Search the BaaS market.

US · Federal Reserve Board (primary); FDIC (insured)

ID · Multiple (Indonesia, Singapore, Philippines)

US · FDIC (insured); Iowa state charter

UK · NatWest banking licence (PRA/FCA regulated)

EG · Central Bank of Egypt (CBE)

US · OCC; FDIC (insured)

SG · Multiple (80+ licenses globally)

US · N/A — payment facilitator

QA

US · N/A — Technology Provider

US · N/A — Technology Provider

FinCEN assessed an $8 million civil money penalty against CommunityBank of Texas (CBOT) for willful AML program deficiencies spanning 2015–2019. The bank received a $1 million credit for a prior OCC p...

The Bank of Lithuania revoked Foxpay's electronic money institution (EMI) license on November 22, 2024, for laundering approximately €17 million between 2023-2024 and bribing AML officers.

BCB Resolution 589 requires all PIX participants to implement self-service MED (fraud recovery) functionality in their apps by October 2025, with MED 2.0 planned for February 2026 enabling tracing and...

The California DFPI joined seven other states in a multi-state action against Nexo for offering its Earn Interest Product as unregistered securities via crypto deposit accounts. The desist and refrain...

The FCA placed restrictions on Nexus Independent Financial Advisers and Nexus Investment Managers on January 25, 2023, halting regulated activities and asset access due to concerns over unauthorized f...

NYDFS settled with Paxos Trust Company, imposing a $26.5 million penalty for inadequate due diligence on a former partner and systemic AML program failures. Paxos agreed to invest $22 million in compl...

Turkey's TCMB suspended and then fully revoked the electronic money institution (EMI) license of PayFix amid an investigation into illegal gambling and money laundering. Executive arrests and asset se...

The Reserve Bank of India fined Shree Laxmi Co-operative Bank Ltd. ₹2 lakh on May 27, 2026, for shortcomings in KYC compliance.

UK fintech Modulr opened its first office outside London in Edinburgh during Fintech Fortnight, following a £10.5m funding round. The expansion supports its embedded payments platform offering API acc...

The AA partnered with NatWest Boxed, NatWest's Banking-as-a-Service platform, to launch own-brand instant access savings accounts and personal loans. This marks NatWest Boxed's first known commercial ...

...gital business banking platform in the US, offering free checking accounts and debit cards for startups and small businesses. The service is white-labeled through a partnership with Middlesex Federal ...

Brex launched Brex Embedded, an API-driven payments platform enabling B2B software vendors to integrate virtual corporate cards for global payments without handling underwriting or credit risk. The pl...

WEX partnered with Extend to embed virtual card payments into SAP Concur Invoice for accounts payable automation. The integration lets WEX corporate card customers generate and settle vendor payments ...

nCino acquired Sandbox Banking, a technology integration platform, for $52.5 million. Sandbox Banking provides API-based connectivity tools that help financial institutions integrate fintech solutions...

The U.S. House of Representatives passed H.R. 1426, the Federal Savings Association Charter Flexibility Act of 2017, allowing federal savings associations to exercise national bank powers without conv...

Canadian fintech Zūm Rails partnered with Fiserv to expand its embedded payments platform into the US market. The partnership enables embedded AP/AR and payment processing for US businesses via Fiserv...

Fence raised a $20M Series A led by Galaxy Ventures to automate asset-backed financing workflows. The platform replaces fragmented servicing stacks with real-time facility rule enforcement. Fence coun...

Mastercard expanded its Engage platform to enable technology integrations for issuers, merchants, and IoT device manufacturers. The platform supports capabilities including digital wallets, tokenizati...

MoonPay acquired Dawn Labs, an AI and financial markets research lab, on May 11, 2026. The deal brings Dawn's team into MoonPay, with founder Neeraj Prasad becoming Chief Engineer of MoonPay Labs. Moo...

UK-based BaaS and payments provider Contis entered a landmark partnership with fintech Wirex to enable everyday spending of converted cryptocurrencies. Virtual Visa cards launched on March 20, 2018, w...

First Citizens Bank and Sixth Street launched Sixty-First Commercial Finance, a joint venture platform providing equipment financing between $5 million and $100 million. The platform targets mid- and ...

Moorwand, an FCA-regulated electronic money institution, expanded its Banking-as-a-Service platform through a partnership enabling fintechs and payments firms to offer embedded digital banking service...

Airwallex raised $80 million to scale its cross-border payments infrastructure platform. The company provides API-driven FX and payment rails that enable businesses to move money internationally. The ...

Railsr (formerly Railsbank), a UK and Europe-based BaaS provider, secured $21M in debt financing from Leadenhall Capital. The funding supports the company's global expansion plans. While not equity fu...

... banking fintech Swan raised €42 million in additional Series B funding in January 2025. The round brings Swan's total equity to €100 million since its 2019 founding. The funds will support expansion ...

Traditional community banks, including First Bank, are increasingly partnering with fintechs through white-label BaaS programs, with some banks maintaining up to a dozen fintech relationships. A Corne...

Crypto firms Paxos and BitPay filed applications with the OCC for national trust bank charters on December 9 and December 8, 2020 respectively. The filings reflect growing fintech interest in obtainin...

Elavon, a U.S. Bank subsidiary, expanded its partnership with embedded finance platform Liberis to launch Quick Capital, a seamless funding solution for small businesses across Canada. Liberis provide...