36 developments from 36 companies: 1 acquisitions, 5 funding, 13 partnerships and integrations, 5 launches, 1 licences and regulators, 11 other developments.
Raised $95M Series E led by Aquiline Capital Partners; used to expand internationally and pursue acquisitions. source
Pesto raised $11M and launched the Pesto Mastercard® issued by Continental Bank — the first asset-backed credit card using physical collateral.
prnewswire.comRaised $95M Series E led by Aquiline Capital Partners; used to expand internationally and pursue acquisitions.
techcrunch.comZip US and InComm Payments announced partnership to enable BNPL-style flexible payments for gift card purchases at retail.
incomm.comStearns Bank N.A. announced a partnership with Sardine to deploy an all-in-one risk management and compliance platform for its sponsored fintech programs.
stearnsbank.comSunlight Financial and Solar Insure announced a strategic partnership to offer homeowners a 30-year monitoring and solar warranty service through Sunlight's installer partner network.
businesswire.comCoinPanel announced partnership with Stripe for payments processing, billing, invoicing, tax, and fraud mitigation; case study published on Stripe's website citing 130K users in 6 months.
stripe.comBank DKI entered partnership with Digiasia Bios to expand digital funding access via supply chain financing and P2P lending.
m.beritajakarta.idTopps Tiles becomes first major UK retailer to offer Open Banking as an in-store payment option via TrueLayer integration for Adobe Commerce.
retailtechinnovationhub.comPartnered with Array to add financial wellness tools to embedded finance platform
finextra.comZara selected Stripe as payments partner for Zara Pre-Owned resale marketplace, using Stripe Connect to move funds between buyers and sellers; platform launched in UK with European expansion planned for H2 2023.
stripe.comCiti Retail Services launched the Citi Pay suite of embedded payment and financing products for merchant partners, including revolving lines of credit and installment loans at checkout.
citigroup.comSafaricom and KCB launched Fuliza ya Biashara overdraft for Lipa Na M-PESA merchants
safaricom.co.keCisco Capital launched the Business Acceleration Program, enabling customers to defer technology payments to 2024.
newsroom.cisco.comEnabled Microsoft Teams business customers to accept payments through its platform
finextra.comGene Creach appointed CEO; Brad Caldwell named President; founder Bill Creach becomes Chairman of the Board.
careficient.comRepositioned from direct fintech lender to inclusive-credit enabler offering credit infrastructure to other lenders.
verdant-cap.comEach 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.