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.
BlueVine raised $60 million in Series E funding led by Menlo Ventures for its invoice factoring and business line of credit products. The fintech partners with banks to deliver embedded lending to small businesses. The round highlighted growing investor appetite for fintech-bank partnership models in SME lending.
BPCE, the second largest bank in France by capitalization, integrated TransferWise's API into its mobile banking app. The integration enables BPCE clients to send funds to 60 countries at approximately 0.5% fees. This represents a significant embedded finance move by a major European bank choosing to partner with a fintech rather than build in-house.
Mitek Systems and Signicat partnered to enhance digital customer onboarding for financial institutions. The collaboration integrates Mitek's identity verification technology with Signicat's digital identity platform. The partnership aims to reduce friction in customer onboarding processes for banks and fintechs across Europe.
Tradeshift raised $250M in Series E funding led by Goldman Sachs and PSP Investments, reaching a $1.1B valuation. The API-driven supply chain payments marketplace had raised over $400M total. Funds support global expansion, platform growth, and investments in blockchain and AI capabilities.
The Hong Kong Monetary Authority published its finalized guidelines for authorizing virtual banks following a public consultation. Virtual banks must meet the same criteria as conventional banks, including HK$300 million minimum paid-up capital. The HKMA rejected industry requests for phased regulatory requirements or exemptions, setting a high bar for digital-only bank entrants.
MassChallenge announced a zero-equity fintech accelerator program sponsored by Citizens Bank, Fidelity Investments, MassMutual, and other financial institutions. The six-month program pairs later-stage fintech startups with industry leaders for co-development and product validation. It offers up to $250,000 in cash prizes and aims to foster fintech-bank partnerships.
Citizens Bank's small business digital lending platform, built in collaboration with Fundation Group LLC, was recognized with an industry award for partnership innovation. Fundation provides digitally-enabled, integrated small business lending solutions embedded within bank platforms. The partnership exemplifies early bank-fintech collaboration in embedded lending.
PayPal announced an all-cash acquisition of Stockholm-based payments startup iZettle for $2.2 billion to bolster its point-of-sale capabilities. The deal positioned PayPal to compete more directly with Square and Stripe in offline small-business payments. iZettle operated in 12 markets across Europe and Mexico, processing $6 billion in payment volume.
Deutsche Bank acquired Quantiguous Solutions, an API platform provider, to accelerate its open banking development. The acquisition supported the bank's transaction banking programs by enabling API-based integrations for partners and fintechs.
Argentina's Banco Masventas partnered with fintech Bitex to enable customers to send international transfers using Bitcoin as an alternative to SWIFT. This marked the first domestic bank in Argentina to adopt Bitcoin for cross-border payments, reducing costs and enhancing digital banking services.
Dubai International Financial Centre (DIFC) and Accenture signed an agreement to strengthen FinTech Hive at DIFC's global position. The partnership aims to expand the fintech accelerator's reach and capabilities. This reinforces DIFC's role as a hub for banking and fintech innovation in the MENA region.
MindBridge AI secured $8.4M in Series A funding led by Real Ventures with participation from National Bank of Canada. The AI Auditor platform serves banking analytics and compliance infrastructure with 125 customers across six countries. The investment supports growth of AI-powered financial auditing tools.
The U.S. Office of the Comptroller of the Currency decided to grant special purpose national bank charters to fintech companies, enabling them to operate nationwide. The decision faced immediate legal challenges from state banking regulators who argued the OCC exceeded its statutory authority. This represented a landmark moment for the BaaS and embedded finance landscape in the United States.
Goldman Sachs announced plans to expand its digital retail bank Marcus to the UK and mainland Europe. The move demonstrated how established financial institutions were adopting fintech-style digital banking approaches. Marcus had already gained traction in the U.S. with competitive savings rates and a streamlined digital experience.
San Francisco-based fintech Seed partnered with FDIC-insured The Bancorp to offer free mobile-only banking for small businesses. The service included checking accounts, debit cards, bill pay, mobile deposits, ACH, and wire transfers via a white-label banking model.
Saxo Bank announced a partnership with Microsoft to migrate its trading and investment platform to the Microsoft Cloud. Saxo Bank operates a white-label banking-as-a-service model supporting over 120 partnerships globally. The cloud migration aims to enhance scalability and performance for Saxo's BaaS partners, providing access to over 35,000 financial instruments.
Swedish fintech Tink launched an API platform enabling developers to access financial data from banks for account aggregation and categorization. The platform allows third parties to build applications on top of bank data, facilitating early embedded finance use cases across Europe.
OCBC Bank became the first bank in Singapore to enable instant digital card issuance and provisioning to Apple Pay via its mobile app. The service covers both Visa credit and debit cards, allowing customers to use newly issued cards immediately through Apple Pay. OCBC described the experience as 'embedded and frictionless' digital banking.
Fiserv introduced a white-label developer portal enabling banks to engage third-party providers under open banking regulations. The portal includes tools like FinKit for authentication and consent management. This positions Fiserv as an infrastructure provider helping banks comply with PSD2 and open banking mandates while enabling fintech partnerships.
Solarisbank (now Solaris) received full banking license approval from BaFin and the European Central Bank, making it one of the first digital Banking-as-a-Service platforms to obtain such a charter in Germany. Founded in March 2016, the company secured the license just nine months after filing its application. The approval enabled Solarisbank to rapidly connect partners to its payment, lending, and digital banking APIs.
Moorwand, an FCA-regulated Electronic Money Institution, obtained its license in April 2018 and began offering BIN sponsorship, digital banking (BaaS), and compliance services to fintechs. The launch positioned Moorwand as a sponsor-like entity enabling fintechs to access payment infrastructure without obtaining their own banking licenses.
Equistone Partners acquired a majority stake in Small World, a cross-border payment provider. The deal supports Small World's growth in international money transfers, an area increasingly integrated into embedded finance offerings by banks and fintechs.
Cross River Bank was highlighted by Wharton Finance as a key banking-as-a-platform infrastructure provider for fintechs. The state-chartered bank offers API-driven services enabling fintech partners to leverage scalable banking infrastructure. This model allows fintechs to focus on innovation without building proprietary banking systems.
UK-based BaaS and payments provider Contis entered a landmark partnership with fintech Wirex to enable everyday spending of converted cryptocurrencies. Virtual Visa cards launched on March 20, 2018, with physical cards expected by mid-May. Contis provides the banking infrastructure and Visa sponsorship, while Wirex handles the crypto-to-fiat conversion and customer-facing product.