38 developments from 38 companies: 2 acquisitions, 5 funding, 8 partnerships and integrations, 8 launches, 1 licences and regulators, 14 other developments.
Acquired GCS International, expanding the group's portfolio of financial services businesses.
grupopopular.comRisevest acquired Chaka in undisclosed deal; Chaka continues to operate separately.
techpoint.africaRaised $34.5M Series B led by Framework Venture Partners, with EDC and ATB Financial.
techcrunch.comClosed $40M Series C led by Morpheus Ventures; targeting profitability in 2024
fintechfutures.comAnnounced $25M Series B led by Edison Partners, reinforcing position as country's largest ICHRA administrator.
prnewswire.comClosed $15M equity round led by TruStage Ventures with Rockefeller Asset Management participation.
businesswire.comSpice Money partnered with Israel's Tarya Fintech to launch a specialized rural lending platform for dairy merchants in India.
ibsintelligence.comMiFinity integrates Cryptopay to enable cryptocurrency funding and withdrawal for its eWallet customers.
ibsintelligence.comEmirates NBD Innovation Fund made a strategic equity investment in Komgo, a blockchain-based trade finance platform.
wam.aeEnvestnet hosted webinar on Cash & Credit Solutions for RIAs, featuring Advisor Credit Exchange and UBS partnerships.
envestnet.comCover Genius announced strategic partnership with Volaris to embed travel protection (medical, baggage, cancellation) via XCover at point of booking.
beinsure.comiGTB officially launched iGTB Copilot, an AI-based Commercial & Corporate Banking Suite, integrating Microsoft Azure OpenAI Service for commercial banks.
ibsintelligence.comPan-European strategic partnership announced with Viva.com to power Petit Bateau's Store+ omnichannel in-store and online payment solution.
viva.comLaunched Business Now, Pay Later™ enabling financial institutions to offer B2B installments to SMEs.
buzz.episodesix.comSurpassed $200M in financed merchandise; launched Verifica and Analiza products.
finkargo.comIndustrial Bank (兴业银行) Beijing branch launched 'Xing Speed Loan (Xiaomi Exclusive)' product for Xiaomi dealers, offering up to ¥5M unsecured credit lines.
finance.sina.com.cnLaunched invoice financing and an embedded credit-control feature in the UK (via Satago).
satago.comBNY Mellon launched Bankify in strategic alliance with Trustly for open banking pay-by-bank payments with guaranteed ACH settlement.
bny.comCastlelake provided warehouse financing to Cherry Technologies to fund ongoing installment loan originations.
castlelake.comBonobos sold by Walmart to WHP Global and Express, Inc. for $75 million; now operates as Express BNBS Fashion, LLC.
bonobos.comTravelex completed £90M five-year refinancing to repay £50M term loan, redeem £12M New Money Notes, and fund growth investment.
travelex-corporate.comSofidel and Crédit Agricole Italia closed a medium- to long-term sustainability-linked loan tied to environmental and social KPIs.
sofidel.comHDFC Bank announced rollout of Credit on UPI product, leveraging pre-sanctioned credit lines for customers, alongside ICICI Bank.
forbesindia.comWEX published a case study detailing Smart AutoCare's deployment of WEX payment automation for AP/claims payments, noting 7,000+ monthly claims and $5.5M average monthly payouts automated through the platform.
wexinc.comSBI Remit/VC Trade/Ripple Asia expand XRP-based international money transfer service to Philippines, Vietnam, Indonesia
sbigroup.co.jpPCBancard recognized as Business of the Month by the Rockport-Fulton Chamber of Commerce.
leadiq.comStearns Bank joined Synctera's sponsor bank community to expand BaaS line of business.
stearnsbank.comTugende and Warbler Labs (Goldfinch) reached an agreement in principle to restructure the defaulted $5M decentralized loan.
techcrunch.comChangi Pay enabled Alipay+ payments for Singapore residents travelling to China, via collaboration between CAG, Liquid Group, and Ant Group.
dfnionline.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.