125 developments from 119 companies: 5 acquisitions, 24 funding, 33 partnerships and integrations, 20 launches, 4 licences and regulators, 39 other developments.
Best Egg secured a $500M purchase facility (forward-flow + back-book) led by Fortress Investment Group and Edge Focus to support personal loan growth. source
$110M Series C; became unicorn with Google participating source
Airbase acquired by Paylocity for approximately $361M; rebranded as 'Airbase by Paylocity' and integrated with Paylocity's HCM platform as 'Paylocity for Finance'.
airbase.comGen (NASDAQ: GEN) completed acquisition of MoneyLion for approximately $1.05B, with MoneyLion operating as part of Gen's consumer safety platform.
pitchbook.comAcquired Manigo, a London-based core banking / card issuing orchestration platform, one month after Manigo entered administration.
fintechfutures.comCompleted acquisition of Virgin Money UK Plc on 1 October 2024, creating a combined entity with significantly expanded commercial banking capabilities.
nationwide.co.ukRaised $35M growth round led by Multiplier Capital, taking total funding to $210M+.
fintechfutures.comFinix raises $75M growth round and announces quadrupling of revenue YoY, cementing its position as a direct payment processor competing with Stripe.
techcrunch.comValon closed $100M Series C round led by WestCap with participation from Andreessen Horowitz, bringing total capital raised to $230M.
businesswire.comRaised Series D of $190M led by Bond at a $2.2B valuation, with DST Global, Adams Street Partners, and Alkeon Capital as new investors.
news.crunchbase.comBest Egg secured a $500M purchase facility (forward-flow + back-book) led by Fortress Investment Group and Edge Focus to support personal loan growth.
prnewswire.comSecured tens of millions in VC loans to increase cash reserves amid election betting demand; explored $50M+ equity round.
techcrunch.comBugcrowd secured a $50M growth capital facility from Silicon Valley Bank (division of First Citizens Bank) via SVB's Enterprise Software Group.
prnewswire.comCymbiotika secured $30M debt financing led by RevTek Capital to fund retail expansion, Canadian market entry, and operational infrastructure.
prnewswire.comInteractive Brokers co-led a $30M Series B in Reflexivity (AI co-pilot), with plans to integrate Reflexivity's AI tools into the IBKR platform.
fintechfutures.comTechpoint Africa reported Waribei secured €750,000 in pre-seed funding from Mstudio and Saviu Ventures to expand inventory financing solutions.
techpoint.africaRaised $12.5M led by Canvas Ventures and UPC Capital Ventures; launched Handpoint card-present partnership
tilled.comRaised $2M extension to expand B2B cross-border payment rails into China; opened Hangzhou office
klasha.comScalapay raised a new debt financing round (date per Crunchbase: October 29, 2024).
crunchbase.comSecured a $1 billion financing facility from Castlelake for the US market; new partnerships with Etsy, FreshBooks, Paysafe.
finextra.comClosed $2.5M early-stage round led by Cento Ventures to scale embedded lending across Indonesia
impactalpha.comSBI awarded ACI Worldwide multiple customization contracts for YONO 2.0, UPI, PRM, and Benefit Pay (Bahrain) integrations.
sbi.co.inPartnership with Peach Finance announced for Eco Financing loan servicing infrastructure
peachfinance.comExtended exclusive integrated payments agreement with Worldpay as sole ReyPAY processor.
businesswire.comLaunched International Remittances feature powered by ReadyRemit by Brightwell and Visa Direct.
dailypay.comSequoia Capital published a partner article on Tola, spotlighting the platform's cash-flow management tools for small businesses and its embedded financing proposition.
sequoiacap.comStrategic partnership with insurtech 123Seguro for LatAm mass-market distribution.
prudential.com.brLaunched a new onboarding API enabling partners to register clients instantly, track verification status, and initiate transactions within seconds of compliance checks completing — white-label and referral partners can offer onboarding under their own brand.
transfermate.comPublished developer documentation at dev.lili.co covering API, webhooks, and UI integration for Lili Connect.
dev.lili.coAnnounced partnership with Candescent to embed family banking across hundreds of FI clients.
greenlight.comMagnati and Wio Bank partnered to offer embedded finance solutions including business loans, invoice financing, equipment financing, POS financing, and receivables financing for UAE merchants.
ibsintelligence.comXTM launched PayNow, a global earnings payout and remittance solution for US temporary and migrant workers, powered by QRails.
businesswire.comStorfund and Mangopay deepened partnership with embedded wallet solution for marketplace sellers.
fintech.globalFreedomPay and Stripe announced a partnership to make it easier for enterprises to unify online and in-person commerce.
corporate.freedompay.comLyft renewed multi-year commercial insurance partnership with Mobilitas Insurance Companies, expanding coverage to 23 US states.
prnewswire.comThird-party partners list updated (October 23, 2024), signaling ongoing vendor relationships.
paymongo.comPartnered with The Gioi Di Dong (MWG) for digital point-of-sale consumer loans
vir.com.vnseQura made available as a payment method to all Stripe customers in Spain through the Stripe Connect partnership.
stripe.comNymbus and PeoplesBank partnered to launch Employer-led Bank and Union Workers Financial Services (UWFS), targeting mid-large organisations and unions with embedded financial wellness tools.
fintechfutures.comTikTok Shop Capital launched with three lending partners — Parafin, Storfund (Daily Advance), and Kanmon — providing sellers with working capital and receivables-advance financing.
debanked.comStorfund announced Daily Advance partnership with TikTok Shop, advancing sellers up to 80% of net shipped sales daily.
pymnts.comCoverdash announced a partnership with Kapitus to embed business insurance products (sourced from 30+ commercial carriers) directly into the Kapitus platform.
coverdash.comPartnered with GoCardless for as-a-service expansion into UK, Canada, Australia.
paymentsdive.comUSALLIANCE Financial announced a partnership with MarkIII, an embedded lending enablement platform, to expand credit access and streamline loan approvals for members.
usalliance.orgEnhanced Financial Hub launched with GL codes embedded in weekly payment statements
blog.playonsports.comRainforest Pay published a case study detailing how Decoda Health launched a branded payments product in 12 days using Rainforest's embedded payments infrastructure.
rainforestpay.comLaunched DoorDash Crimson, a personal banking account and Visa debit card for Dashers issued by Starion Bank, with instant payout, cashback on gas/EV charging, and fee-free MoneyPass ATM access.
dasher.doordash.comLaunched 'Payments by Upflow' B2B payment gateway built on Stripe; TechCrunch coverage confirmed strategic pivot to payments.
techcrunch.comPoshmark launched a new lower seller fee structure (1-2-3 tiered fees) replacing the flat 20% fee, and introduced a Buyer Protection Fee.
blog.poshmark.comWalgreens launched Student Loan 401(k) Match Program for eligible employees, using Fidelity Workplace Services for plan administration.
nasdaq.comLaunched updated Mastercard cardholder benefits package including travel insurance and purchase assurance underwritten by AIG/New Hampshire Insurance Company.
navyfederal.orgRe-AYBL recommerce marketplace launched on Treet platform, with subprocessors including Stripe for payment processing.
aybl.treet.coMetro Bank and BankiFi launched 'Invoice It', an SME payments and accounts receivable application available to Metro Bank business and commercial current account holders.
fintechmagazine.comSemFi by HSBC joint venture went live — embedded invoice financing in B2B marketplaces (HSBC 75% / Tradeshift 25%)
gtreview.comSemFi by HSBC officially goes live as a joint venture with Tradeshift, launching invoice financing and virtual cards in UK and Hong Kong.
fintechfutures.comClearBalance Healthcare introduced Open Banking across all patient payment sites, allowing patients to securely connect bank accounts directly to payment portals.
clearbalance.orgLaunched Shopify Finance, unifying Balance, Capital, Credit, Bill Pay, and Tax.
shopify.comCoinstar launched CINQ by Coinstar digital wallet, enabling cash-to-crypto conversion via Zero Hash at 9,500+ kiosks.
prnewswire.comDream Payments launched DreamPay at Money20/20 Las Vegas — a modern API & Embedded Payments Platform for financial institutions, insurers, healthcare providers, and software platforms across North America.
dreampayments.comBritish investment-as-a-service provider received a licence in Spain and intends to passport into other European markets.
wealthkernel.comBlockchain.com announced it is pausing custodial and exchange services for customers residing in Canada due to regulatory developments.
blockchain.comTD Bank, N.A. and its US holding company pleaded guilty to Bank Secrecy Act and money-laundering conspiracy charges — the first US national bank to plead guilty to conspiring to launder money. Combined US penalties of about $3 billion (DOJ $1.89 billion, plus OCC, Federal Reserve and FinCEN), a three-year independent compliance monitor, and an OCC asset cap restricting the growth of TD's US banks. The DOJ found 92% of transaction volume went unmonitored from 2018 to April 2024.
justice.govBritish banking infrastructure provider entered administration after fallout from a major project caused a downturn.
fintechfutures.comNeonomics rebranded its product suite under the 'Nello' brand — Nello Data, Nello Pay, Nello AI — signaling a strategic move toward AI-driven open finance infrastructure.
neonomics.ioPublished case study detailing how a major marketplace saved $3.3M in checkout costs using Link Money Pay by Bank.
link.moneyWeChat Open SDK updated to support HarmonyOS (鸿蒙) system, extending WeChat Pay SDK capability to Huawei's native OS.
support.weixin.qq.comFederal High Court in Abuja extended a 30-day freezing order on 818 bank accounts implicated in a ₦10 billion cyberattack on Hope PSBank.
techpoint.africaAutomattic published updated WP Cloud Data Processing Addendum covering GDPR obligations for Woo merchants.
hosts.automattic.comConfirmed additional layoffs at the bank entity following its EMI operations shutdown in the UK and EU.
businessinsider.deSoFi announced adoption of Galileo Cyberbank Core to power commercial payment services sponsor banking program.
investors.sofi.comGrupo Elektra subsidiary Nueva Elektra del Milenio priced $350M Senior Secured Notes under its remittances future flow financing program at 12.5% due 2031.
grupoelektra.com.mxReported FY2024 full-year revenue of CAD $7.38M (+25% YoY) and narrowing operating losses.
newsfilecorp.comExecuted Africa's largest crop insurance payout: $29M to 800,000 farmers in Zambia after devastating droughts.
pula-advisors.comBray Controls UK Ltd issued Statement of Compliance under UK Criminal Finance Act 2017, signed by European Compliance Manager.
bray.comKlook published case study on deploying API-powered FX and liquidity solutions for treasury infrastructure to handle multi-currency merchant settlements.
treasurytoday.comOriginal TPC entity shut down; remaining inventory sold off and physical assets auctioned after 18 years in operation.
gearjunkie.comBoulevard Capital named finalist for LendTech of the Year in the 2024 US FinTech Awards, having surpassed $10M in funding delivered.
businesswire.comSopra Banking Software rebranded to SBS; formed 74Software with Axway
sbs-software.comMuthoot FinCorp completed migration of ERP to Oracle Cloud Infrastructure, achieving up to 50% improvement in system performance.
businesshonor.comPublished updated product tariff schedule effective October 11, 2024, covering credit card, debit card, savings account, personal loan, and certificate of deposit fee structures.
qik.doIan MacKechnie and his wife Jean donated $1 million to the American Red Cross to support Florida families affected by Hurricane Helene.
amscot.comOneRamp surpassed $106,000 in total transaction volume, with CUSD as the leading token.
blog.oneramp.ioH&R Block opened 2024 application period for the Emerald Advance Loan (up to $1,300, originated by Pathward N.A.), accepting applications November 1 – December 31, 2024.
investors.hrblock.comZalopay (ZION JSC) recognized by NAPAS as 'Gold Payment Intermediary – Member of the Year'.
vng.com.vnEach 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.
