121 developments from 116 companies: 5 acquisitions, 20 funding, 39 partnerships and integrations, 11 launches, 2 licences and regulators, 44 other developments.
Mastercard announced $2.65B acquisition of Recorded Future (threat intelligence) from Insight Partners. source
$34.5M Series C announced; cumulative funding reaches $76.6M equity + $240.9M debt source
Mastercard announced $2.65B acquisition of Recorded Future (threat intelligence) from Insight Partners.
news.crunchbase.comTabby announced definitive agreement to acquire Tweeq at 24 Fintech Saudi Arabia.
thefinrate.comSumma Equity acquired NetGuardians to create next-generation financial crime solutions, combining it with Intix.
summaequity.comZepz acquired Pomelo (SF-based fintech, cards/lending/credit-building, Philippines focus) to expand credit services for cross-border communities under the Sendwave brand.
linkedin.comRaised $100 million in equity funding; hotel-focused provider offering payment and lending products.
pymnts.comRaised $10M preemptive Series B led by Lachy Groom with SignalFire participation; valuation nearly tripled from Series A.
techcrunch.com$34.5M Series C announced; cumulative funding reaches $76.6M equity + $240.9M debt
fintechfutures.comClosed first tranche of Series D at ₹850 Cr led by Helios Investment Partners, valuation >₹6,550 Cr
m2pfintech.comRaised $50M equity Series B2 and secured $150M credit line, totaling $200M in new capital.
techcrunch.comRaised $130M in Series C equity and debt funding led by General Catalyst and Bloomberg Beta, with Mastercard and trucking industry investors participating.
fintechfutures.comTPG's The Rise Fund led a significant Series C equity investment in Billease, with Burda Principal Investments also participating.
blog.billease.phSimon amended and extended its $3.5 billion revolving credit facility, aligning pricing with the $5.0 billion facility and raising total revolving capacity to $8.5 billion.
investors.simon.comRaised $30M Series B (equity from BlueOrchard and FMO; debt from Stanbic Bank Ghana and Growth Investment Partners) to expand across Africa.
techcrunch.comKasisto raised a funding round (latest stage: Series D) as of September 17, 2024
crunchbase.comSecured $525M+ recap led by General Atlantic Credit's Atlantic Park fund with Canyon Partners; CD&R remains co-investor.
carestreamdental.comFrench bicycle marketplace partnered with Mangopay for consumer-to-consumer purchases.
finextra.comLaunched payroll services in the UK via expanded partnership with Modulr; feature reduces payroll processing times by up to 80%.
thepaypers.comCMI launched Tap to Mobile (Soft POS) in partnership with Visa, enabling merchants to accept contactless payments via Android smartphones with NFC.
cmi.co.maPartnered with Slope for flexible payment solutions, letting US business customers defer payment up to 30 days at retail stores.
pymnts.comAnnounced exclusive embedded lending partnership with Propel Holdings (Fora Credit) for in-app line of credit
businesswire.comTroc Vélo announced partnership with Mangopay to power online payments for second-hand bike sales between individual users.
crowdfundinsider.comdLocal announces expanded payin/payout partnership with ShopeePay across Thailand, Malaysia, Indonesia, Philippines.
dlocal.comAnnounced expanded payment features and partner integrations for auto and personal lenders, reporting significant growth in lending sector over 18 months.
home.paynearme.comAnnounced strategic partnership with GOLDPoint Systems to expand presence in personal lending via integrated loan management software.
home.paynearme.comLaunched Meow Financing in partnership with Lendio to provide embedded loan marketplace for SMB customers.
lendio.comUATP partnered with Klarna to introduce BNPL into the air-travel payment network LATAM participates in.
nasdaq.comVictoriabank announced strategic partnership with Salt Edge for PSD2 open banking compliance under Moldova's Law 209/2022; Berlin Group sandbox launched.
blog.saltedge.comBeyon Money launched Flexi Savings product in partnership with SICO (Securities & Investment Company), offering yield-bearing savings to consumers.
ibsintelligence.comAnnounced strategic partnership with Stripe to bring BNPL to in-person service merchants.
businesswire.comPartnership with Coverdash announced to embed business insurance into Celtic Bank's SBA loan portal.
coverdash.comLaunched Zuru Max — AI-powered personalized cargo insurance in Mexico, powered by AI27 and underwritten by Chubb.
zurulatam.com7-Eleven partnered with Comdata (a Corpay brand) to join the Comdata Fuel Consortium, enabling fleet cardholders to access cost-plus savings on fuel at 7,500+ 7-Eleven, Speedway, and Stripes locations.
comdata.comLavu announces partnership with Check to launch Lavu Payroll, a free embedded payroll solution for restaurant customers.
businesswire.comEquifax launched its cloud-based Merchant Data Network in partnership with Fiserv to provide lenders with aggregated credit card transaction data on small businesses, improving commercial scoring by over 8%.
investor.equifax.comCocos Pay officially launched, enabling QR payments in pesos and dollars from invested balances, powered by SG Financial Technology S.A. (ÁgilPagos) as PSP No. 33586.
cocos.capitalCEO Uju Uzo-Ojinnaka publicly discussed partnership with AliExpress and MTN Momo PSB.
linkedin.comBank build complete with National Payments System integration; Clarence Nethengwe appointed CEO-designate of OM Bank
oldmutual.comNewton Property Management expanded its GoCardless partnership to include Instant Bank Pay (open banking), adding one-off payment capability to existing Direct Debit functionality.
gocardless.comQashio partnered with Alinma Bank to roll out new solutions for Saudi Arabia customers.
ibsintelligence.comSwan/IESA partnership publicly announced; TucoBan reports 230% growth in monthly account openings
thepaypers.comLopay and YouLend partnered to provide financing to Lopay's UK SME customers, surpassing £1M in funding.
electronicpaymentsinternational.comCover Genius-SAS partnership coverage confirmed live across 25+ European countries with global scalability.
beinsure.comFinerio Connect selected for AWS Generative AI Accelerator 2024 second cohort, gaining access to AWS credits, mentorship, and ML resources.
blog.finerioconnect.comSpotify won Treasury Today 'Best Transaction Management Solution' award for harmonising receivables and cutting FX costs in partnership with Deutsche Bank.
treasurytoday.comSpanish subsidiary IESA launched the TucoBan banking product with Swan, designed for homeowner associations.
thepaypers.comLaunched E2, a 2-in-1 card combining credit and debit functionality with two PANs, developed with Mastercard.
ffnews.comLaunched merchant financing platform with RAKBANK using real-time POS data for SME underwriting.
magnati.comLaunched High-Yield Checking (5.50% APY), Cash Back Plus Checking, and new debit card products to differentiate member experience.
cuinsight.comJack Henry and Victor Technologies launched an embedded payments (PaaS) platform for regional and community financial institutions, with MVB Bank, Dart Bank, and BayFirst National Bank as early adopters.
ir.jackhenry.comIntuit launched Payments AI within QuickBooks Online, using ML to recommend personalized invoice reminders and payment strategies.
quickbooks.intuit.comUS BaaS provider launched loyalty wallets with pay-by-bank funding capabilities.
thepaypers.comPublic launch of configurable AI platform for financial services in UK and US
fintechfutures.comMaster Framework Agreement for Financial Products and Services approved by the Superintendencia de Bancos via OFC-PRO-202422218 on June 14, 2024.
qik.doUruguay's parliament approved PSAV law establishing BCU as the regulator of crypto/virtual asset service providers, directly affecting Criptala's operating environment.
criptala.ioSwedish BaaS provider released a white-label, no-code frontend solution for customers.
finextra.comOpened its banking platform to the general public after operating via a limited Foundation programme.
griffin.com~90% of total revenue derives from financial services (primarily payments).
embeddedfinancereview.comPhillips 66 Receivables LLC established a $1.25B receivables purchase and financing facility with PNC Bank as administrative agent.
sec.govFundbox secured a new debt financing round led by Waterfall Asset Management and Cross River to fund SMB loan originations.
crunchbase.comKarbon released card payment surcharges feature, allowing accounting firms to pass card processing fees to clients via Karbon Payments (Stripe Connect).
karbonhq.comMangopay published case study detailing fast migration of 800 Maisons du Monde marketplace sellers with zero downtime.
blog.mangopay.comBOI achieved 142.5% subscription on senior phase of €1B global loan syndication (raised €1.425B).
boi.ngSub-processors list updated as of September 23, 2024, reflecting Penny App's current infrastructure vendors.
getpenny.comLegal notices updated, confirming capital of 557,503,527 euros and continued ACPR/AMF authorizations.
bforbank.comAnnounced $15M previously-undisclosed equity raise led by Gradient Ventures and Construct Capital, plus $50M credit facility from Upper90 for receivables purchasing.
fintechfutures.comOutgo became an operating subsidiary of DAT Freight & Analytics following M&A transaction.
pitchbook.comAirwallex case study reveals 0.5 days/month saved on international payment runs, 200+ payout countries enabled
airwallex.comCo-founder Nick Wegner appointed CEO; Jasen Barnes moves to board.
flightschedulepro.comNew adhesion contract version (RECA 15717-458-035582/05-02440-0925) registered, replacing previous version 03-01762-0724.
cuenca.comBack Market announced first-time profitability in Europe and stated it does not plan to raise additional funds.
sifted.euUpdated Services Agreement to reflect Take Command Insurance Agency, Inc. as the operating entity; added Business Deposit Account Agreement disclosures to terms page.
takecommandhealth.comPublished Biometric Liveness Verification product update on developer portal.
developers.wultra.comPublished contractor guide to faster payment processing, highlighting LeapPay's competitive transaction rates.
leaptodigital.comSwish Fibre rebranded as a brand of Cuckoo Fibre Limited following Fern Trading consolidation; legacy brand documents published.
cuckoo.coProcountor rebranded as Finago Procountor, becoming part of the Finago product family under Accountor Software Business.
procountor.seSofort deprecated on Recurly/Adyen stack and migrated to Klarna Debit Risk; no new merchant signups supported.
docs.recurly.comDunamu, K Bank and BC Card signed MOU for digital financial services cooperation spanning real-name accounts, payments processing, and banking
dunamu.comAnnounced enhanced identity verification for the Bangladesh market on LinkedIn.
linkedin.comAs of September 2024, Turo had 360,000 active vehicle listings and its adjusted EBITDA fell 46% YoY in the first nine months of 2024.
pitchbook.comFY24 annual accounts filed, listing Bantry Bay Capital Limited and Hilco Capital Limited as financing providers.
corporate.superdry.comTechCrunch profile of founder Rania Lamprou positions Simpler as European challenger to Bolt and Shop Pay
techcrunch.comC.C. Griffus, Director of iGaming & Sports Betting Operations, spoke at G2E 2024 about omnichannel gaming expansion.
globalgamingexpo.comProduct update: Safe PIN, Public Cliq group savings, Bills and Airtime Payments.
learn.hervest.ngNymCard announced a strategic MoU with Banque Misr to deploy embedded finance and digital payment solutions targeting fintechs, telecoms, and SMEs in Egypt.
nymcard.comPNC and Plaid enter bilateral data access agreement; PNC uses Akoya as its API service provider
investor.pnc.comi3 Verticals completed sale of merchant services business to Payroc WorldAccess for ~$438 million; announced CFO transition and appointment of Chief Strategy Officer.
investors.i3verticals.comJapan Tobacco Group's OneTreasury transformation project won 'Best Treasury Transformation Project – Highly Commended' at Treasury Today ASA Awards 2024, following consolidation of treasury operations using SAP TMS and Zanders advisory.
treasurytoday.comOCB published its Personal Data Protection Policy for Customers, effective 30 September 2024.
ocb.com.vnAlaska Air Group announced a $1.5B Mileage Plan Financing secured by loyalty program IP collateral.
prnewswire.comNRC reports De Bijenkorf revenue declining, posting losses, with €59M subordinated loan and up to €25M additional support from Central Group.
nrc.nlEach 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.