34 developments from 33 companies: 4 acquisitions, 4 funding, 9 partnerships and integrations, 7 launches, 2 licences and regulators, 8 other developments.
XTM Inc. closed its acquisition of QRails Inc., formally integrating the issuer processor into XTM's EWA business.
xtminc.comAcquired fintech startup Denario to consolidate document and payment workflow.
fintechfutures.comRaised $3.7M (seed + debt) from Inventure and Business Finland, announced European expansion into Sweden and Spain.
fintech.globalSumUp raises US$100M credit facility from Victory Park Capital to fund expansion of SumUp Cash Advance product.
fintechmagazine.comRolled out new Visma open-banking bank integration after period of connectivity issues.
rompslomp.nlLaunched Pay Over Time B2B installment product powered by Credit Key (up to $50k, 12 months).
americanbanker.comSigned partnerships with Giftbit, Vivian, and Whistle for embedded finance products in employee benefits, healthcare, and loyalty
finextra.comSecond Avenue Capital Partners closed a $12M revolving credit facility with ThirdLove.
sacp.comOutdoorsy launched the $30M Oasis Fund to finance safari glamping tent purchases for entrepreneurs, in tandem with investors and banking partners.
prnewswire.comEnacomm announced executive appointments, per CBInsights news summary referencing executive hires across identity verification and biometrics sector.
cbinsights.comStrategic investment from BRI Ventures and Mandiri Capital; BRI to offer digital banking and lending in Bukalapak
asianbankingandfinance.netEach 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.
