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 Hong Kong Monetary Authority issued revised authorization guidelines for virtual banks in February 2018, establishing principles for licensing digital-only banking operations. This reflected a more open regulatory stance toward challenger banks and set the stage for virtual bank license applications in Hong Kong.
The U.S. House of Representatives passed H.R. 1426, the Federal Savings Association Charter Flexibility Act of 2017, allowing federal savings associations to exercise national bank powers without converting charters. This expanded operational flexibility for financial institutions and indirectly benefited the embedded finance ecosystem.
Finastra acquired Olfa Soft SA to provide banks with an end-to-end electronic FX trading platform. The acquisition enhances Finastra's treasury and capital markets offering with digital FX capabilities. This strengthens Finastra's position as a banking technology provider enabling digitized financial services.
Varo Money announced a $45M Series B financing round, publicly disclosed on January 18, 2018. The mobile banking fintech had applied for a national bank charter from the OCC and FDIC in July 2017, aiming to become the first U.S. national bank designed for smartphones. The funding was intended to support its charter application process and product expansion.
Originate, a financial services software company, received an undisclosed investment from Pacific Growth Investors. The funding supports working capital and international expansion. Originate builds software that redesigns legacy banking systems through client partnerships, aligning with BaaS infrastructure needs.
Dutch Finance Lab raised €30 million shortly after its January 2018 launch, led by investor Pieter Schoen and a banking partner. The funds primarily support client credit lines and acquisitions. The company leverages fintech products to offer customized funding and credit insurance solutions.
Indian payment gateway Razorpay raised $20 million in a Series B round led by Tiger Global and Y Combinator Continuity, with participation from Matrix Partners. The funding came amid reported interest from Stripe, PayPal, Amazon, and Adyen for potential partnerships or acquisitions to expand in India.
The UK's Open Banking initiative officially launched on January 13, 2018, requiring major banks to share customer data via APIs with authorized third-party providers. Banks including Barclays, HSBC, and RBS began enabling API access. This regulatory milestone laid the groundwork for embedded finance and BaaS innovation across the UK.
Accenture launched the sixth cohort of its FinTech Innovation Lab London on January 2, 2018, pairing 20 shortlisted fintech startups—including a dedicated RegTech stream—with executives from over 32 major financial institutions. Sponsor banks included Citi, Goldman Sachs, HSBC, JPMC, Lloyds, Morgan Stanley, Santander, UBS, and others. The program focuses on solutions for PSD2, GDPR, MiFID II compliance, fraud detection, and blockchain security.
Volante Technologies collaborated with BNY Mellon on payments technology innovation, including real-time payments processing via the VolPay Hub and tokenized payments with Zelle. The partnership demonstrates how infrastructure providers enable banks to offer modern payment rails. This collaboration supports BNY Mellon's ability to provide embedded payment capabilities to its clients.
Indian lending marketplace Paisabazaar raised $31.58 million to scale its platform connecting consumers with bank lending products via mobile and internet channels. The platform serves segments underserved by traditional banks. The investment underscores growing demand for digital lending infrastructure in India.
New York-based MoneyLion raised $42M in a Series B led by Edison Partners for its personal finance app offering loans and financial tools. The company had issued over 250,000 loans at the time, bringing total funding to $67M. The round supports technology expansion and lending growth.
Paris-based Spendesk raised €8M in a Series A led by Index Ventures to expand its business spending platform across Europe. The round follows a €2M seed in 2017. Spendesk provides companies with a platform for managing purchases and expenses.
Global payments fintech Payvision partnered with Dutch bank ING to provide cross-border e-commerce payment processing. The deal emphasized complementary strengths, combining Payvision's payments technology with ING's banking infrastructure and regulatory reach. This was an early example of the bank-fintech collaboration trend that accelerated throughout 2018.
Brazil-based EBANX secured $30M from FTV Capital to grow its cross-border payment processing platform in Latin America. The funding supports expansion into new markets like Ecuador and Uruguay and deeper integrations with partners such as Google Pay. EBANX enables international merchants to accept local Latin American payment methods.
Indian fintech NiYO Solutions raised $13.2 million for its digital platform enabling employee benefits, claims, and credit access via employer-bank partnerships. The platform facilitates financial advisory services by connecting employers with banking partners. This investment highlights embedded finance growth in India's B2B2C segment.
Visa partnered with NovoPayment to enable digital financial services such as mass disbursements and collections via a cloud-based platform for banks across Latin America. The partnership leverages NovoPayment's API-driven platform to help banks deliver embedded payment and account services to corporate clients. This represents an early embedded finance play in the LATAM region.
BankMobile, a fintech-focused digital bank, announced plans to spin off and merge with Flagship Community Bank, a community bank acting as a sponsor bank. The deal was scheduled to close in mid-2018. This merger exemplifies the sponsor bank model where fintechs partner with chartered banks to access banking licenses and deposit insurance.