Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Guidance issued against All regulated financial firms · Financial Supervisory Service (FSS) · Jul 29, 2026
Partnership — FinWise Bancorp Expands BIN Sponsorship with New Prepaid Card Program · Jul 29, 2026
Product — Increase Launches FDIC-Member Increase Bank as Fintech-Focused BaaS Partner · Jul 29, 2026
M&A — PSQ Sells EveryLife for $5.5M to Focus on Payments Infrastructure · Jul 29, 2026
Funding — PEX Raises $160M in Debt and Equity for Spend Management Platform · Jul 28, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
Increase launched Increase Bank, an FDIC-member institution offering API-first banking for technology companies. The bank supports payments across every major U.S. rail, card issuing, flexible accounts, and lending. Clients include Gusto, Ramp, Stripe, and Check.
FinWise Bancorp signed a new strategic program with an unnamed prepaid card provider, combining its BIN Sponsorship and MoneyRails services. The deal was disclosed in the company's Q2 2026 earnings release on Jul 29, 2026. FinWise described the partner as "well-established" but did not name it.
Pliant, a Berlin-based B2B payment fintech, announced on Jul 29, 2026 that it has surpassed $100 million in annual recurring revenue. The company attributes growth to demand for its API-first commercial payment platform from businesses, banks, fintechs, and software providers.
PSQ Holdings agreed to sell EveryLife, its direct-to-consumer diaper and baby products brand, to FreeHold Brands for $5.5 million in cash. The transaction is expected to close by Sep 30, 2026. PSQ will use the proceeds to strengthen its balance sheet as it focuses on payments and financial infrastructure.
Payward signed a definitive agreement on Jul 27, 2026 to acquire Magic Labs' wallet-as-a-service business. Magic's non-custodial wallet infrastructure has powered more than 60 million wallets. Payward will integrate the technology into Payward Services, its B2B infrastructure platform.
PEX secured $160 million in debt and equity financing led by Bluff Point Associates on Jul 28, 2026. The capital will fund growth of PEX's charge card program and spend management platform. Clear Haven Capital Management is providing the credit facility.
FIS and Episode Six launched the FIS International Issuing Hub on Jun 3, 2025. The cloud-native, API-first platform handles card issuing and payment processing for banks and fintechs globally. It combines Episode Six's processing technology with FIS's distribution network.
FreshBooks and Grasshopper Bank announced a partnership on Jul 28, 2026, to embed banking services into FreshBooks' business management platform. The deal targets solopreneurs and small teams who need integrated cash-flow tools. It connects Grasshopper's digital banking with FreshBooks' invoicing and accounting suite.
ChainIT Inc. has been added to the U.S. Bank Connected Partnership Network, an online marketplace of fintech solutions integrated with U.S. Bank systems. ChainIT is listed as a Treasury Management Solution offering KYC/KYB, digital agreements, and compliance infrastructure.
Asprofin Bank Corporation and Digital TRVST announced a Banking-as-a-Service partnership on Jul 28, 2026. Asprofin supplies regulated banking infrastructure; Digital TRVST embeds it into its fintech platform. The deal covers multi-currency accounts, cross-border payments, digital asset custody, and compliance.
KPay Merchant Service (Singapore) Pte. Ltd. received in-principle approval from MAS for a Major Payment Institution licence on Jul 27, 2026. The licence will cover merchant acquisition, domestic transfers, and cross-border money transfers. The approval does not yet permit KPay to provide payment services.
The OCC granted Upstart conditional approval on Jul 23, 2026 to establish Upstart Bank, N.A. as a de novo national bank. The branchless bank would originate loans nationwide and accept FDIC-insured deposits. Upstart filed its charter application in Mar 2026.
Cross River Bank will provide banking infrastructure for X Money, a financial services platform embedded in the X app. The platform includes FDIC-insured accounts, a Visa debit card, and peer-to-peer payments. X is the first U.S. social media platform to offer embedded banking within its core product.
Byline Bank announced on Jul 27, 2026 that Lithic selected it as a sponsor bank partner. The deal lets Lithic connect technology companies to Byline's banking infrastructure for consumer and commercial card programs. Byline will provide accounts, payments and risk oversight behind Lithic's platform.
Xflow, a cross-border payments platform, closed a $16.6 million Series A led by General Catalyst. PayPal Ventures also participated, alongside existing investors Lightspeed, Stripe, Moore Capital, and Square Peg. CMS IndusLaw advised Xflow on the transaction.
Candex extended its Series C funding round to over $40 million with a new investment from HSBC. The company provides vendor management and tail-spend solutions for global enterprises. The round extension was announced on Mar 17, 2026.
Alaan, a UAE-based spend management platform, launched an AI-native business bank account powered by ruya's Banking-as-a-Service infrastructure. The product embeds Shariah-compliant banking directly into Alaan's fintech interface. It consolidates approvals, payments, and accounting into a single AI-driven workflow.
Flexible Finance, Inc. ("Flex") filed applications with the FDIC and the Utah Department of Financial Institutions to charter Flex Bank as a Utah state-chartered industrial bank. The proposed subsidiary would be FDIC-insured. Flex has processed more than $40 billion in rent for over 3.2 million renters since 2019.
Tabby received a consumer finance licence and an SME finance licence from the Saudi Central Bank (SAMA) on Jun 29, 2026. The consumer licence allows extended payment plans up to SAR 50,000 over 12 months. The SME licence lets Tabby provide working capital to retailers on its platform.
The OCC granted preliminary conditional approval on Feb 12, 2026, for Bridge National Trust Bank, a de novo national trust bank in New York. Bridge Ventures LLC, a wholly owned subsidiary of Stripe, Inc., will own the bank. The bank plans to issue USD-denominated stablecoins and provide digital asset custody services.
The Office of the Comptroller of the Currency denied Wise Group's application for a U.S. national trust bank charter. Wise said the decision does not affect normal operations. The company plans to submit a new application reflecting changes to its business and OCC feedback.
Visa and Lianlian DigiTech completed the first live B2B agentic transaction using Lianlian's LoopXPay AI agent on Jul 24, 2026. The agent sourced a product sample, compared suppliers, placed an order, and executed payment in a single automated workflow. LoopXPay has been registered in Visa's Agentic Directory.
KamelPay launched AbsoluteCard on Jul 16, 2026, a corporate payments platform powered by Mastercard and issued by Mawarid Finance. The product bundles virtual IBANs, corporate cards and real-time spend controls for UAE businesses. KamelPay also holds in-principle approval from the Central Bank of the UAE.
Circle signed MOUs with Kakao Group and Toss Bank on Jul 23, 2026, to explore USDC stablecoin payments and cross-border settlement in South Korea. The agreements cover blockchain infrastructure integration with existing banking and payments platforms. No launch dates or financial terms were disclosed.