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.
Fintech Upgrade announced its 100th credit union partnership, enabling credit unions to purchase loans and card receivables originated through Upgrade's platform. Credit unions can enroll new members through the platform under their own brand. The milestone highlights growing adoption of fintech-credit union embedded finance models.
Kevin, a Lithuania-based payments infrastructure startup, secured a $65 million Series A led by Accel. The company simplifies account-to-account payment integration directly with banks. The large Series A reflects strong investor interest in embedded payment infrastructure in Europe.
TD Bank announced a collaboration with fintech FISPAN to embed its commercial banking products directly into ERP and accounting software. The integration covers payments, reporting, and reconciliation for business clients. A pilot rollout began with a full launch planned for summer 2022.
Bond Financial Technologies partnered with Evolve Bank & Trust to expand its Banking-as-a-Service offerings, adding debit and credit card capabilities. Bond had raised $42 million in total funding from investors including Mastercard and Goldman Sachs. The partnership strengthens Bond's embedded finance toolkit for fintech clients.
The OCC issued a consent order targeting BSA/AML compliance deficiencies at Anchorage Digital Bank, the first federally chartered digital asset bank. The action came just 15 months after the OCC granted Anchorage a conditional national trust bank charter in January 2021. The order highlights the regulatory scrutiny facing crypto-native institutions operating under bank charters.
Column, a nationally chartered bank founded by Plaid co-founder William Hockey, emerged from stealth on April 21, 2022. The bank was created by acquiring and rebranding Northern California National Bank for $50 million. Column offers banking-as-a-platform infrastructure directly to fintech developers, bypassing traditional middleware and core processors. It provides FDIC-insured accounts, wire transfers, loan origination, and card programs via APIs.
Synovus Bank announced a strategic investment in Qualpay, an integrated payments and embedded finance platform. The investment reflects the growing trend of traditional banks taking equity stakes in fintech companies to expand their digital capabilities. The deal was pending regulatory approvals at the time of announcement.
NovoPayment, a Miami-based Banking-as-a-Service provider focused on Latin America, raised $19 million in Series A financing led by Fuel Venture Capital and IDC Ventures. Additional investors included Endeavor Catalyst and Visa Ventures. The company provides multi-country, multi-currency API cloud-based platforms for digital banking, payments, and card solutions, and plans to expand into the US market.
MENA-based BaaS provider NymCard signed a strategic partnership with Visa to support fintechs across the Middle East, North Africa, and Pakistan. The collaboration enables fintechs to launch payment programs with marketing support, consultancy, and industry expertise. NymCard's platform allows fintechs to deploy card, account, and IBAN services without managing complex payment infrastructure.
Umba, a Nigerian digital banking platform, raised $15 million in Series A funding, bringing its total funding to $17.5 million. The company plans to expand into three new African markets. The raise highlights growing embedded finance and digital banking investment across emerging markets.
Finastra and Microsoft announced a collaboration to deliver embedded lending options to SMEs within Microsoft Dynamics 365. The solution uses open APIs and leverages business data to speed up financing decisions. An initial North America launch was planned for summer 2022.
FIS launched its BaaS Hub on April 12, 2022, an API-enabled platform allowing banks, credit unions, and fintechs to deliver embedded finance solutions including deposit banking, financial wellness, and money movement. The platform supports a pay-as-you-grow model targeting the embedded finance market projected to reach $230 billion in revenue by 2025.
Alpian, a Swiss digital-first private bank, raised CHF 19 million in Series B+ funding in early April 2022. The company is building a digital private banking experience leveraging modern fintech infrastructure. The raise highlights embedded finance innovation in the European wealth management space.
London-based Fidel API raised $65 million in Series B funding led by Bain Capital Ventures, bringing total capital raised to $88 million. The company provides API infrastructure enabling developers to securely connect payment cards to applications. The round underscored strong investor demand for fintech infrastructure even as broader global venture funding cooled in early 2022.
FintechOS and Salt Edge announced a partnership on April 5, 2022, combining FintechOS's financial infrastructure platform with Salt Edge's open banking APIs. The partnership aims to deliver PSD2-compliant, hyper-personalized banking experiences for financial institutions across Europe.
Blue Ridge Bankshares reported Q1 2022 results showing $329 million in deposits sourced through fintech partnerships with companies like Unit, Increase, and Upgrade. The results underscore the bank's growing role as a major BaaS sponsor bank. This milestone highlights the rapid scaling of the sponsor bank model in the US embedded finance market.
New York Community Bancorp (NYCB) and Flagstar Bancorp announced plans to extend their merger timeline to October 2022 and proposed switching the combined entity to a national bank charter. Flagstar has been a significant sponsor bank in the BaaS ecosystem. The charter change would require OCC and Federal Reserve approval.
SEB partnered with Humla, a fintech startup launched by Swedish conglomerate Axel Johnson, using SEB's Banking-as-a-Service platform to drive retail industry innovation via embedded finance. The partnership enables Axel Johnson's retail brands to integrate financial products directly into their customer experiences.
Copper, a US-based digital banking service targeting teens, raised $29 million in Series A funding led by Fiat Ventures. The platform provides embedded banking services for younger consumers. The raise highlights growing investor appetite for niche embedded finance targeting underserved demographics.
Deserve launched a Commercial Card Platform enabling banks and B2B clients to offer white-labeled or co-branded credit card products. The platform includes underwriting, instant virtual card issuance, digital wallet provisioning, and enterprise expense management tools. This expands Deserve's card-as-a-service offering into the commercial segment.
Adyen announced on March 31, 2022, its expansion beyond payments into embedded financial products including tailored accounts, financing, and risk-scoring. The move enables platforms and marketplaces to offer financial services to their merchants and small businesses. This represents a significant strategic shift for one of the world's largest payment processors into the broader embedded finance space.
Dana and FintechOS announced a partnership on March 30, 2022, to enable banks and platforms in South Asia to deliver digital banking and embedded lending. The collaboration leverages AI-powered APIs and lending engines to streamline financial product delivery. The deal positions both companies to capture the growing embedded finance opportunity in emerging markets.
Cross River Bank, a leading BaaS provider, raised $620 million in a funding round valuing the company at over $3 billion. The round was led by Eldridge and Andreessen Horowitz with participation from T. Rowe Price, Whale Rock, and Hanaco Ventures. The capital will fuel expansion in payments, lending, and banking-as-a-service for its 80+ fintech partners including Affirm, Coinbase, and Stripe.
ClearBank, a UK-based embedded banking and BaaS platform, raised £175 million in equity funding. The capital supports the company's growth in providing clearing and embedded banking infrastructure to fintechs and financial institutions. The raise underscores continued investor interest in European BaaS providers.