 million in a Series D funding round on June 3, 2020, as it moved closer to becoming the first fully digital national bank in the US. The company had received preliminary approval from the OCC for a national bank charter. Full approval from the OCC, FDIC, and Federal Reserve was anticipated by summer 2020. The charter would enable Varo to offer credit cards, loans, and other banking products directly.
Rapyd launched an all-in-one integrated payment solution in the United Kingdom, enabling businesses to access local payment methods including cash, bank transfers, e-wallets, and cards via a single API. The fintech-as-a-service platform supports embedded payments for businesses looking to integrate diverse payment rails. This positions Rapyd as an infrastructure provider for embedded finance use cases across the UK market.
Bank ABC Group entered a founding partnership agreement with Bahrain Fintech Bay (BFB) to accelerate Bahrain's fintech ecosystem. Bank ABC's subsidiaries ila Bank and AFS joined BFB's advisory board. The partnership positions Bank ABC as a key player in enabling fintech innovation in the MENA region.
Arvest Bank selected Finzly's EXIM STAR trade finance platform to automate operations and launch an online portal for treasury customers. The partnership focuses on process automation for letters of credit, standby guarantees, and collections. This reflects banks' increasing reliance on fintech partners to modernize back-office and treasury functions.