124 developments from 120 companies: 3 acquisitions, 17 funding, 43 partnerships and integrations, 12 launches, 7 licences and regulators, 42 other developments.
Acquired Precision Payments for undisclosed sum; expects annual North American card processing volume to exceed $28 billion post-integration. source
Fiserv led Melio's $150M Series E at a $2B valuation, reinforcing the partnership underpinning CashFlow Central. source
Closed $67.5M Series B led by General Catalyst source
Completed acquisition of Tesco Bank's retail banking business; Tesco brand continues 10+ years on financial products sold in Tesco branches.
home.barclaysElshair Companies acquired TPC's digital assets (trademarks, website, software, customer database) and relaunched the platform with Justin England as CRO and JP Gage as COO.
bicycleretailer.comAcquired Precision Payments for undisclosed sum; expects annual North American card processing volume to exceed $28 billion post-integration.
fintechfutures.comASOS secured new refinancing comprising £150m term loan and £87.5m DDTL maturing November 2030, replacing Bantry Bay facilities and cutting interest costs by £5m annually.
retail-week.comRaised €500M ($527M) in secondary investment led by CapitalG and Sequoia at $5.26B valuation.
techcrunch.comInvested $20M into Partior Series B for blockchain interbank clearing rails
fintechfutures.comSeries A extension of $4M led by Airwallex, doubling the valuation to $80M post-money.
feintuchcommunications.comFiserv led Melio's $150M Series E at a $2B valuation, reinforcing the partnership underpinning CashFlow Central.
fintechfutures.comSecured £200 million debt funding from Citi and Waterfall Asset Management; doubled SME loan ceiling to £1 million; exceeded £250 million ARR in 2024.
finextra.com$15M Series A co-led by Blackstone Innovations Investments, FINTOP Capital, and JAM FINTOP
cardoai.comSecured $100M credit facility from Victory Park Capital to finance BNPL credit originations in Colombia.
businesswire.comRYVYL signed a non-binding MOU to retire 8% Senior Convertible Note and Series B Convertible Preferred Stock for $16.5M, significantly reducing balance sheet overhang.
fintechfutures.comCardless raised $30M in growth funding led by Activant Capital with participation from Amex Ventures, Mischief (Zach Perret's fund), Thayer Ventures, Industry Ventures, and Assurant.
techcrunch.comEastWest Banking Corporation (Philippines) announced partnership with GCash to embed lending products in the GCash super-app.
eastwestbanker.comPartnered with Vegapay to launch 'Credit Line on UPI', a hyper-configurable platform for offering customized credit programs via UPI.
economictimes.indiatimes.comPartnered with Aafaq Islamic Finance to extend embedded SME lending into Islamic finance.
magnati.comMastercard partnered with Qover to offer embedded return shipping cost protection for credit cardholders in Belgium and Luxembourg.
insurtechdigital.comDave announced a non-binding letter of intent to partner with a new publicly-traded sponsor bank to originate ExtraCash, hold deposits, issue debit cards, and provide ACH processing.
nasdaq.comAnnounced partnership with Coverdash to launch embedded business insurance for SMB customers on LendingTree platform.
businesswire.comBNY (Bank of New York Mellon) selected by U.S. Department of the Treasury's Bureau of the Fiscal Service as the new financial agent for the Direct Express prepaid debit card program under a 5-year agreement beginning January 3, 2025.
bny.comLaunched all-in-one online booking tool (OBT) for corporate travel with NDC/Edifact and TMC integrations
businesswire.comWeTransact announced a partnership with Capchase to offer B2B SaaS companies embedded financing solutions to close cash flow gaps arising from marketplace sales cycles.
pymnts.comTBI Bank and DAW Management Broker announced a partnership to offer insurance products with interest-free installment payments in Romania.
thediplomat.roNium and HyperGuest announced a strategic partnership to integrate Nium's virtual card payment solution into HyperGuest's B2B travel distribution platform.
nium.comPublished updated ACH Scope of Work for Payment Processing (R365-ACH-SOW-6.25.24) formalizing FIS as payments processing partner.
restaurant365.comOcrolus announced a strategic partnership with LendSaaS to embed AI-driven document analysis and cash flow analytics into MCA origination and servicing platform.
prnewswire.comLTP and Bitstamp announced a strategic partnership for liquidity, lending, and credit line solutions for institutional crypto trading.
blog.bitstamp.netEcobank announced partnership with Nium to enable real-time cross-border payments across 35 African markets.
ecobank.africa-newsroom.comUpdated subprocessors list (last updated November 4, 2024), reflecting ongoing infrastructure partnerships with AWS and other vendors.
getreceipthero.comStandard Chartered announced partnership with Wise Platform to power SC Remit cross-border payments in Asia and Middle East across 21 currencies.
newsroom.wise.comAnnounced strategic partnership with Mangopay to power Mirakl Payout in Europe using e-wallet technology and KYB capabilities.
mirakl.comPartnered with HSBC UK to offer HSBC Flexipay BNPL on green technology purchases (solar, batteries).
company.ovo.comFlywire and Blackbaud announced a strategic partnership to streamline international tuition payments for K-12 schools via Blackbaud's Tuition Management platform.
ir.flywire.comAffirm expanded its BNPL partnership with Priceline, becoming the exclusive pay-over-time provider for Priceline Partner Solutions, enabling partner brands (airlines, hotels, car rentals) to offer BNPL on their own sites.
pymnts.comThunes partnership enabling cross-border transfers to/from Türkiye via Thunes Direct Global Network.
thunes.comQatar Insurance Group and Ooredoo Group signed an MoU at the Ooredoo Group Digital Ecosystem Conference to develop integrated insurance products.
qic-group.comOneRamp announced integration with Opera MiniPay wallet, enabling mobile money stablecoin on/off-ramp in Kenya, Uganda, Zambia, Tanzania, and Ghana.
blog.oneramp.ioGivexPay Merchant Agreement terms published (November 18, 2024), confirming live rollout of GivexPay payment processing service powered by Adyen for Platforms.
web.givex.comCheckout.com announced partnership with Sure (insurance tech) to improve digital insurance payment acceptance and recurring billing performance.
checkout.comLaunched revenue-based financing product for e-commerce merchants in partnership with Softloans
paysera.comAXA Switzerland launched a bancassurance solution powered by additiv's platform.
open-conversations.orgLaunched embedded banking integration with PNC Bank through PINACLE Connect.
globenewswire.comStandard Bank partnership formalised for the Merchant Capital Advance product, targeting retail SMEs with POS devices.
merchantcapital.co.zaFlexiAdvance powered by Merchant Capital launched in partnership with Payflex, offering BNPL-linked MCA repayments.
merchantcapital.co.zaMercedes-Benz Insurance Services UK partners with Wrisk for a subscription car insurance product.
fintech.globalSpendesk announced long-term strategic partnership with Adyen to support global expansion of its spend management platform.
pymnts.comStrategic partnership with Jeel (Riyad Bank's digital innovation arm) announced to modernise banking in Saudi Arabia.
open-conversations.orgRoofSnap announces integration with EverPro Payments powered by Stripe for credit card processing.
linkedin.comRindeConnect launched with Banco Security as first integrated bank for corporate Mastercard card feeds in Chile
blog.rindegastos.comIntroduced Paychex Funding Solutions — small business invoice factoring and working capital via subsidiaries Advance Partners and Alterna Capital Solutions; previously partnered with Biz2Credit for revenue-based financing.
paychex.comWealthfront launched free wire transfers for all Cash Account holders (individual, joint, and trust accounts).
wealthfront.comStoreCash's new app launch covered by TechCrunch, highlighting instant cash-back model and founder background.
techcrunch.comLaunched GoodLock Savings on C Money app with tiered upfront-interest deposit products (16-23% APR).
creditville.ngSMBC announced plans to launch same-day supply chain financing across several Asian locations, targeting competition with Western banks in the region.
asia.nikkei.comLaunched Vietnam's first fully cloud-based card management system on Google Cloud / Visa Cloud Connect
visa.com.vnLHV Open Banking API goes live under UK Open Banking standard, built with Salt Edge.
priora.saltedge.comLaunched EnvisionNow Concierge, an AI-driven marketing and client-engagement assistant.
envisionnow.comAfrichange's Nigerian subsidiary Currenzo received an IMTO licence from the Central Bank of Nigeria, enabling direct remittance processing into Nigeria.
techpoint.africaShift4 Limited authorized by MFSA in Malta for full payment-institution services including AIS and PIS
paymentinstitutionsregister.euCaixaBank announced €24 billion pre-approved SME loan programme open to non-customers, partnering with Aquisgrán for micro-enterprise financing.
caixabank.comTencent's Tenpay microlending unit received its third ABN registration quota of CNY 10B, bringing cumulative approved ABN issuance to CNY 25B — the highest among Chinese internet microlenders.
time-weekly.comBanco de la Nación authorized by government to provide S/700 million in credit lines to microfinance entities for MYPE housing loans, targeting approximately 28,000 micro and small businesses.
gestion.peCEO Dilip Modi outlined vision to expand financial access in rural India through credit, insurance, and expanded Adhikari network covering 95% of India's pincodes.
businessworld.inSuperdigital ceased operations on 18/11/2024; all customer accounts cancelled with remaining balances redirected to Banco Central's SVR system.
superdigital.com.brNow has 25 platforms each processing over €1 billion annually, up from 17.
embeddedfinancereview.comByte Federal disclosed a data security incident affecting user personal information, issuing a breach notice on November 27, 2024, updated December 10, 2024.
bytefederal.comByteFederal Australia announced the release of ByteConnect Bitcoin payment system for Australian commerce.
linkedin.comFifth Amendment to Credit Agreement executed, further modifying existing $3B credit facilities.
sec.govEnrolled dispensary customers into Lockstep billing portal with GoCardless AutoPay ACH for invoice collection
support.dutchie.comAnnounced portfolio expansion strategy and Open Finance bet, targeting 132% growth in financial product offerings
exame.comDraftKings closed a new $500M senior secured revolving credit facility led by Morgan Stanley, replacing the prior $125M facility.
sportico.comGoCardless published a case study detailing how Perky Blenders saves thousands of pounds annually through automated bank payments, eliminating late-payment risk in their wholesale and subscription business.
intelligentsme.techClosed $355M debt warehouse facility led by J.P. Morgan, Mizuho Bank, and Waterfall Asset Management.
businesswire.comGroupon announced a $197 million financing transaction, exchanging 2026 Convertible Notes for new 6.25% Convertible Senior Secured Notes due 2027.
investor.groupon.comSold portions of its former Contis business to alternative banking provider Suits Me.
finextra.comL'Oréal and Chenavari Investment Managers announced the Solstice decarbonization debt fund, with L'Oréal committing €50M to help suppliers access industrial decarbonization financing.
loreal-finance.comMilli Bank closed down as of November 15, 2024. Customers with remaining balances were issued checks. FNBO spokesperson confirmed closure to FinTech Futures.
fintechfutures.comValidiFI and PDI team to streamline pay-by-bank enrollment for convenience store customers.
linkedin.comFreeAgent updated its subprocessors list (Version 1.2), confirming its data processing infrastructure as of November 2024.
freeagent.comDefacto published a case study confirming GCollect uses Defacto to offer invoice-assignment financing to its clients as part of its collections workflow.
getdefacto.comSingapore High Court ordered Qoo10 Pte. Ltd. wound up; liquidators AAG Corporate Advisory appointed.
straitstimes.comStripe's Head of Asia Pacific spoke at Singapore FinTech Festival on a session titled 'Accelerating change at scale with financial infrastructure: Lessons from Chubb and Stripe', indicating a Stripe infrastructure relationship.
linkedin.comReports emerged (The Information) that Ampla was seeking a buyer and cutting credit lines amid a consumer brand funding crunch.
theinformation.comGusto published a case study featuring Magpie Health Analytics as a customer, highlighting multi-state health insurance administration for 16 employees across 10 states.
gusto.comNoor Takaful publicly considering a listing on the Nigerian stock exchange, per Vice Chairman Aminu Tukur at the African Takaful and Non-Interest Finance Conference.
punchng.comSubprocessor list updated: added Apollo.io, Chargebee, LogRocket, Mouseflow; removed Intercom, Stripe, Hotjar, Jira, Vonage; migrated Sendgrid to Twilio.
lumiformapp.comFinancing facility with YouLend to extend $1B+ in revenue-based financing to US SMBs.
pulse2.comMulti-currency payouts expanded to AU, UK, ES, IT, NL, DE, AT on Advanced/Plus/Enterprise.
changelog.shopify.comCBUAE Credit Risk Management Regulation C 3/2024 came into force on 30 November 2024.
rulebook.centralbank.aeSacombank achieved PCI DSS v4.0 certification for the 11th consecutive year (2014–2024).
sacombank.com.vnUpdated UK Merchant Data Processing Notice (v11) published, reflecting GPUK LLP's expanded sub-processor list and GP Marketplace offerings.
globalpayments.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.
