Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Licence Revocation issued against Paytm Payments Bank · RBI · Apr 26, 2026
Partnership — BBVA Wins Best Bank-Fintech Partnership Award for OpenAI Agreement · May 6, 2026
Product — FIS Launches Lyriq Platform for Banks to Issue Tokenized Deposits · Apr 29, 2026
M&A — Barclays Completes Acquisition of Fintech Lender Best Egg · May 2, 2026
Funding — Fence Raises $20M Series A Led by Galaxy Ventures for Lending Infrastructure · Apr 30, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
BBVA and OpenAI won The Banker's Best Bank-Fintech Partnership award on May 06, 2026, for their joint AI development agreement. The two companies are co-creating AI solutions with shared resources and dedicated teams. The Banker described the partnership as the first of its kind in the financial sector.
Thredd and Currensea renewed their partnership for four additional years, extending a relationship in place since 2019. Thredd provides issuer processing, tokenisation, and digital wallet infrastructure for Currensea's debit cards. The deal supports Currensea's expansion into co-branded rewards cards.
Barclays Bank Delaware completed its acquisition of Best Egg, a direct-to-consumer personal loan platform, on May 1, 2026. The deal expands Barclays' U.S. personal lending capabilities alongside its existing credit card and deposit businesses. Best Egg will continue operating under its own brand.
Coastal Financial added de novo Erebor Bank as a correspondent partner, disclosed in a slide in Coastal's latest earnings presentation. Erebor opened in February after receiving expedited charter approval. The bank is backed by PayPal co-founder Peter Thiel and Anduril founder Palmer Luckey.
Revolut partnered with Akahu on May 1, 2026, to use New Zealand's Open Banking framework for real-time automated credit card lending decisions. The integration gives Revolut access to applicant financial data, streamlining credit underwriting. Financial terms were not disclosed.
WEX partnered with Extend to embed virtual card payments into SAP Concur Invoice for accounts payable automation. The integration lets WEX corporate card customers generate and settle vendor payments via virtual cards without leaving Concur. It adds granular transaction control and simplifies multi-currency payments.
Fence raised a $20M Series A led by Galaxy Ventures to automate asset-backed financing workflows. The platform replaces fragmented servicing stacks with real-time facility rule enforcement. Fence counts BBVA, BlackRock, and Fortress among its clients and has $1.4B under administration.
Unum adopted J.P. Morgan Concourse to simplify healthcare insurance payments and achieve Nacha compliance. Concourse is part of J.P. Morgan's embedded finance offering. Financial terms were not disclosed.
Cari announced a partnership with Tassat on Apr 30, 2026, to acquire select Tassat technologies for its tokenized deposit network. The deal brings blockchain expertise validated in live U.S. banking environments into Cari's platform. Keefe, Bruyette & Woods advised Cari on the transaction.
Mashreq partnered with Cashew on Apr 29, 2026, to advance embedded digital lending through platform-based credit models. The collaboration combines Mashreq's banking infrastructure with Cashew's fintech capabilities. Financial terms were not disclosed.
FIS announced Lyriq, a platform that lets banks issue and manage tokenized deposits and digital currencies on their own balance sheets. It integrates with existing core banking systems and supports 24/7 settlement. FIS has completed seven proof-of-concepts with financial institutions globally.
Coastal Financial Corporation signed a non-binding term sheet with Evolve Bank & Trust to explore acquiring its BaaS program assets and deposits. The exploratory deal, announced around Apr 29, 2026, could consolidate two of the largest sponsor bank portfolios in the US.
Kashable, a fintech using EQIBank's Banking-as-a-Service platform, closed a $60 million Series C round led by Goldman Sachs on Apr 28, 2026. The funding supports Kashable's employer-linked financial products built on EQIBank's cross-border banking infrastructure.
XBO.com announced a partnership with Bank Frick on Apr 29, 2026. The deal gives XBO's corporate clients access to fiat on/off-ramp services and multi-currency IBAN accounts through Bank Frick's banking infrastructure. The two firms had an existing working relationship that this announcement formalizes.
OppFi will acquire BNCCORP and its subsidiary BNC National Bank in a $130 million cash-and-stock deal announced on Apr 29, 2026. The transaction creates a $2 billion-asset bank and gives OppFi a national bank charter. The deal is expected to close in the fourth quarter.
Utorg partnered with Wirex BaaS on Apr 8, 2026, to embed non-custodial card issuance, EUR and USD IBAN accounts, and real-time crypto-to-fiat conversion into the Utorg App. The integration serves Utorg's 2M+ users across 190+ countries. Wirex provides the full infrastructure stack through a single API.
Payfuture and Profee announced a partnership on Apr 28, 2026, to enable INR-denominated payouts into India via local payment rails. Profee will use Payfuture's infrastructure to deliver funds to individual and business recipients. The partners plan to scale the arrangement across the wider Indian subcontinent.
Capacity acquired DevRefactory, a customer experience software platform specializing in omnichannel journey orchestration and embedded middleware. Hyde Park Capital served as exclusive investment banker to DevRefactory on the sale. Shumaker, Loop & Kendrick acted as legal counsel.
Ministry Brands launched embedded payments powered by AvidXchange's Accounts Payable as a Service solution on Apr 27, 2026. The integration brings payment automation directly into Shelby Financials and Ministry Brands Accounting. Around 90,000 churches and nonprofits gain access to the embedded payment workflow.
Aven launched the Bitcoin Visa Card on Apr 27, 2026, letting BTC holders borrow up to $1M without selling. BitGo provides custody; Coastal Community Bank issues the card. Terms start at 7.99% APR with plans up to 10 years and unlimited 2% cash back.
Qolo expanded its partnership with KeyBank on Apr 28, 2026, launching Key Virtual Card (KeyVC), a virtual commercial card program. KeyVC integrates with KeyBank's Virtual Account Management platform. Qolo provides backend BaaS technology for issuance, processing, fraud monitoring, and disputes.
Kiwe received final approval from the Central Bank of Egypt to launch its app and card in the Egyptian market. The platform was developed in partnership with Banque Misr, Visa, Meeza, and ModuPay. Kiwe is preparing for a 2026 launch with plans for additional financial products.
South Korea's Kbank partnered with Ripple on April 27, 2026, to pilot blockchain-based cross-border remittances. The test uses Ripple's distributed ledger technology to explore faster, cheaper international payment rails. The deal marks a bank-blockchain fintech tie-up in the APAC region.
LendingClub began underwriting and originating home improvement loans through a new partnership with Wisetack, a platform embedded with over 40,000 contractors. Loans up to $65,000 are offered at the point of sale. LendingClub also made an investment in Wisetack to accelerate the relationship.