117 developments from 114 companies: 6 acquisitions, 11 funding, 37 partnerships and integrations, 17 launches, 4 licences and regulators, 42 other developments.
Acquired French fintech Shine, which operates at the intersection of bookkeeping and banking.
finextra.comSigned multi-year deal with THG to integrate Frasers Plus BNPL onto THG Ingenuity platform and to acquire THG's luxury goods websites (Coggles, MyBag, Allsole).
thetimes.comShift4 Payments announced acquisition of Revel Systems; Revel now operates as a Shift4 subsidiary with customer agreements issued under Shift4/Revel combined entity.
en.wikipedia.orgRaised $50M Series E at $1.4B post-money valuation, down 30% from $2B 2022 peak; plans for M&A and global expansion.
fintechfutures.comKleiner Perkins led a $14.4M seed round into Fizz, validating its credit-building debit card model for Gen Z.
techcrunch.comNow Money closes $4 million equity round to fund expansion and tech enhancements.
nowmoney.meRaised $100M from Morgan Stanley Tactical Value; CEO reports company is on the brink of profitability and plans to add ~150 employees
fintechfutures.comRaised $20M Series A led by PayPal Ventures and secured $100M debt facility from CIM (Community Investment Management).
techcrunch.comMad Mobile secured $50M in financing from Morgan Stanley Expansion Capital and Bridge Bank.
prnewswire.comLaunched first embedded banking partnership enabling software companies to deliver banking products to customers.
pymnts.comPartnered with Visa to offer Visa Direct in Colombia for P2P payments and fund disbursements.
finextra.comERP provider integrated Pliant's credit card solution for automated bookkeeping and receipt collection.
getpliant.comPartnered with Klarna to offer interest-free payment options across Argos, Habitat, and TU brands.
finextra.comPartnered with Elavon to enable micro/small businesses online payments across 10 European countries.
finextra.comDineo Crédito announced a partnership with Mambu to migrate its core lending system to Mambu's cloud banking platform, aiming to launch innovative lending products in Spain.
mambu.comAir France-KLM partnered with Nium to power closed-loop electronic payments between airlines and selected travel agents via the Nium Airline Payments (NAP) solution.
prnewswire.comExpanded partnership with Compass (Mediobanca) to integrate PagoLight BNPL into XPay e-commerce gateway.
nexigroup.comWolt Capital officially goes live for merchants in Sweden, Poland, Finland, and Denmark following a pilot phase, powered by finmid for revenue-based financing.
retailtechinnovationhub.comAnnounced first embedded banking partnership with Anatomy Financial, Inc., enabling embedded Live Oak banking products within Anatomy's healthcare billing software platform.
investor.liveoakbank.comLocality Bank selected Swaystack to deliver personalized digital onboarding journeys and data-driven customer engagement.
localitybank.comTipHaus announced a partnership with Visa to enable real-time tip payouts for service industry workers.
tiphaus.comPublished RewardPay + Payroc partnership blog focused on offsetting credit card processing fees via surcharging.
fieldservio.comLaunched OnePay digital solution for automated invoice collections integrated with SoftOne ERP.
nbg.grNmbrs Marketplace reached 100+ connected partner integrations across planning, bookkeeping, HR, and spend management.
developer.nmbrs.comCover Genius listed as a Tessitura-integrated ticket protection partner in the community vendor directory.
tessitura.comSynchrony Financial selected Atlanticus as its preferred second-look financing solution for private label credit cards and installment loans across Synchrony merchants, expanding a multi-year partnership.
prnewswire.comPlend launched 'powered by Plend®', an embedded credit API positioned as a sustainable BNPL alternative, enabling partner platforms to embed longer-term consumer credit in under 10 seconds.
finextra.comTriNet announced TriNet Global powered by Multiplier and a curated Marketplace at SHRM Annual Conference 2024.
investor.trinet.comemerchantpay announced strategic partnership with TrueLayer to offer bank-transfer payments as an online checkout option for merchants across the UK and Europe.
ibsintelligence.comLaunched pilot program using pension balances as loan collateral in partnership with Banco do Brasil.
valor.globo.comRoyal Sundaram General Insurance integrated with IRCTC via INSILLION to issue embedded Group Personal Accident policies at scale (up to 640,000 policies in a single day).
insillion.comLoaney published a success story with Powens (formerly Unnax) detailing 5x improvement in onboarding and 4x increase in loans after integrating open banking APIs for customer identification and financial health assessment.
powens.comMarqeta announced expanded partnership with Lydia Solutions to power Sumeria, the new digital banking app, including card issuing and processing across Europe.
businesswire.comBrankas and Global Finteq announced a strategic partnership to launch Lending-as-a-Service platforms in the Philippines, targeting banks, rural banks, and non-traditional financial institutions.
ibsintelligence.comLive Oak Bank announced its first embedded banking partnership with Anatomy Financial, enabling FDIC-insured business deposit accounts embedded within the Anatomy platform powered by Live Oak's Finxact core.
globenewswire.comPublished deep-dive on Oyster AP integration with Oracle NetSuite, targeting enterprise AP automation in LATAM.
yaydoo.comPublished whitepaper (June 24, 2024) detailing Pay-with-Portfolio functionality and investment product architecture including ETF-based saving and card payment integration.
cdn.unitplus.euPYMNTS reported Pipe targeting $100M deployment for embedding working capital solutions into business software platforms, with Victory Park Capital as funding partner.
pymnts.comMastercard partnership expansion to accelerate core banking + payments capabilities
mastercard.comPrada Group announced a formal partnership with Adyen to deliver a unified, omnichannel payment experience across all retail channels in-store and online.
adyen.comLaunched new online banking and mobile app platform, requiring Quicken and QuickBooks users to reconnect Intuit aggregation services.
texastrustcu.orgUnveiled all-in-one payment solution for online travel agents featuring virtual cards, A2A transfers via single API.
ffnews.comLaunched PAYS Advance with Seedflex offering revenue-based financing to Curlec merchants
fintechnews.myZone launched ZonePOS, a decentralized PoS payment gateway built on its regulated blockchain network.
content.zonenetwork.comYelum brand launched at event in Florianópolis; Liberty name permitted through year-end
meioemensagem.com.brLaunched Lattice Payroll with W-4 onboarding, time tracking, payslips, and AI anomaly detection.
prnewswire.comArab Bank released Reflect v2.4 introducing Instant Personal Loans and non-resident account opening; loans range from 300–6,000 JOD at 9% interest over 3–60 months.
jordanpulse.comiFood incorporates Zoop, folds in MovilePay, launches iFood Pago digital bank with 140k accounts.
epocanegocios.globo.comEnfuce launched a new virtual commercial card programme for Síminn Pay equipped with a Deedster CO2 calculator, targeting 14,000 business clients.
ibsintelligence.comBill Harris (ex-PayPal, Intuit, Personal Capital) launches Evergreen Money with the Liquid Treasuries high-yield checking account, FDIC-insured through Coastal Community Bank; the brand later becomes Evergreen.ai.
prnewswire.comLaunched WhatsApp-powered Mama Money Card with Access Bank and Paymentology
paymentology.comADIB UAE launched a 3-in-1 promotional offer for transfers to Egypt with promo code 'Instant-EG', valid through March 2025, supporting diaspora remittance flows.
adib.comSacombank launched biometric (facial) authentication for online transactions exceeding VND 10 million, complying with State Bank Decision 2345/QĐ-NHNN.
sacombank.com.vnEvergreen Money launched the Liquid Treasuries high-yield checking account, offering 5.31% yield via T-Bill sweeps, with debit card and ACH functionality.
pymnts.comFrench employee benefits provider moved from Treezor to Enfuce as payment infrastructure after obtaining its own EMI licence.
ffnews.comQorbis launched a Spend Management Platform specifically for yacht charter financial management, enabling siloed per-charter finances with sub-accounts and automated APA reconciliation.
cbinsights.comSodexo obtains approval of its Binding Corporate Rules from all 27 European data protection authorities, becoming the first company in its sector to achieve this.
sodexo.comInvested in embedded finance provider Alviere for faster wage payouts and wallet solutions.
crowdfundinsider.comExpanded to offer banking-as-a-service enabling customers to provide payment and card services to end users.
thepaypers.comZinia platform offers Apple customers installment payments or 30-day payment deferral in German Apple stores and online.
thepaypers.comMetaco.com website sunset; brand folded into Ripple's digital asset custody product at ripple.com/solutions/digital-asset-custody/.
metaco.comDanish accounting software provider announced intention to pursue more fintech acquisitions (CEO Rico Andersen).
finextra.comSmartStream published a DORA compliance statement, confirming it is identified as a critical ICT provider by several financial entities and holds ISO 27001:2022, PCI-DSS, SOC 1, SOC 2, and SOC 3 certifications.
smart.streamConsors Finanz (BNP Paribas) installment loan financing added to kaufland.de marketplace as new payment method.
ecommercenews.euAdded international payments feature to Kinetic app covering 200+ countries with in-app FX rates.
about.hsbc.co.ukFeatured by Global Seafood Alliance for IoT tooling in Indian shrimp farming.
aquaexchange.comTrinity Capital Inc. committed a $40 million debt facility to Gravie to support growth of the Comfort health plan.
prnewswire.comLiberty Seguros rebranded as Yelum Seguradora in Brazil
talanx.comNamed 'most promising payment and card solution provider' by CIO Review; Orchestra platform highlighted
pcibooking.netGreenphire released next-generation Site Payments technology following multiyear $20M+ R&D investment, surpassing 7.6 million payments in ~80 countries.
businesswire.comSignicat signed a deal with BMW Group to provide digital identity verification and electronic contract signing across 24 countries.
biometricupdate.comPublished updated List of Sub-Custodians, with CACEIS and Citigroup serving as primary custodial infrastructure across multiple global markets.
valu-trac.comOzone Networks, Inc. d/b/a OpenSea filed formal comments to the IRS on draft Form 1099-DA regarding digital asset broker reporting requirements for NFTs.
reginfo.govClosed $100M revolving credit warehouse facility with Watercress Financial (US home improvement lending)
watercressgroup.comTechCrunch feature on Elevate Pay's origin story and pivot from Sudan-focused Bloom to globally available emerging-market fintech.
techcrunch.comEvolve Bank & Trust was implicated in the Synapse Financial Technologies bankruptcy, with the FDIC and Fed scrutinizing its role as custodian bank for fintech deposits; consent order issued by Federal Reserve.
getevolved.com15-year anniversary milestone: ~1B mobile wallets and 500M bank accounts connected
onafriq.comAmazon Canada announced adoption of Visa Flexible Credentials for installment payment plans, per PYMNTS exclusive.
pymnts.comAareal Bank and Advent International agree to sell Aareon to TPG and CDPQ at €3.9B enterprise value
aareon.dei3 Verticals announced definitive agreement to sell merchant-of-record payments business to Payroc WorldAccess for $440 million.
investors.i3verticals.comBradesco submitted LaaS embedded-lending platform to Qorus-Infosys Finacle Banking Innovation Awards 2024.
qorusglobal.comTechCrunch profiled Torpago's strategy of turning community banks into customers, highlighting CEO Brent Jackson's positioning against Fiserv and Finastra rather than Brex and Ramp.
techcrunch.comPaylocity expanded its Finance suite with Accounts Payable Automation software covering invoice capture, PO matching, vendor onboarding, and ERP sync.
paylocity.comCRYPTOMKT S.A. registered as VASP No. 43 in Argentina's CNV Virtual Asset Service Provider registry.
cryptomkt.comZORRZ announced strategic collaboration with Clowd9 to power the BlueAccess Hybrid Credit Card platform, a collateralised virtual credit card with BNPL features targeting underserved populations.
thepaypers.comNumarqe featured in The Global Treasurer discussing embedded credit in working capital, positioning its credit-overlay supplier payments as a treasury tool for mid-market corporates.
theglobaltreasurer.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.
