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Deals 20

SoFi Launches Enterprise Banking Program With Crypto-Native Infrastructure

SoFi launched SoFi Big Business Banking, an enterprise commercial banking program integrating fiat accounts, crypto rails, and its tokenized deposit SoFiUSD for 24/7 real-time money movement. The product uses a 'stablecoin sandwich' approach to enable instant settlements while keeping deposits on SoFi's balance sheet. Initial clients include Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments, and Mastercard.

Apr 3, 2026

Hamilton AI Selects Column as Its Banking Infrastructure Partner

Hamilton AI selected Column as its banking infrastructure partner to power embedded banking integrations within its AI platform. The partnership pairs Hamilton AI's artificial intelligence capabilities with Column's bank-as-a-service infrastructure. This deal reflects growing demand for BaaS rails among AI-native companies.

Apr 1, 2026

Cross River Bank Raises $50M Equity to Scale Embedded Finance Platform

Cross River Bank, via parent CRB Group, raised $50 million in common equity from existing investors including T. Rowe Price Investment Management. The funding will scale its API-driven core banking system (COS) powering embedded finance for over 100 fintech partners. CEO Gilles Gade framed the strategy as "embedded finance 2.0," bundling payments, cards, lending, and crypto on one AI-enhanced platform.

Apr 1, 2026

EDX Markets Applies to OCC for National Trust Bank Charter

EDX Markets Holding Company, backed by Charles Schwab, Citadel Securities, Fidelity Digital Assets, and others, filed an application with the OCC for a de novo national trust bank charter for EDX Trust, National Association. The proposed Chicago-based trust bank would provide digital asset custody, asset management, and settlement services exclusively for institutional clients. The application was made public on April 1, 2026.

Apr 1, 2026

Ualá Raises $195M to Scale Embedded Insurance Across Latin America

Argentine neobank Ualá closed a $195 million equity financing round led by Allianz X, reaching a $3.2 billion post-money valuation. The funds will support Latin America expansion and embedded insurance scaling. This positions Ualá as a major embedded finance player in the LATAM region.

Apr 1, 2026

Uzum Raises Over $130M for Digital Banking and Embedded Payments Platform

Uzum, an integrated e-commerce, digital banking, payments, and lending platform, raised over $130 million from Oman sovereign funds at a $2.3 billion pre-money valuation. The company operates a vertically integrated embedded finance stack. This represents significant sovereign fund interest in emerging market embedded finance infrastructure.

Apr 1, 2026

MANTL Partners with Aloha Pacific FCU for Omnichannel Account Opening

MANTL, an Alkami-powered fintech solution, partnered with Aloha Pacific Federal Credit Union to modernize omnichannel account opening. The collaboration automates KYC/AML processes and reduces onboarding friction, enabling new accounts to be opened in under 5-10 minutes. This supports the credit union's growth strategy and expansion into new markets.

Apr 1, 2026

MrBeast Acquires Youth Fintech Step in Influencer-Banking Deal

YouTube creator MrBeast acquired Step, a youth-focused fintech offering banking products to teens and families. The deal highlights a growing trend of attention-driven distribution strategies intersecting with regulated banking. It signals a new model where influencer reach is leveraged to acquire and scale financial services platforms.

Mar 27, 2026

Real Wallet Wins 2026 Fintech Breakthrough Award for Embedded Finance in Real Estate

Real Wallet won a 2026 Fintech Breakthrough Award for pioneering embedded banking and lending in real estate. The platform integrates financial services directly into property transactions. This signals growing vertical-specific adoption of embedded finance beyond traditional consumer and SME use cases.

Mar 19, 2026

OCC Grants Valt Bank Conditional National Bank Charter for SMB Banking

The OCC conditionally approved Valt Bank's national bank charter on March 13, 2026. Valt Bank is a fintech challenger targeting small and midsize businesses with integrated banking, payments, and credit services. The approval requires Valt to raise at least $25 million in capital within 12 months and launch operations by September 2027. This is the latest in a surge of de novo charter applications from fintechs and digital banks.

Mar 13, 2026

Nordea Bank Linked to Potential Acquisitions of Avanza and Nordnet

Nordea Bank is reportedly exploring acquisitions of digital banks Avanza and Nordnet as part of a fintech-driven M&A wave in the Nordic region. The move would help Nordea adopt digital technology and counter competition from fintechs like Lunar, Klarna, and Revolut. This reflects a broader 2026 trend of traditional banks acquiring digital-first competitors.

Mar 1, 2026

OCC Finalizes Rule Clarifying Digital Asset Custody for National Trust Banks

The OCC finalized a rule on February 27, 2026, clarifying permissible non-fiduciary activities for national trust banks, including digital asset custody. The rule does not impose moratoriums and supports ongoing fintech and crypto charter applications. This provides greater regulatory clarity for BaaS and embedded finance providers leveraging trust bank structures.

Feb 27, 2026

Modern Treasury Launches Payments PSP Unifying Fiat and Stablecoin Rails

Modern Treasury launched its Payments PSP, unifying fiat payment methods (ACH, wire, RTP/FedNow, push-to-card) and stablecoin payments through a single API. The platform includes KYC/KYB, account opening, and real-time ledger capabilities. It targets marketplaces and fintech apps seeking streamlined money movement.

Feb 18, 2026

ConnectPay Launches In-House Mars Core Banking System

ConnectPay launched Mars, its proprietary core banking system replacing third-party dependencies. The in-house solution provides stable account balances, transaction processing, and payment capabilities. Mars enables faster product updates and greater infrastructure control for ConnectPay's embedded banking services.

Feb 17, 2026

Neo Financial Raises $68.5M to Expand Canadian Digital Banking Platform

Neo Financial, a Canadian digital-first banking and financial products company, raised $68.5M in equity funding. The round supports the launch of a securitization program and continued platform expansion. Neo Financial offers embedded banking products in the Canadian market.

Feb 6, 2026

Incard Raises £10M Series A for Digital Company Financial Platform

Incard, an infrastructure-focused financial platform for digital companies, raised £10M in a Series A round. The platform provides banking and financial tools tailored to digital-native businesses. The funding highlights demand for specialized embedded finance infrastructure.

Feb 6, 2026

Varo Bank Raises $123.9M Growth Round for Digital Banking Platform

Varo Bank, a US digital banking platform with its own bank charter, raised $123.9M in a growth round. The funding supports continued development of its consumer digital banking services. Varo is one of the few fintechs to hold a national bank charter, making this raise notable for the BaaS landscape.

Feb 6, 2026

b1Bank Partners with Covecta to Deploy AI Agents for Banking Operations

Louisiana community bank b1Bank partnered with UK fintech Covecta to implement AI agents that automate deposit and loan operations. The system is forecasted to go live approximately eight weeks from agreement. This partnership signals growing AI adoption among community banks.

Feb 1, 2026

US Sponsor Banking Sector Grows Nearly 10% With Over 100 Banks Active

U.S. sponsor banks grew nearly 10% year-over-year, with over 100 banks now active in the space. Success is increasingly tied to selective fintech partnerships emphasizing compliance readiness and recurring revenue. Pathward highlights AI and embedded finance as the next frontier for sponsor banking evolution.

Feb 1, 2026

Anchorage Digital Raises $100M from Tether at $4.2B Valuation

Anchorage Digital raised $100M from Tether at a $4.2B valuation, strengthening its crypto banking infrastructure. Anchorage Digital Bank N.A. holds a federal bank charter and supports stablecoin issuance. The investment deepens the relationship between stablecoin issuers and regulated crypto banking infrastructure.

Feb 1, 2026

Regulatory Actions 1

Registry 20