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The FTC reached an $18 million settlement with LendingClub over charges that the company misrepresented fees to consumers. LendingClub agreed to pay the amount to resolve claims of deceptive practices...

LendingClub, a digital marketplace bank, partnered with Pagaya to acquire intellectual property assets from Tally Technologies, a defunct credit card debt management fintech. The deal enhances Lending...

... infrastructure while Moneyou offered the branded customer-facing experience. The deal exemplified the growing trend of established banks leveraging fintech partners for digital lending.

APX Lending launched a Bitcoin-backed lending platform in August 2023, offering a B2B SaaS solution that enables banks and financial institutions to expand their lending offerings via crypto-collatera...

Ally Lending announced a partnership with Sezzle to offer retail lending options to consumers. The deal pairs a bank-backed lender with a BNPL-style fintech, extending embedded finance into point-of-s...

CreditSnap partnered with Tresl to offer a white-label lending and account-opening platform called BankingAmplified for banks and credit unions. The turnkey solution combined pre-qualification technol...

Customers Bank tapped Funding Circle to power a Lending-as-a-Service platform, announced November 14, 2023. The partnership enables Customers Bank to leverage Funding Circle's technology for embedded ...

...stablishing that a national bank is the true lender when it is named as lender in the loan agreement or funds the loan. The rule clarifies the legal framework for bank-fintech lending partnerships, re...

Lentra, an AI-based lending SaaS platform serving banks, raised $60M in a Series B round led by Bessemer Venture Partners with participation from Susquehanna and Citi Ventures. The company provides em...

LendAPI joined the American Fintech Council after launching infrastructure-first embedded finance capabilities. The company offers modular APIs for lending, banking, and digital wallet solutions aimed...

LendingClub Corporation completed its acquisition of Radius Bancorp, a digital bank that served as a sponsor bank for fintechs. The deal created the first publicly traded U.S. neobank and full-spectru...

Oikocredit led a $10 million equity-and-debt seed round for YoFio, a Mexican fintech offering digital lending to micro-entrepreneurs. The funding will expand YoFio's platform as an alternative to trad...

Citizens Bank's small business digital lending platform, built in collaboration with Fundation Group LLC, was recognized with an industry award for partnership innovation. Fundation provides digitally...

Wisetack, a pay-over-time financing platform for home services, raised $25 million from Trinity Capital. The funding supports expansion of its embedded lending product that enables service businesses ...

NatWest became the first bank to launch on Finastra's Fusion LenderComm, a blockchain-based platform built on R3's Corda for syndicated lending. The integration enables real-time position reporting an...

ConnectOne Bancorp, parent of ConnectOne Bank, completed its acquisition of BoeFly, a New York/Boston-based fintech focused on small business lending platforms. The deal represents a bank acquiring fi...

Hank Payments Corp., a North American fintech SaaS and BaaS platform, entered a customer origination program agreement with sponsor bank FinWise Bank. The partnership enables Hank users to manage loan...

Citi Ventures invested in Defacto, a European embedded lending fintech, as the continent's embedded finance market approaches $24.2B. The investment signals major bank interest in embedded B2B lending...

Jaris emerged from stealth mode announcing a $31M Series B funding round and launching its Credit-as-a-Service platform. The platform enables payments and software companies to offer branded lending, ...

USAA launched a limited-time pilot with veteran-focused fintech StreetShares to offer small business lending to its members. The partnership addresses unmet demand among USAA's member base for small b...

Berlin-based Banxware raised €10 million to scale its lending-as-a-service platform across European markets. The company planned to launch white-label merchant cash advance solutions with leading paym...