Search Results for "Rize Money"
2 results for "Rize Money"
Deals 2
Fifth Third's Newline BaaS Platform Wins Most Innovative Financial Institution Award
Newline by Fifth Third, the bank's API-based embedded payments and deposits platform, was recognized as Most Innovative Financial Institution at the This Week in Fintech Awards. The platform was built following Fifth Third's acquisition of Rize Money in 2023. The award highlights Fifth Third's growing role as a BaaS provider offering embedded finance capabilities to fintechs and enterprises.
Fifth Third Bancorp Acquires Rize Money to Boost Embedded Payments
Fifth Third Bancorp announced the acquisition of Rize Money, Inc., a fintech platform providing payment infrastructure and risk management via a single API. The deal strengthens Fifth Third's embedded payments business, which was already growing at double digits with projected annual revenue exceeding $130 million. This positions the bank to serve fintechs and technology companies seeking to offer financial products through their own platforms.