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.
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.
NymCard partnered with Gate to Pay in Jordan to provide fast-track card issuing via its BaaS platform. The partnership supports fintechs with customizable virtual and physical payment cards. This move strengthens NymCard's position in the MENA fintech ecosystem.
Jaris emerged from stealth mode announcing a $31M Series B funding round and launching its Credit-as-a-Service platform. The platform enables payments and software companies to offer branded lending, business banking, and instant payouts to small businesses via API. The launch positions Jaris in the rapidly growing embedded finance market projected to reach $230B by 2025.
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.
African fintech Pngme raised $15 million in Series A funding for its financial data infrastructure platform. The company provides APIs, mobile SDKs, and machine learning services to help fintechs and banks serve underbanked populations. The round highlights growing investment in API-based data infrastructure for emerging market embedded finance.
Berlin-based fintech Pliant raised $6.5M in seed funding for its credit card solution designed to integrate with SaaS platforms for accounting and expense management. The company plans to use the funding for international expansion. Pliant's embeddable card infrastructure positions it in the B2B embedded finance space.
Synctera announced Regent Bank as a new community banking partner for its BaaS platform, joining existing partners Coastal Community Bank and Lineage Financial Network. The partnership expands Synctera's sponsor bank network as it targets 15 community bank partners by end of 2021. Regent Bank, based in Oklahoma, aims to grow its fintech servicing capabilities through the marketplace.
Synapse launched its Credit Hub, a white-label BaaS platform enabling fintechs and neobanks to build customizable credit products via APIs in partnership with Mastercard. The platform supports card issuance, lending accounts, and credit-building tools, with a private beta already facilitating 1 million credit accounts and over $40 million in credit.
Synctera announced partnerships with Marqeta and Mastercard and launched a Card API enabling Cards-as-a-Service. The offering allows fintechs and community banks to quickly issue debit card programs. A full Cards-as-a-Service rollout was planned for fall 2021, expanding Synctera's BaaS capabilities.
New York Community Bancorp's merger with Flagstar Bancorp received shareholder approval on August 4, 2021, with expected close in Q4 2021. The combination creates a larger banking entity with potential implications for fintech partnerships and BaaS infrastructure. Flagstar is a significant mortgage warehouse lender and banking partner.
Fintech Figure Technologies announced a merger with mortgage lender Homebridge Financial Services, combining Figure's Provenance Blockchain platform with Homebridge's $25 billion+ loan origination capabilities and 180 retail branches. The deal aims to enhance lending efficiency and expand Figure's reach into physical banking infrastructure.
Rapyd raised $300 million in Series E funding, valuing the company at $8.75 billion. The Israel-founded fintech-as-a-service platform provides APIs for payments, wallets, card issuing, and global payment methods. The round underscores surging investor appetite for API-driven payment infrastructure enabling embedded finance globally.
Square announced the acquisition of Australian BNPL provider Afterpay for approximately $29 billion in an all-stock deal. The acquisition aimed to integrate Afterpay's buy-now-pay-later capabilities into Square's merchant and consumer ecosystems. The deal represented one of the largest fintech M&A transactions and signaled Square's push deeper into embedded finance and consumer lending.
DriveWealth raised $450 million in Series D funding at a $2.85 billion valuation for its fractional trading and embedded finance platform. The company enables fintechs and brands to offer stock trading through its API infrastructure. The round is among the largest for embedded investment platforms in 2021.
African fintech pawaPay raised $9 million in seed funding for its single-API platform connecting businesses to telco mobile money systems. The platform handles payments, compliance, and bank accounts for underbanked populations across Africa. The round supports expansion of mobile money-based embedded finance infrastructure.
Australian fintech platform Airwallex launched in the US around August 2021 through a partnership with Evolve Bank & Trust, focusing on cross-border payments. The partnership enables Airwallex to offer its global payments infrastructure to US businesses. This represents Evolve Bank's continued role as a key sponsor bank in the embedded finance ecosystem.
Citizens Financial Group announced an agreement to acquire Investors Bancorp, Inc. for $3.5 billion in stock and cash. Investors Bancorp had served as a sponsor bank for fintechs needing charter access, making this a significant BaaS-related acquisition. The deal adds $27 billion in assets and 154 branches across the NYC, Philadelphia, and New Jersey markets.
U.S.-based fintech Sila secured $13 million in a Series A round led by Revolution Ventures for its compliant payment infrastructure API. Backed by Evolve Bank & Trust, Sila provides APIs for payments, KYC, and KYB. Total funding reached over $20 million.
Citi launched a real-time liquidity sharing solution providing 24/7 embedded instant payments for treasury and eCommerce applications. The product enables real-time funding capabilities that support always-on payment flows. This represents a major bank embedding real-time payment infrastructure into corporate treasury workflows.
Paysafe partnered with Bankable to use its core banking platform for launching omnichannel banking services. Bankable's API and white-label solutions will underpin Paysafe's new banking offerings. The deal extends Paysafe's capabilities into embedded banking infrastructure via a BaaS-style arrangement.
London-based open banking infrastructure provider Yapily raised $51 million in a Series B round led by Sapphire Ventures. The funding brings total raised to $69 million. Proceeds will support European expansion to cover 95% of the continent and future entry into Latin America.
Evolve Bank & Trust and Mastercard announced a partnership to simplify card payments for cryptocurrency exchanges. The collaboration leverages Evolve's BaaS capabilities and Mastercard's card network to bridge traditional payments and crypto platforms. The deal reflects growing demand for fiat on-ramps in the crypto ecosystem.