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40 results for "Cards"

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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

NatWest and Sainsbury's Partner on Embedded Finance via Nectar Loyalty Program

NatWest and Sainsbury's announced a new partnership to deliver embedded financial products—including a co-branded Nectar credit card, instant access savings, and personal loans—to Sainsbury's customers through digital channels and the Nectar loyalty program. Products will be powered by NatWest's Boxed BaaS platform and are expected to launch in the second half of 2026. This is NatWest's third embedded finance partnership following similar 2025 deals with The AA and Saga.

Apr 1, 2026

Mastercard and Scale Partner to Simplify Card Issuance for Fintechs Across Sub-Saharan Africa

Mastercard and Scale announced a collaboration on March 31, 2026, to simplify card issuance enablement for fintechs and non-financial institutions across Sub-Saharan Africa. The partnership covers Senegal, Ivory Coast, Kenya, Zambia, and Zimbabwe, offering a unified integration model that acts as a sponsor bank program. It reduces the complexity of launching virtual and physical card programs by streamlining onboarding, processing, compliance, and access to Mastercard's global payment network.

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

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.

Mar 19, 2026

Fluz Launches Embedded Payment Platform for Software Companies

Fluz launched Fluz Platform, an embedded payment system enabling software companies to integrate payments, wallets, controlled spend, rewards, and disbursements. The low-to-no-code platform supports use cases like employee rewards, creator payouts, and customer rebates. Fluz has processed over $5 billion in payments and maintains SOC 2 Type II and PCI DSS compliance.

Feb 18, 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

Capital One Acquires Fintech Brex for $5.15 Billion

Capital One announced the acquisition of Brex Inc. for $5.15 billion in a cash-and-stock deal. The acquisition targets Brex's corporate card, spend management, and AI-driven expense automation platform. The deal strengthens Capital One's position in business payments and embedded finance for startups and growing firms.

Jan 19, 2026

FIS Completes Acquisition of Global Payments Issuer Solutions Business

FIS completed its strategic acquisition of Global Payments' issuer solutions business in January 2026. The deal strengthens FIS's card issuing and payment processing infrastructure. This consolidation in the issuer processing space has significant implications for banks and fintechs relying on these platforms for card issuance and BaaS capabilities.

Jan 1, 2026

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.

Jan 1, 2026

Fifth Third Bank and Brex Announce Multi-Year Sponsor Bank Partnership

Fifth Third Bank and Brex entered a multi-year sponsor bank partnership enabling Brex's AI-powered finance platform, including commercial cards, for Fifth Third's commercial banking clients. The deal unlocks an estimated $5.6 billion in annual payment volume. This represents a significant embedded finance integration between a major regional bank and a leading fintech.

Dec 9, 2025

Pathward Financial Introduces Evolved Operating Model for Sponsor Banking

Pathward Financial announced an evolved operating model for its sponsor banking business, emphasizing customer-centric alignments. As one of the largest BaaS sponsor banks in the US, this restructuring signals a strategic shift in how Pathward manages fintech partnerships. The move reflects broader industry trends toward more sustainable and compliant BaaS frameworks.

Dec 4, 2025

CommerceOne Acquires Green Dot Bank to Form Sponsor Bank Holding Company

CommerceOne Financial is acquiring Green Dot Bank's charter and ~$5 billion in assets to create a new publicly traded bank holding company. Simultaneously, Smith Ventures is acquiring Green Dot's non-bank fintech operations for $690 million. A seven-year exclusive agreement positions CommerceOne as the sponsor bank for the fintech business. The deals are expected to close in Q2 2026 pending regulatory approval.

Nov 26, 2025

Capital On Tap Closes £500M Securitization for SME Credit Cards

Capital On Tap closed a £500 million asset-backed securitization dubbed 'London Cards 3' to fund its small business credit card operations. The deal provides long-term, scalable funding for the fintech's embedded credit products amid tightening lending conditions.

Nov 21, 2025

Ramp Raises $300M at $32B Valuation for AI Finance Platform

Ramp secured $300 million in primary financing at a $32 billion valuation. The funding will enhance Ramp's AI-powered financial operations platform. Ramp provides corporate cards, expense management, and financial automation tools embedded into business workflows.

Nov 21, 2025

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.

Nov 20, 2025

Standard Chartered Becomes Sponsor Bank for DeCard Stablecoin Credit Card

Standard Chartered became the principal banking partner for DCS Card Centre's DeCard stablecoin credit card, providing transaction banking, settlement, and liquidity services. DeCard originally launched in May 2025 with Visa. This sponsor bank arrangement enables stablecoin-backed consumer card payments on traditional rails.

Nov 1, 2025

nbkc Bank Partners with Interchecks for Instant Push-to-Card BaaS Payments

nbkc bank, a BaaS sponsor bank, partnered with Interchecks to integrate instant push-to-card payment capabilities into its platform. The partnership enables real-time, compliant disbursements for fintechs and non-bank clients. This expands nbkc's BaaS service suite with faster payout infrastructure.

Oct 23, 2025

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