31 developments from 30 companies: 4 acquisitions, 3 funding, 6 partnerships and integrations, 5 launches, 13 other developments.
Acquired by BNP Paribas; continues to operate independently as a BNP Paribas company
linkedin.comNational Credit Card Processing Group acquired by Merchant Lynx Services. Terms not disclosed.
cbinsights.comRaised Series B-II of $12.28M led by Acrew Capital, Commerce Ventures, HVF Labs, and Walkabout Ventures.
cbinsights.comClosed Series F round of $40.75M led by Chrysalis Investments; simultaneously refinanced existing debt facilities.
taylorwessing.comLaunched charge card in US powered by Stripe, requiring full monthly balance payment
techcrunch.comMyShubhLife announced partnership with Spice Money to offer line-of-credit products to over 10 lakh merchants in Spice Money's Adhikari network via subsidiary Ekagrata Finance.
economictimes.indiatimes.comTim Hortons selects Neo Financial as BaaS partner to launch Tims Credit Card
businesswire.comNook selected Currencycloud to enable payments in 35+ currencies to 100+ countries, integrating via Currencycloud's API directly into its accounts payable platform.
ibsintelligence.comDBS Indonesia partners CARInih SME retail app to implement National Open API Payment Standard (SNAP) via digibank.
open-conversations.orgNets Nordic Smart Financing case study published by Liberis highlighting €300m+ in funding delivered to Nordic merchants since 2019 partnership.
liberis.comCheqly officially launched in the US using Mbanq's BaaS platform, announced via Business Wire and covered by FinTech Futures.
fintechfutures.comBegan offering infrastructure for third-party account and card issuance in Australia
fintechfutures.comEbix, Inc. issued strategic update with clarifications about EbixCash IPO and the March 2023 RBI letter of displeasure to Ebix Payment Services
nasdaq.comNatWest publishes 'Essential Guide to Treasury Payments and Embedded Finance', signalling strategic push into embedded finance for corporates.
natwest.comAnnounced support for the Federal Reserve's FedNow instant payment service
juniperpayments.comProdigy Finance established a $350M lending facility with Citi, Schroders Capital, and SCIO Capital under a new multi-issuance SPV structure.
prnewswire.comCooltra closed a €18M syndicated green loan led by Santander Corporate, with co-lenders COFIDES (€4M via FIEX fund), Institut Català de Finances, Deutsche Bank, Bankinter, and Arquia to expand its electric vehicle fleet internationally.
capital-riesgo.esBBVA published updated General Data Privacy and Protection Policy covering its international group operations.
shareholdersandinvestors.bbva.comIssued ₦750m Series 2 Commercial Paper on FMDQ Exchange (subsequently in credit default, final repayment Dec 6, 2023)
fmdqgroup.comRedeemed ₦100m Series 1 Commercial Paper on maturity
nairametrics.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.
