33 developments from 32 companies: 5 acquisitions, 1 funding, 11 partnerships and integrations, 4 launches, 12 other developments.
Travelers announced acquisition of Corvus for ~$435M. source
Nasdaq completed acquisition of Adenza (combining AxiomSL and Calypso Technology) for $10.5B, making it one of the largest fintech acquisitions of the year.
nasdaq.comCrastorehill (majority owned by Finch Capital) acquired Ndgit alongside Qwist (formerly Finleap Connect); Matt Colebourne appointed CEO of Crastorehill.
openbankingexpo.comClosed $7.5M pre-Series A ($4M equity led by Yara Growth Ventures + $3.5M debt from Addem Capital and Co_Capital).
verqor.comFroda and Ageras initiate strategic partnership empowering SME financing across Europe
arcticstartup.comi2c announced expanded partnership with Payfare to support international expansion into Canada and the UK for faster gig worker payouts.
fintechfutures.comWise Platform partnership announced to enable cross-border cashback payouts for travelers directly into local bank accounts via the Agoda app.
newsroom.wise.comBank told investors it will 'reduce sub-partner exposure to a limited number of core BaaS partners'; began trimming ~a dozen of its ~50 fintech partners.
fintechfutures.comPartnered with Vertex so US merchants can automate global tax calculation and compliance.
thepaypers.comJCB International expanded its partnership with Stripe to enable JCB card acceptance for Stripe's e-commerce merchants in Europe, Singapore, and Hong Kong.
global.jcbEndava expanded its partner ecosystem with open banking provider Salt Edge.
open-conversations.orgSuits Me announced a partnership with Jumio for automated end-to-end identity verification to allow customers without traditional banking documents to open accounts in minutes.
finextra.comCheqly announced integration of Socure for client verification, enhancing KYC and identity fraud protection.
cheqly.comCover Genius and SAS announced an exclusive embedded travel protection partnership powered by the XCover platform, covering 25 European countries and the US.
insurtechdigital.comMFS Africa officially rebranded to Onafriq, launching new brand identity reflecting omni-channel platform positioning.
onafriq.comLaunched bill-payment and e-invoicing tools for small-business cash-flow management in the UK.
pymnts.comLaunched new generative AI tools for financial institutions to drive efficiency and improve customer experience.
financialit.netPenn Entertainment rebranded Barstool Sportsbook to ESPN Bet after signing a major deal with ESPN; Dave Portnoy reacquired Barstool Sports media brand from Penn for $1.
en.wikipedia.orgCredorax/Finaro fully migrated to Shift4 branding; credorax.com privacy and legal pages redirected to shift4.com.
credorax.comFounder Daniel Demetri contributed to QED Investors & Fiat Growth B2B fintech GTM strategy piece
trellisconnect.comHMBradley announced wind-down of consumer deposit and credit card programs as of November 15, 2023, with all accounts closing December 15, 2023.
fintechfutures.comMastercard and EedenBull announced the Q Business platform for SME card and spend management across APAC, with Mastercard referring the platform to its issuer network.
prnewswire.comSC Ventures and SBI Holdings announce joint digital asset investment firm in UAE with $100M capitalisation
fintechfutures.comCapitalOS announced $39M in funding (equity + debt) led by Group 11 with participation from Upper90, Vera Equity, and Slow Ventures.
blog.capitalos.comPresented on the role of connectivity in the fintech ecosystem at Nigeria Fintech Week 2023.
ipnxnigeria.ngAnnounced French businesses can accept in-person contactless payments via iPhone Tap to Pay.
finextra.comBacked by Techstars ARM Labs Lagos Accelerator with $120K follow-on.
veendhq.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.
