Search Results for "BBVA"
11 results for "BBVA"
Deals 10
Brazil's Neon Raises $300M Series D with BBVA Investment
Brazilian neobank Neon raised $300 million in Series D funding with participation from BBVA. Neon operates as a full-stack digital banking platform in Brazil. The investment reflects continued interest from traditional banks in embedded finance and digital banking infrastructure in Latin America.
PNC Completes $11.6 Billion Acquisition of BBVA USA
PNC Financial Services completed its $11.6 billion all-cash acquisition of BBVA USA, creating the fifth-largest U.S. retail bank with over $550 billion in assets. This was the second-largest U.S. banking acquisition since the 2008 financial crisis. The deal significantly expands PNC's geographic footprint across Sun Belt states.
PNC Acquires BBVA's U.S. Banking Subsidiary for $11.6 Billion
PNC Financial Services agreed to acquire BBVA's U.S. subsidiary for $11.6 billion in cash, creating the fifth-largest U.S. bank by assets at approximately $550 billion. The deal expanded PNC's footprint into key markets including Texas, Alabama, Arizona, and Florida with expected $900 million in annual cost savings.
Google Partners with 11 Banks to Launch Plex Mobile Bank Accounts
Google announced partnerships with 11 banks and credit unions to launch Plex, a mobile-first bank account product expected in 2021. Partners include Citi, BBVA, and Green Dot. The initiative represents one of the most significant big tech entries into embedded banking, leveraging Google's platform reach with traditional bank infrastructure.
SolarisBank Raises €60M Series C to Scale European BaaS Platform
German Banking-as-a-Service provider SolarisBank closed an oversubscribed €60 million Series C round led by HV Holtzbrinck Ventures. New investors include Vulcan Capital, Samsung Catalyst Fund, and Storm Ventures, alongside existing backers BBVA, ABN Amro, and others. The funds will accelerate European expansion, platform development, and regulatory capital strengthening.
Neptune Networks Raises $15M From 13 Major Global Banks
Neptune Networks, a bond market data platform, closed a $15 million funding round backed by 13 major banks including Goldman Sachs, J.P. Morgan, and Citi. The platform provides real-time axe and inventory data via API connectivity. The investment signals banks' commitment to embedded financial data infrastructure.
Solarisbank Raises €30M Series B Extension Led by BBVA
German BaaS provider Solarisbank (now Solaris) raised €30M (~$33M) in a Series B extension led by BBVA and Target Global. The funding scaled its API-based banking infrastructure for lending, payments, and cards, with a focus on PSD2 and open banking compliance.
BBVA's U.S. Open Banking Platform Enables White-Label BaaS Solutions
BBVA's U.S. open banking platform continued to gain attention in 2019 as a key example of a traditional bank offering white-label banking-as-a-service. The platform allowed fintechs and non-bank brands to build custom banking solutions on BBVA's infrastructure, representing an early institutional commitment to BaaS.
Visa Launches Fintech Fast Track Program in the U.S.
Visa launched its Fintech Fast Track program in the U.S. on July 31, 2019, enabling fintech startups to integrate with VisaNet more quickly. The program partners with major VCs like Andreessen Horowitz and Ribbit Capital, and includes BaaS providers Green Dot and BBVA Open Platform. It targets fintechs in payments, lending, and money management, offering simplified access to Visa's network, security, and global reach.
solarisBank Raises €56.6M Series B with VISA, BBVA, ABN Amro
solarisBank, a Berlin-based Banking-as-a-Service platform, raised €56.6 million in Series B funding in March 2018. Investors included VISA, BBVA, ABN Amro, and Lakestar. The round underscored growing institutional interest in BaaS infrastructure enabling fintechs, corporates, and banks to embed financial services via APIs.