Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Reprimand and Composition Fine issued against Havenport Investments Pte Ltd · MAS · May 18, 2026
Partnership — FVSBank Partners with MANTL to Accelerate Deposit Growth via Omnichannel Opening · May 20, 2026
Product — Western Union Launches USDPT Dollar Stablecoin on Solana Blockchain · May 18, 2026
M&A — Rakuten Bank and Rakuten Payment Sign Reorganization Agreement · May 20, 2026
Funding — Turnkey Raises $12.5M for Embeddable Crypto Wallet Infrastructure · May 18, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
PPRO partnered with Nubank to make NuPay available to merchants and payment service providers globally. The integration gives international businesses access to Nubank's 115 million customers in Brazil. NuPay lets users authorize transactions via a single click or biometric scan inside the Nubank app.
Rakuten Bank signed a definitive agreement on May 20, 2026, to reorganize Rakuten Group's FinTech business. Through share deliveries, Rakuten Bank will make Rakuten Card and Rakuten Securities Holdings its subsidiaries. The deal requires shareholder approval at Rakuten Bank's annual meeting on Jun 24, 2026.
FABMISR and Network International entered a partnership on May 20, 2026, to expand digital payment processing in Egypt. Network International will provide end-to-end card issuing, acquiring, and value-added services through its N-Genius platform.
BankSouth, a $1.6 billion community bank in Georgia, selected FIS as its core banking platform provider on May 20, 2026. The deal covers retail and business banking. It aims to accelerate fintech integrations and prepare the bank for AI capabilities.
FVSBank, a mutual bank in Fond du Lac, Wisconsin, partnered with MANTL to deploy omnichannel deposit account opening for retail and business customers. The platform will automate more than 85% of application decisions, including KYC, AML, and BSA checks. The deal was announced on May 19, 2026.
NORD/LB is expanding its long-standing partnership with Finastra by adding Loan IQ Nexus and Loan Portal to its lending technology stack. The German bank already uses Finastra's Loan IQ for corporate and syndicated lending. Go-live is planned within the next two years.
NMI acquired Dwolla, an account-to-account payment infrastructure provider, on May 19, 2026. The combined business will process close to $700 billion in annual transaction volume. More than 400 Dwolla customers will join NMI's ecosystem.
Alpha Modus launched Alpha Cash on May 18, 2026, a mobile financial platform paired with physical retail kiosks. The app targets unbanked and underbanked consumers with cash loading, remittance, prepaid cards, and peer-to-peer transfers. It is live in the Apple App Store.
Housing Bank for Trade and Finance selected ProgressSoft's Payments Hub Platform to upgrade its payments network. The integration covers local and international payment corridors, with faster settlement times and alignment with Swift GPI and CBPR+ standards. The two Jordanian firms have partnered since 1993.
Western Union announced plans to launch USDPT, a U.S. dollar stablecoin built on Solana and issued by Anchorage Digital Bank. The token will let users send, receive, spend, and hold digital dollars across Western Union's global network. Availability is expected in the first half of 2026.
Tilled raised $12.5 million in a round led by Canvas Ventures and UPC Capital Ventures on Oct. 29, 2024. The PayFac-as-a-Service startup has now raised nearly $40 million since its 2019 founding. Tilled also announced a partnership with Handpoint to expand card-present terminal options in the U.S. and Canada.
MoonPay acquired Dawn Labs, an AI and financial markets research lab, on May 11, 2026. The deal brings Dawn's team into MoonPay, with founder Neeraj Prasad becoming Chief Engineer of MoonPay Labs. MoonPay also launched Dawn CLI, an AI trading tool.
Fazeshift raised $22M to automate accounts receivable workflows. The company focuses on AR automation for finance and accounting teams. Coverage of the round appeared across Fintech Global, Yahoo Finance, PYMNTS, and Financial Content in early May 2026.
Mastercard and Yellow Card, a licensed stablecoin infrastructure provider in Africa, announced a partnership on May 7, 2026 to develop stablecoin payment solutions across Eastern Europe, the Middle East, and Africa. Initial focus markets include Ghana, Kenya, Nigeria, South Africa, and the UAE.
Grain, an Israel-based fintech, raised over $50 million across an $18 million seed round and a $33 million Series A led by Bain Capital Ventures. Aleph, Vesey Ventures and Hanaco Ventures also participated. The funds will support the launch of its API-based FX management platform for cross-border commerce.
Coast, a New York-based fleet payments platform, raised $40M in Series B funding on Jul 18, 2024, led by ICONIQ Growth. Accel, Insight Partners, Vesey Ventures, and Avid Ventures participated alongside new investor Thomvest. Synchrony made a separate strategic investment in the company.
Stitch raised $25 million in Series A funding led by Andreessen Horowitz on May 14, 2026. The round marks a16z's first investment in the GCC. Total funding now stands at $35 million, with Arbor Ventures, COTU Ventures, Raed Ventures, and SVC also participating.
equipifi closed a $34 million Series B on May 14, 2026, led by Left Lane Capital. Curql and PHX Ventures participated alongside all existing investors. The round brings total funding to $49 million and will fund product expansion and new financial institution partnerships.
Sturgis Bank, a Michigan community bank with 16 branches, partnered with MANTL to overhaul retail and business account opening across all channels. MANTL, an Alkami solution team, will deploy its full omnichannel onboarding suite. The platform automates more than 85% of application decisions.
Turnkey, a US-based crypto wallet infrastructure provider, closed a $30 million Series B led by Bain Capital Crypto on Jun 10, 2025. Galaxy Ventures, Sequoia Capital, Lightspeed Faction, Variant, and Wintermute Ventures also participated. Total funding now exceeds $50 million.
Apex Fintech Solutions and Plaid announced a partnership on May 12, 2026, to streamline brokerage account transfers. The integration pairs Plaid's data connectivity with Apex's ACATS infrastructure and risk engine. The goal is to reduce transfer errors and delays for broker-dealers.
Augustus, formerly known as Ivy, received conditional approval from the OCC on May 11, 2026, to charter Augustus Bank, N.A. as a full-service national bank. Co-founder Ferdinand Dabitz, 25, will serve as CEO. The bank will focus on AI-native clearing for global financial institutions.
National Australia Bank completed its acquisition of London fintech Banked on May 14, 2026. Banked's Pay by Bank platform bypasses card networks to deliver real-time, lower-cost payments. NAB Ventures had invested across three funding rounds starting in 2022 before converting its minority stake into full ownership.
The North Carolina Bankers Association selected Stablecore as its preferred digital asset technology provider on May 14, 2026. The partnership covers over 80 member institutions and 2,000-plus branches. Member banks gain access to stablecoin, tokenized deposit and digital asset products through Stablecore's platform.