Search Results for "Branch"
13 results for "Branch"
Deals 12
Branch Named Embedded Finance Platform of the Year at Fintech Breakthrough Awards
Branch Embedded won "Embedded Finance Platform of the Year" at the 10th annual Fintech Breakthrough Awards. The platform provides a full payments lifecycle including cards, payouts, and fraud protection. The recognition highlights Branch's position as a leading embedded finance provider enabling non-banks to integrate financial services.
Thread Bancorp Raises $30.5M to Expand Embedded Banking Platform
Thread Bancorp, an embedded banking and digital branch provider, raised $30.5 million to expand its platform. Thread Bancorp operates a model closely aligned with Banking-as-a-Service, enabling brands to offer banking products. The round positions the company to scale its embedded banking infrastructure amid growing demand for BaaS solutions.
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.
Branch Launches Branch Embedded for Workforce Payments and Banking
Branch launched Branch Embedded, a fintech platform providing pre-built embedded banking accounts, cards, and payments for workforce and gig economy use cases. The platform enables vertical SaaS platforms and gig marketplaces to integrate Earned Wage Access, 1099 payouts, and paycard options. Banking services are powered by Evolve Bank & Trust and Lead Bank.
Branch Partners with Lead Bank to Expand Workforce Payments Platform
Branch added Lead Bank as a new strategic banking partner and card issuing sponsor for its workforce payments platform. Lead Bank, a state-chartered FDIC member bank with a BaaS platform, will support Branch's digital banking accounts, debit cards, and white-label payment products. The partnership enables Branch to scale across hospitality, gig platforms, staffing, construction, logistics, and agriculture.
HKMA Advances Open API and Fintech Promotion Roadmap at FinTech Week 2023
The Hong Kong Monetary Authority announced expanded Open API initiatives during FinTech Week, including centralized datasets on bank branches and ATMs from 20 retail banks. HKMA also unveiled a Fintech Promotion Roadmap covering Wealthtech, Insurtech, AI, and DLT. These moves standardize banking APIs via the Hong Kong Association of Banks to support third-party innovation.
Byline Bancorp and Inland Bancorp Announce $165M Merger Agreement
Byline Bancorp and Inland Bancorp signed a definitive merger agreement valued at approximately $165 million in cash and stock. The deal combines two Chicago-area community banks into an entity with $8.5 billion in assets and 47 branches. The merger emphasizes expanded digital banking capabilities and was expected to close in Q2 2023.
Figure Technologies Announces Merger with Homebridge Financial Services
Fintech Figure Technologies announced a merger with mortgage lender Homebridge Financial Services, combining Figure's Provenance Blockchain platform with Homebridge's $25 billion+ loan origination capabilities and 180 retail branches. The deal aims to enhance lending efficiency and expand Figure's reach into physical banking infrastructure.
Citizens Financial Acquires Investors Bancorp for $3.5B in BaaS-Related M&A
Citizens Financial Group announced an agreement to acquire Investors Bancorp, Inc. for $3.5 billion in stock and cash. Investors Bancorp had served as a sponsor bank for fintechs needing charter access, making this a significant BaaS-related acquisition. The deal adds $27 billion in assets and 154 branches across the NYC, Philadelphia, and New Jersey markets.
NCRC Opposes Monzo's US Bank Charter Application at OCC
The National Community Reinvestment Coalition submitted comments opposing Monzo's OCC bank charter application, citing inadequate CRA plans and fair lending commitments. Monzo had applied in April 2020 for a US national bank charter. NCRC argued a branchless fintech model lacked sufficient national reach for LMI communities and recommended rejection.
Mansa Bank Launches as Branchless Digital Bank Powered by SBS Software
Mansa Bank opened in January 2020 as a branchless, digitally-focused bank with technology support from SBS software. The bank offers personal and business checking and savings accounts, loans, mortgages, and credit cards. The launch exemplifies the trend of new digital banks built on third-party banking software platforms.
VP Bank BVI Adopts Appway and FINFOX White-Label Fintech Tools
VP Bank's British Virgin Islands branch adopted white-label fintech tools from Swiss providers, including Appway for digital client onboarding and FINFOX for investment advisory. The move reflected banks turning to fintech partners for technology modernization. VP Bank leveraged these tools to enhance client experience without building proprietary systems.