87 developments from 85 companies: 6 acquisitions, 13 funding, 20 partnerships and integrations, 13 launches, 4 licences and regulators, 31 other developments.
Equals Group agreed to be acquired by a JC Flowers / TowerBrook / Railsr shareholder consortium for £283 million; deal structured to subsequently merge Equals Money with Railsr. source
Equals Group agreed to be acquired by a JC Flowers / TowerBrook / Railsr shareholder consortium for £283 million; deal structured to subsequently merge Equals Money with Railsr.
fintechfutures.comDM completed 100% acquisition of FortBrasil, combining to 17M cards issued and 3M active cards.
fortbrasil.com.brParafin raised $100M Series C at a $750M valuation, led by Notable Capital with participation from Redpoint Ventures, GIC, Ribbit Capital, and Thrive Capital.
fintechfutures.comRaised $8.5M Series A led by TLcom Capital with FMO, Enza Capital, Bpifrance, and Eric Barbier (founder of Thunes) as co-investors.
techcrunch.comMobiKwik completed its IPO on NSE and BSE, raising ₹572 crore via fresh issue at face value ₹2 per share.
sbicaps.comAnnounced a $100 million Series C for its German investment infrastructure.
embeddedfinancereview.comServiceTitan completed its IPO on Nasdaq (TTAN), raising capital from public markets after delaying the offering from 2022.
en.wikipedia.orgJAM FINTOP BankTech co-led Infinant's $15M Series A funding round, alongside FINTOP Capital, Raido Capital Partners, Woodforest Financial Group, and Bankers Helping Bankers.
vcaonline.comSecured $50M debt facility from CIM and $9M equity extension led by Hi Ventures and Cometa
fintechfutures.comStrategic partnership with KORONA POS to embed Xplor Pay processing.
xplortechnologies.comCover Genius and Airpaz announced travel insurance partnership covering Malaysia, Vietnam, Indonesia, Thailand and the Philippines.
insurance-edge.netAHAM Capital selected Multifonds SaaS (Temenos) Global Accounting platform to modernize its fund accounting and support scalable automation including Islamic fund support.
multifonds.comListed on Xero App Store with formal Xero integration for global accounting teams.
apps.xero.comPublished case study with Defacto detailing the first PDP-integrated invoice financing use case for SMB clients.
getdefacto.comMorgan Stanley selected Wise Platform to facilitate foreign exchange international settlement capabilities for its corporate customers, becoming the first investment bank to use Wise Platform for these capabilities.
businesswire.comPublished thought-leadership piece on integrated payments for field service businesses.
fieldservio.comEmirates NBD Innovation Fund made a strategic equity investment in Zodia Custody, and now powers Emirates NBD's own digital-asset custody service in the UAE on Zodia Custody's infrastructure.
mediaoffice.aeSygnum launched Sygnum Connect, a 24/7 multi-asset instant settlement network for fiat, digital assets, and stablecoins, integrating Fireblocks for network expansion.
marketsmedia.comHVB announces strategic partnership with Banxware for SME embedded lending up to €5M
hypovereinsbank.deInvestment-as-a-service provider partnered with UK BaaS provider Griffin to launch savings account offerings.
embeddedfinancereview.comMuthoot FinCorp ONE launched QR-based MSME lending product (Rs 5,000–5,00,000 loans) in partnership with PhonePe Lending, BharatPe Money, and Paytm.
economictimes.indiatimes.comVPBank signed strategic partnership with Medcomm to deploy embedded finance (eKYC, overdraft, micro-lending, card issuance) on pharmacy/clinic management platforms.
vnexpress.netAl Ansari Financial Services and Halan announced a strategic partnership to launch Salary Advance and Send Now, Pay Later (SNPL) services.
aafs.aeE.ON and Heatio launched Green Homes Finance Accelerator-backed monthly subscription model for sustainable heating systems across hundreds of homes.
news.eonenergy.comVodafone Developer Marketplace launched CAMARA-compliant APIs including Age Verify, Match, NumberVerify, and SIM Swap across Germany, Netherlands, Spain, UK and other markets.
developer.vodafone.comAxis Bank launched Digital Merchant Cash Advance Loans for MSMEs, offering unsecured loans up to Rs 20 lakh with digital decisioning based on cash-flow intelligence.
tribuneindia.comUbyfol (Uby Agroquímica S.A.) launched its 1st issuance of commercial notes for R$150 million, registered automatically with CVM.
ubyfol.comPublished 2024 year-in-review highlighting Recruit launch, route optimization, and enterprise customer results
dispatch.meQIB and PayLater launched Shari'a-compliant BNPL solutions in Qatar, combining QIB's Islamic finance capabilities with PayLater's fintech technology.
qib.com.qaLaunched Tap to Pay on Android in stores with Adyen for holiday season pop-ups.
banken.nlCNP Seguros Holding Brasil published 2024 Sustainability Report noting Youse Seguradora S.A. was authorized by SUSEP but had not yet issued policies under that separate entity.
cdn.youse.com.brCentral Bank of Brazil authorized PagBrasil as a Payment Institution (electronic money issuer)
fintechfutures.comErste Bank issues updated Virtualcard Manager and Business Virtualcard terms (December 2024 edition), expanding virtual corporate card program.
cdn0.erstegroup.comCPP Investments announces significant minority investment in Regnology alongside continued Nordic Capital ownership
regnology.netInfosys became the first India-headquartered company to receive EU Binding Corporate Rules (BCR) certification from the Hesse Data Protection Authority, Germany.
infosys.comGreg Hart hired as new CEO; free course auditing ended, all previously free university courses placed behind a $49/month paywall.
en.wikipedia.orgPublished deep-dive blog guide on Mindbody Payments, confirming continued Stripe-powered payments infrastructure including Radar and Terminal.
mindbodyonline.comHorizon Technology Finance provided $10M venture loan facility to Finexio (OneNetwork, Inc. dba Finexio), with $5M initially funded.
ir.horizontechfinance.comRFP issued for device insurance covering 1M+ devices via SIAL
techtrendske.co.keExecuted First Amendment to Amended and Restated Credit Agreement with Deutsche Bank AG Cayman Islands Branch as administrative agent.
sec.govUpdated bank verification via Open Banking help documentation, confirming continued use of Tink as AIS provider.
help.docs.satago.comUpdated Account Dividend Rates published on rates page, including Checking Account and Share Savings accounts effective December 2024.
idbglobalfcu.orgPublished updated Order Execution Policy (Version 2.4), covering cash equities, fixed income, OTC derivatives, and exchange-traded derivatives.
valu-trac.comSociete Generale Factoring announced a strategic collaboration with CRX Markets (German SCF fintech) to digitalise supply chain finance and receivables financing for corporate clients.
wholesale.banking.societegenerale.comCMC Markets Bermuda Ltd issued updated Financial Services Guide (dated 11 December 2024), confirming continued international operations.
assets.ctfassets.netTesla pushed real-time payments adoption in auto finance (RTP rails for dealer/OEM funding).
asreport.americanbanker.comIFC signs $460M syndicated loan with Daycoval to fund MSME lending in the Legal Amazon and female-led businesses
ifc.orgWon two awards at the 13th CNseg Insurance Innovation Prize (Products & Services for A.V.I.; Capitalization for Dupla Garantia).
blog.icatuseguros.com.brIncorporated Saque e Pague Instituição de Pagamento S.A. as a regulated payment institution
emis.comAFF reported $1B+ funded in 2024 and 5M+ total customer approvals, signaling significant scale in its POS lending business.
americanfirstfinance.comUpdated Wealthify Investments Customer Agreement (v2024.4) covering Flexi ISA and other investment products, with Winterflood Business Services (WBS) as custodian.
wealthify.comPublished Q4 2024 investor deck via IUVO Group P2P platform confirming Spain and Mexico operations, four consecutive years of profitability, and plans for multi-market expansion.
iuvo-group.comEverBank announced a strategic relationship with Celero Commerce to streamline payment processing for small business to commercial corporate clients.
everbank.comCompany reported reaching profitability by end of 2024 with approximately 2,000 employees across 19 offices globally.
en.wikipedia.orgModern Slavery Statement published for financial year ending 31 December 2024, covering Oxbury Bank plc and its subsidiary Oxbury Earth Limited.
oxbury.comMeasurable AI won Best Data Monetization Award and Best Data Tech Startup Award at DaLa Awards 2024 co-organised by Hong Kong Science and Technology Parks Corporation.
blog.measurable.aiShieldpay obtains ISO 27001 certification for information security management systems.
shieldpay.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.