Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Licence Revocation issued against Paytm Payments Bank · RBI · Apr 26, 2026
Partnership — XBO.com Partners with Bank Frick for Fiat On/Off-Ramp and Corporate Banking · Apr 29, 2026
Product — FIS Launches Lyriq Platform for Banks to Issue Tokenized Deposits · Apr 29, 2026
M&A — OppFi Acquires BNCCORP and BNC National Bank for $130M · Apr 29, 2026
Funding — Kashable Raises $60M Series C Using EQIBank's BaaS Platform · Apr 29, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
The SEC launched FinHub, a Strategic Hub for Innovation and Financial Technology, to engage with fintech innovators working on digital marketplace financing, APIs, and distributed ledger technology. The initiative provides a central point of contact for fintech companies navigating regulatory requirements.
Europe-based VC firm Corviglia Capital launched with a $500M maiden fund to invest in fintechs disrupting banking and financial services. The firm plans to deploy $10M–$50M per deal, with offices in Berlin and London. The fund signals strong European institutional appetite for fintech-banking infrastructure plays.
OnDeck launched ODX, a Platform-as-a-Service subsidiary enabling banks to digitize SME lending with embedded software, analytics, and services. The platform allows banks to offer fully digital loan applications and underwriting, funding small businesses in as little as 24 hours. ODX leverages OnDeck's proprietary OnDeck Score for real-time lending decisions, targeting bank-fintech collaboration.
CB Insights released its 2018 Fintech 250 list, spotlighting 250 promising fintech startups including banking-as-a-service provider Cross River Bank and API-based lender Upgrade. The cohort had raised $53B in aggregate funding since 2013, with 30 unicorns and 33 mega-rounds in 2018 YTD.
The IMF released the Bali Fintech Agenda outlining 12 policy principles for harnessing fintech and banking infrastructure development. The agenda addresses regulatory frameworks, financial inclusion, and cross-border considerations for digital financial services. It provides a global policy blueprint relevant to BaaS and embedded finance.
Brazilian digital bank Nubank raised $180 million from Chinese tech giant Tencent, valuing the company at $4 billion. The investment from Tencent represents a significant cross-border bet on Latin America's largest digital banking platform. The funding supports Nubank's expansion of its financial services ecosystem in Brazil.
USAA launched a limited-time pilot with veteran-focused fintech StreetShares to offer small business lending to its members. The partnership addresses unmet demand among USAA's member base for small business financial products. It represents a bank-fintech collaboration where a large financial institution embeds a fintech's lending capabilities for its customer base.
Starling Bank announced the expansion of its Banking-as-a-Service offering around PayExpo 2018, opening APIs for white-label banking, debit cards, and payments. The BaaS platform enables fintechs to access banking infrastructure without obtaining their own banking license. Early partners include Instarem and FIS Global.
Stripe launched Stripe Terminal in the US, enabling online businesses to accept in-person payments through API integration. The product positioned Stripe in direct competition with Square and PayPal in the physical payments space. This represented a significant expansion of Stripe's embedded payments infrastructure beyond e-commerce.
Stripe, the payments API and infrastructure provider, raised $245 million at a $20 billion valuation in a round led by Tiger Global. Participants included DST Global, Sequoia, and others. The funds will support global engineering expansion as Stripe deepens its embedded payments platform for businesses worldwide.
Finastra launched Fusion Essence, a cloud-based core and digital retail banking solution on Microsoft Azure, targeting UK challenger banks. The platform supports payments, lending, deposits, and regulatory reporting. It enables fast market entry and third-party integrations, serving as infrastructure for new banking entrants.
Online lender Avant rebranded its 'Powered by Avant' SaaS business unit as Amount, a white-label banking partner platform for fintechs and banks. The platform offers customizable digital lending solutions including decisioning engines, fraud prevention, risk modeling, and white-label servicing. Banks like Regions Bank and Eloan (Banco Popular) were already using the platform to deliver digital personal loans.
Oracle NetSuite announced NetSuite Banking as a Service (BaaS), a cloud-based platform providing direct access to financial services. The platform aims to help businesses streamline financial operations and reduce costs by embedding banking services into their ERP workflows.
UK fintech Modulr opened its first office outside London in Edinburgh during Fintech Fortnight, following a £10.5m funding round. The expansion supports its embedded payments platform offering API access to Faster Payments and Open Banking. The move positions Modulr as an alternative to traditional transaction banking amid PSD2 regulatory shifts.
Bloom Credit, a financial wellness platform using AI and credit analysis for consumer insights and partnerships with financial institutions, raised $3.78 million in a seed round. The round was led by Resolute Ventures with participation from Kindred Ventures, Slow Ventures, and 500 Startups FinTech Fund. The funding supports Bloom's embedded credit data infrastructure for bank and fintech integrations.
The New York Department of Financial Services filed a lawsuit against the OCC over its proposed special-purpose bank charter for fintech companies. The case challenged the authority of fintechs engaged in lending or payments to obtain a national bank charter without being depository institutions. This legal battle had significant implications for the regulatory framework surrounding BaaS and embedded finance.
Nordea launched its open banking platform in Sweden, enabling third-party developers and fintechs to access banking APIs. The move positions Nordea as an early mover in PSD2-driven open banking in the Nordics. It allows fintech partners to build embedded financial services on top of Nordea's banking infrastructure.
Ribbit Capital, a prominent fintech investor, aimed to raise $420 million for its fifth fund, up from a prior $300 million fund. Ribbit backs key banking infrastructure players including Cross River Bank, which provides regulated banking services and loan origination for fintechs like Affirm and Upstart. The larger fund signals growing institutional interest in BaaS and banking infrastructure.
Novo launched its digital business banking platform in the US, offering free checking accounts and debit cards for startups and small businesses. The service is white-labeled through a partnership with Middlesex Federal Savings and Mastercard. Novo targets underserved entrepreneurs with streamlined onboarding and integrated financial tools.
PaymentVision announced a partnership with MoneyGram to integrate payment solutions for billers and receivables management. The collaboration enables in-person cash payments at over 30,000 U.S. retail locations including Walmart and CVS. The deal aims to streamline customer payment experiences with real-time posting and reduce late fees.
The Hong Kong Monetary Authority and the Central Bank of Brazil signed a fintech cooperation agreement to share innovation insights and referrals. The agreement supports cross-border fintech collaboration between the two jurisdictions. It reflects growing international regulatory cooperation around fintech and embedded finance innovation.
Swedish BNPL and embedded payments fintech Klarna acquired the consumer financing arm of UK-based Close Brothers Group. The deal expands Klarna's embedded lending footprint in the UK market. This represents a fintech acquiring traditional bank-held consumer finance capabilities to bolster its embedded finance offerings.
UNCDF, Bank Negara Malaysia (BNM), and Malaysia Digital Economy Corporation (MDEC) launched the Inclusive Fintech Accelerator Program. The initiative aims to help fintech startups develop inclusive finance solutions in areas like spending, saving, and borrowing. It fosters public-private partnerships to drive financial inclusion across Malaysia.
Varo Money received preliminary approval for a national bank charter, becoming one of the first US consumer fintech startups to pursue a full banking license. The company had raised $79 million in funding to support its transition. This milestone had major implications for the BaaS industry as it signaled fintechs could operate independently of partner banks.