Search Results for "Accel"
20 results for "Accel"
Deals 20
PolicyStreet Raises $21M Series C for Embedded Insurance Expansion in Asia
Malaysian InsurTech PolicyStreet secured $21 million in the first close of its Series C round to scale its embedded insurance platform across Asia. The round was led by Cool Japan Fund with participation from Altara Ventures, Gobi Partners, and others. The funding will accelerate PolicyStreet's B2B2C embedded insurance distribution model.
Mastercard Launches BIN Sponsor Plus Program in the UK
Mastercard launched its BIN Sponsor Plus program in the UK, accrediting four founding sponsor banks—Transact Pay, PSI Pay, IDT Financial Services, and Edenred Payment Solutions. The program provides enhanced standards, training, and ecosystem access to support fintech card programs. It accelerates market entry for fintechs that lack full issuer licensing.
Thread Bank Raises $30.5M to Scale Embedded Banking and Digital Branch Model
Thread Bank closed a $30.5 million funding round to accelerate its embedded banking and digital branch model. The bank now manages over $2 billion in partner deposits and achieved more than threefold growth in embedded deposits between January 2024 and October 2025. The raise underscores investor confidence in the sponsor bank model despite recent regulatory scrutiny across the sector.
Thrivory Raises $3.5M and Launches ThriveNow Healthcare Payments API
Thrivory raised $3.5 million alongside the launch of its ThriveNow API, designed to address healthcare cash-flow issues by accelerating insurer reimbursements. The API-first product embeds financial infrastructure into healthcare provider workflows to speed up payment cycles.
SBS Launches Next-Gen Open Banking Platform Supporting Wero and PSD3
SBS unveiled its next-generation SBP Open Banking Platform, a cloud-native SaaS orchestration layer for banks supporting embedded finance, Wero digital payments, cards, and accounts via open banking standards. The platform supports PSD3 compliance and serves over 1,500 financial institutions across Europe, accelerating digital transformation and regulatory readiness.
ABN AMRO and Techstars Launch 2025 Future of Finance Accelerator Class
ABN AMRO and Techstars launched the 5th edition of their Future of Finance Accelerator in Amsterdam, selecting nine early-stage European fintechs from over 520 applicants. The program focuses on embedded finance, AI, decentralized finance, and financial health. Startups receive three months of in-person mentorship, go-to-market support, and funding connections.
Gemba Joins JPMorgan Chase Fintech Forward Accelerator in September 2025
Gemba joined JPMorgan Chase's 12-week Fintech Forward Programme in September 2025, an accelerator providing early-stage fintechs with mentorship, networks, and scaling support. The program targets neobanks and digital finance startups. JPMorgan's involvement signals continued big-bank investment in fintech ecosystem development.
Riyadh-Based Spare Raises $5M for Open Finance Infrastructure
Spare, a Riyadh-based open banking infrastructure startup, raised $5 million in a pre-Series A round. The company enables fintechs and businesses to build financial services through its open finance platform. The funding will accelerate product development and expansion of its API-driven banking infrastructure in the MENA region.
OatFi Raises $24M Series A for Embedded B2B Credit Infrastructure
US-based OatFi secured $24M in Series A funding led by White Star Capital to build API-first embedded credit infrastructure for B2B payments. The platform integrates with AP/AR systems and partners like Unit, Transcard, and Galileo. Proceeds will accelerate product development targeting the $35 trillion US B2B payments market.
Tietoevry Banking Joins Finance Innovation Cluster in Norway
Tietoevry Banking joined the Norwegian fintech cluster Finance Innovation on May 23, 2025. The partnership aims to accelerate innovation, knowledge sharing, and competitiveness in the financial sector. Finance Innovation is a national cluster supported by Innovation Norway, the Research Council of Norway, and SIVA.
Visa Launches Commercial Integrated Partners Program for Embedded Finance
Visa launched its Commercial Integrated Partners program on May 22, 2025, to accelerate embedded finance adoption among fintechs and enterprise software providers. The program provides streamlined API access for integrating commercial payments, virtual cards, and data solutions into business applications. Early partner Car IQ reported the program could save 18-24 months of development time for fleet payment integrations.
FDIC Signals Openness to Fintech Charter Applications Under Acting Chair Hill
The FDIC under Acting Chairman Travis Hill highlighted policy priorities in April 2025 that signal greater openness to fintech banking applications, including industrial bank charters and crypto-related activities. This shift could accelerate the path for fintechs seeking deposit insurance and banking licenses. The announcement is part of a broader deregulatory trend affecting the BaaS and embedded finance landscape.
Mastercard Launches Embedded Virtual Card Program for Commercial Payments
Mastercard introduced an Embedded Virtual Card Number (VCN) program to accelerate virtual card adoption in commercial payments, effective April 1, 2025. Banks and platforms such as ERP systems, expense tools, and working capital providers can integrate VCN technology without direct contracts. The program aims to deliver consumer-like payment experiences in corporate workflows with faster onboarding.
Core10 and PayNearMe Partner to Modernize Loan Repayments via Middleware
Core10 and PayNearMe announced a banking-as-a-platform middleware partnership enabling financial institutions to integrate modern payment options like PayPal, Venmo, and cash at retail locations into their core banking systems. The integration uses Core10's Mesh middleware platform. This deal accelerates deployment timelines to weeks and streamlines reconciliation for banks and credit unions.
FintechOS Launches Evolv AI-Driven Platform for Banks and Insurers
FintechOS launched Evolv, an AI-driven platform update designed to help banks and insurers accelerate digital transformation. The platform features AI automation, personalized customer experiences, and secure AI interactions. It aims to enable financial institutions to modernize their product offerings and customer engagement.
Synapse Bankruptcy Fallout Accelerates Direct Bank-Fintech Partnerships
Coverage in February 2025 detailed how Synapse's April 2024 bankruptcy continues to reshape the BaaS landscape. The middleware provider's collapse left fintech clients and consumers scrambling to recover funds. The fallout is driving the industry toward direct bank-fintech integrations and away from intermediary models.
Adyen and Spendesk Partner to Accelerate Embedded Finance for SMBs
Adyen and Spendesk announced a partnership to develop embedded finance services including business bank accounts and card issuing for medium-sized businesses. Spendesk will leverage Adyen's BaaS platform and banking licenses in the UK, EU, and US to accelerate 2025 product launches. The collaboration enables customized payments including Apple Pay and Google Pay support.
Brightwell Integrates ReadyRemit With Q2 Digital Banking Platform
Brightwell announced integration of its ReadyRemit cross-border payments platform with Q2's digital banking platform via the Q2 Partner Accelerator program. The integration enables financial institutions to offer white-label remittance services directly within their digital banking apps. This provides banks a pre-integrated SDK for cross-border payments without custom development.
Paymentology Partners with Zand Bank to Accelerate Fintech Growth in UAE
Paymentology and Zand Bank announced a strategic referral partnership to provide BIN-sponsorship, virtual IBANs, and Client Money Accounts for fintechs in the UAE. Zand Bank supplies the regulatory infrastructure as the UAE's first fully licensed all-digital bank, while Paymentology contributes issuer processing capabilities. The partnership aims to lower entry barriers for fintechs and startups launching financial services in the region.
Neo Financial Raises $360M to Challenge Traditional Banks in Canada
Canadian challenger bank Neo Financial raised $360M to accelerate growth and position itself as a leading alternative to traditional banks. Notable investors include Shopify founder Tobi Lütke, Slack founder Stewart Butterfield, and Valar Ventures. The round signals strong demand for embedded banking alternatives in Canada.