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
FinLync and Standard Chartered announced a partnership to simplify corporate treasury teams' adoption of the bank's API offerings. FinLync's middleware connects Standard Chartered's aXess API platform directly into enterprise ERP systems like SAP. The deal eliminates custom IT builds and legacy file-based integrations, enabling real-time treasury visibility and faster decision-making for large corporates.
Affinity Plus Federal Credit Union launched Bank Dora Financial on September 28, 2021, as the nation's first credit union-based neobank app. The digital-only banking cooperative specifically targets low-to-moderate income individuals underserved by traditional banking. The launch represents a new model for credit unions entering the embedded finance space.
Entities: Affinity Plus Federal Credit Union · Bank Dora Financial
Swan, a European BaaS platform enabling companies to embed white-labelled banking features such as accounts, IBANs, and cards, raised $16 million in equity funding from Accel. The investment will fund expansion into new European markets, starting with Germany and its localized features like DE IBANs. The round highlights growing demand for embedded finance infrastructure in Europe.
Unity Trust Bank partnered with global payments provider Elavon to offer a comprehensive suite of payment solutions to its customers. The partnership extended Unity's customer proposition through embedded payment capabilities. This bank-fintech collaboration demonstrates embedded finance adoption among mission-driven banks.
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.
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.
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.
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.
Entities: dopay · Force Over Mass Capital · FMO · NN Group · Mbuyu Capital · Alder Tree Investments
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.
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.
Entities: Varo Bank · Lone Pine Capital · Warburg Pincus · The Rise Fund · Gallatin Point Capital · Declaration Partners · Eldridge
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.
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.
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.
Entities: Synctera · Community Federal Savings Bank
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.
Entities: TrueLayer · Tiger Global Management · Stripe
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.
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.