ApideckTapeMonthly recap
← Embedded Finance Index 2026/News/January 2023
January 2023

Embedded finance in January 2023

84 developments from 83 companies: 4 acquisitions, 4 funding, 40 partnerships and integrations, 12 launches, 2 licences and regulators, 22 other developments.

The biggest deals

  1. 1
    Liberis

    Secured €30 million in debt funding for European expansion source

  2. 2
    Finkargo

    Closed $20M Series A led by QED Investors with Nazca and existing investors. source

  3. 3
    Method

    Closed $16 million Series A funding source

Acquisitions 4

Jan 1

Bending Spoons S.p.A. completed acquisition of Evernote and became the legal Processor entity under Evernote's DPA.

evernote.com
Jan 1

Fanatics reported in talks to acquire BetParx sportsbook app from Greenwood Gaming, per CNBC; no deal closed.

pitchbook.com
Jan 1

Acquired SME lending platform Compeon

startbase.com
Jan 1

SBI Group completes strategic acquisition of majority stake in Solaris SE.

crunchbase.com

Funding 4

Jan 1

Raised USD 10 million debt capital from Microvest Capital Management.

timesofindia.indiatimes.com
Jan 1

Secured €30 million in debt funding for European expansion

embeddedfinancereview.com
Jan 1

Closed $20M Series A led by QED Investors with Nazca and existing investors.

finkargo.com
Jan 1

Closed $16 million Series A funding

finsmes.com

Partnerships and integrations 40

Jan 1

Enacomm partnered with IDmission, a biometric AI technology company, to integrate biometric identity verification into its platform.

ibsintelligence.com
Jan 1

Partnered with Falcon to tap into embedded finance market

thepaypers.com
Jan 1

Amadis partners with Payplug to deliver a NEXO standards-based SoftPOS application for in-store payments.

ibsintelligence.com
Jan 1

Launched Typeform AI feature powered by OpenAI and Amazon Bedrock (Anthropic Claude), disclosed via AI Services terms page.

typeform.com
Jan 1

Partnered with Cable for financial crime compliance automation

thepaypers.com
Jan 1

Vodafone Fiji extended partnership with Paymentology to issue Mastercard digital-first debit cards via M-PAiSA app.

essential-reading.com
Jan 1

tZero and Wazuzu announced a partnership to create a path to continuous liquidity for NFTs and other digital securities.

ibsintelligence.com
Jan 1

Lithic publicly named Stearns Bank as its sponsor bank partner to strengthen card issuing infrastructure.

ibsintelligence.com
Jan 1

Societe Generale selected iGTB for its Liquidity Management Solution.

ibsintelligence.com
Jan 1

Selected as supplier for Crown Commercial Service pre-paid cards

finextra.com
Jan 1

Networked Banking product launched, offering FDIC sweep coverage up to $125M through partner banks Grasshopper Bank, N.A. and Piermont Bank.

angellist.com
Jan 1

Klarna announced that iBilly's user rates soared after the company partnered with Klarna Kosma for open banking connectivity across Europe.

klarna.com
Jan 1

Announced partnership with Indonesia-based Bank Mayapada for digital onboarding through eKYC and digital solutions suite.

ffnews.com
Jan 1

Partnered with HomeToGo for embedded protection in short-term rentals

covergenius.com
Jan 1

E9pay and Shinhan Bank announced a partnership to promote overseas remittance services.

ibsintelligence.com
Jan 1

nbkc bank announced a BaaS partnership with Acorns, providing banking services for the Acorns Checking product and card issuance.

nbkc.com
Jan 1

Ingenico partnered with Cover Genius to offer embedded insurance at in-store point of sale via Ingenico terminal infrastructure.

ingenico.com
Jan 1

TrueLayer and WealthOS announced a partnership to enable instant bank payments in wealth management products via open banking payment initiation.

ibsintelligence.com
Jan 1

Purpl partnered with Mambu to facilitate money transfers to Lebanon, as reported by IBS Intelligence.

ibsintelligence.com
Jan 1

VTB and Skolkovo Ventures announced a partnership to transform the digital assets sector in Russia.

ibsintelligence.com
Jan 1

Fingerprints partnered with STMicroelectronics to deliver a biometric system-on-card solution, combining Fingerprints' biometric software with STMicro's secure microcontroller hardware.

ibsintelligence.com
Jan 1

Currencycloud published a case study naming Growth Lending as a customer, detailing how the partnership replaced a fragmented multi-bank payment process with a single streamlined platform.

currencycloud.com
Jan 1

Caxton announced integration with Xero accounting platform, enabling automated payroll payments and transaction sync.

caxton.io
Jan 1

CRIF partnered with iwoca to deliver open banking-powered instant lending to UK SMBs.

ffnews.com
Jan 1

Endava joined Stripe's Partner Ecosystem as a key strategic partner.

investors.endava.com
Jan 1

Orka Ventures and Enfuce announce partnership to launch the Orka Card consumer lending card across European markets.

thefintechtimes.com
Jan 1

Solid partnered with Arroweye Solutions for card fulfillment needs.

ibsintelligence.com
Jan 1

SGX partnered with Cassini Systems to help market participants prepare for Uncleared Margin Rules (UMR) compliance, enhancing pre-trade margin analytics on the exchange.

ibsintelligence.com
Jan 1

Alloy publicly partners with Kyckr to streamline KYB checks for global companies, embedding Kyckr's registry data into Alloy's identity decisioning platform.

ibsintelligence.com
Jan 1

ForwardAI and FIFO Capital partner to enhance loan underwriting process using ForwardAI's accounting data API.

ibsintelligence.com
Jan 1

CrowdHealth integrated Breez Wallet and partnered with Swan Bitcoin for cryptocurrency payment options.

leadiq.com
Jan 1

SCB selected BPC to elevate its digital banking experience in Vietnam.

ibsintelligence.com
Jan 1

Kiatnakin Phatra Securities announced partnership with Nasdaq for Trade Surveillance to enhance market integrity in Thailand.

nasdaq.com
Jan 1

Crédit du Maroc selected Temenos to power its digital transformation, as reported by IBS Intelligence.

ibsintelligence.com
Jan 1

Hokodo and Lemonway announced strategic partnership to enable B2B BNPL and trade credit on European B2B marketplaces.

hokodo.co
Jan 1

Ola Financial Services ceased new lending through Avail Finance app and announced integration of services into Ola Money.

economictimes.indiatimes.com
Jan 1

Candis launched its own Visa corporate credit cards powered by Pliant's white-label card platform; CEO Christian Ritosek cited doubling of customer card spend within a year.

getpliant.com
Jan 1

Balance and Mirakl announced a partnership to power online B2B marketplace payment experiences.

ibsintelligence.com
Jan 1

Backbase launched Grand Central ITS as the banking industry's first fully managed Integration Platform-as-a-Service (IPaaS) with out-of-the-box connectors for banking APIs.

ibsintelligence.com
Jan 1

Monex USA and TKambio USA announced a referring partnership for B2B international payments.

monexusa.com

Launches 12

Jan 1

NatWest launches protection product suite (life insurance, critical illness cover, over-50s life insurance) underwritten by Aviva.

covermagazine.co.uk
Jan 1

Sparkassen-Card Plus Gewerblich (debit+credit line for SME customers) launched network-wide.

sparkasse-oberpfalz-nord.de
Jan 1

Launched Tradeteq Connect to enhance core trade distribution capabilities, covered by IBS Intelligence.

ibsintelligence.com
Jan 1

Clearpay launched the Pulse loyalty programme rewarding on-time payers with benefits.

ibsintelligence.com
Jan 1

IIFL Finance launched business loans up to $1M accessible via WhatsApp, reported by IBS Intelligence.

ibsintelligence.com
Jan 1

SentBe officially launched its cross-border money transfer service in the United States, targeting migrant workers and enabling transfers to 50+ countries.

financialnigeria.com
Jan 1

Sabb launched a Shariah-compliant supply chain finance solution, as reported by IBS Intelligence.

ibsintelligence.com
Jan 1

Wolters Kluwer FRR launched OneSumX for Risk Management in China.

ibsintelligence.com
Jan 1

Boku and DAZN launched mobile payments for NTT Docomo subscribers in Japan.

ibsintelligence.com
Jan 1

IBM launched IBM Payments Center – Wire Services on AWS to help financial institutions modernize to ISO 20022.

aws.amazon.com
Jan 1

Cryptomathic launched AWS BYOK Terms and Conditions, formalizing its cloud key management service offering.

cryptomathic.com
Jan 1

Rebranded from Loveheart.ai to Mana; relaunched at makemana.com targeting Australian childcare centres.

makemana.com

Licences and regulators 2

Jan 1

S-Kreditpartner GmbH launched 'FlexiGeld' revolving credit card with Nexi SpA handling technical card processing; GÖRG law firm provided regulatory and contract advice for BaFin authorization.

goerg.de
Jan 1

KFH selected Codebase Technologies to implement a RegTech platform for regulatory compliance and reporting.

ibsintelligence.com

Everything else 22

Jan 1

Microsoft confirmed multi-year, multibillion-dollar investment in OpenAI, reported at up to $10 billion.

news.crunchbase.com
Jan 1

Management Board expanded with appointment of Dr. Benon Janos as CFO and Stephan Simmang as CTO.

flatexdegiro.com
Jan 1

Made $275 million investment bet on embedded finance

americanbanker.com
Jan 1

Swift and Singapore's IMDA join forces to drive global trade digitalisation, connecting trade document networks.

ibsintelligence.com
Jan 1

Monibyte expanded to Mexico in alliance with Banca Afirme, bringing corporate card controls and expense management to Mexican SMBs.

liderempresarial.com
Jan 1

illimity and Apollo announced a strategic joint venture for credit opportunities.

ibsintelligence.com
Jan 1

InvestGlass published guidance on building BNPL products using its platform as compliance and onboarding backbone, signaling expansion into lending workflow orchestration.

investglass.com
Jan 1

Growth Lending Group Limited (GLGL) published consolidated cookie and privacy policies, confirming the BOOST&Co / Growth Lending legal unification under company number 12452128.

growthlending.com
Jan 1

Rebranded corporate identity from 'North American Bancard' to 'North'.

north.com
Jan 1

Acquisition by Global Payments closed; EVO Payments became a wholly-owned subsidiary.

fintechfutures.com
Jan 1

Fireblocks published a customer story detailing how Orbital uses Fireblocks Automation for digital asset custody, saving hundreds of hours monthly and improving transaction security.

fireblocks.com
Jan 1

Yolo Group deployed Fireblocks automation for treasury operations, reportedly saving 50–100 hours per month and eliminating manual crypto flows.

fireblocks.com
Jan 1

Taxes+ feature released, enabling family tax filing directly within the Zeta app.

askzeta.com
Jan 1

PayEm announced $220M in equity and credit financing ($20M Series A equity, $200M warehouse credit) from Viola Credit, Mitsubishi Financial Group, and Collaborative Fund to fund credit card operations and global expansion.

techcrunch.com
Jan 1

Expanded BaaS capabilities

finextra.com
Jan 1

Published first Modern Slavery Statement covering reporting period 1 July 2022 – 30 June 2023.

modernslaveryregister.gov.au
Jan 1

Clear Haven Capital provided OneBlinc with a $100M credit facility to fuel portfolio growth and refinance existing debt.

abfjournal.com
Jan 1

Mastercard and Lloyds Bank team up for open banking checkout solution.

ibsintelligence.com
Jan 1

MUFG tapped Broadridge for loan tracking and reporting technology.

ibsintelligence.com
Jan 1

eftpos (AP+) collaborated with Australia Post to pilot connectID, a digital identity verification service.

ibsintelligence.com
Jan 1

TradeStation Securities became the first US broker to offer options trading directly on TradingView's platform.

ffnews.com
Jan 1

CIBC Innovation Banking provided a corporate debt financing package to Artlogic to support R&D expansion.

business-money.com

Where this comes from

Each item is a dated development on the dossier of a company the Index tracks, linked to its announcement where the dossier recorded one. It is not every embedded finance announcement of the month. Deals between two tracked companies are listed once. Kinds are assigned from each announcement’s wording, and deals are ranked by the amount raised or paid, where disclosed.

Analysis
All companies A–ZThe network isn't the only rail anymoreMoney-movement railsBank charter applicationsHow banks sell embedded financeEarly-stage companies to watchConsortiums & alliancesMonthly recap
Leaderboards
Sponsor banksBaaSCard issuingKYC / compliance
Regions
USUKEU
By theApideck research team— the unified API platform behind this news archive.