ApideckTapeMonthly recap
← Embedded Finance Index 2026/News/February 2025
February 2025

Embedded finance in February 2025

145 developments from 140 companies: 6 acquisitions, 22 funding, 45 partnerships and integrations, 12 launches, 4 licences and regulators, 56 other developments.

The biggest deals

  1. 1
    MANTL

    Alkami Technology announced acquisition of MANTL for $400M; deal expected to close by end of March 2025. source

  2. 2
    Rapyd

    Reportedly raising $300M at $3.5B valuation, a steep drop from $9B in 2021. source

  3. 3
    Deel

    Raised $300M at $17.3B valuation led by Ribbit Capital, with participation from Andreessen Horowitz, Coatue, General Catalyst, and Green Bay Ventures. source

  4. 4
    Tabby

    Raised $160M Series E at $3.3B valuation; announced IPO plans. source

  5. 5
    Sardine

    Announced $70M Series C led by Activant Capital, bringing total to $145M source

Acquisitions 6

Feb 1

Acquired Storebuddy, an e-commerce storefront provider that syncs shops with accounting.

embeddedfinancereview.com
Feb 1

Raised $60M Series B led by Nextalia Ventures; acquired Aiden.

techcrunch.com
Feb 1

PointsBet agreed to be acquired by MIXI Australia (subsidiary of MIXI, Inc., Tokyo-based digital entertainment company).

cbinsights.com
Feb 1

Marqeta enters agreement to acquire TransactPay.

investors.marqeta.com
Feb 1

Completed acquisition of TM tryggingar hf. from Kvika Bank; TM becomes a wholly owned subsidiary.

landsbankinn.is
Feb 1

Alkami Technology announced acquisition of MANTL for $400M; deal expected to close by end of March 2025.

techcrunch.com

Funding 22

Feb 1

Colin Walsh replaced as CEO by Gavin Michael; partial Series G close of $29M reported via SEC filing.

techcrunch.com
Feb 1

Announced $70M Series C led by Activant Capital, bringing total to $145M

sardine.ai
Feb 1

Raised $53M Series C led by Krafton at a $700M valuation.

techcrunch.com
Feb 1

Raised $11M Series A led by QED Investors.

techcrunch.com
Feb 1

Announced $20M Series B+ led by Base10 Partners.

monograph.com
Feb 1

Reportedly raising $300M at $3.5B valuation, a steep drop from $9B in 2021.

techcrunch.com
Feb 1

Secured $17.5M (R$100M) FIDC credit fund backed by Itaú BBA and Credit Saison to expand B2B lending

latamlist.com
Feb 1

Raised $300M at $17.3B valuation led by Ribbit Capital, with participation from Andreessen Horowitz, Coatue, General Catalyst, and Green Bay Ventures.

news.crunchbase.com
Feb 1

Raised $160M Series E at $3.3B valuation; announced IPO plans.

techcrunch.com
Feb 1

Parent Tabby raised $160M Series E at $3.3B valuation ahead of reported IPO.

fintechfutures.com
Feb 1

Closed £1.5M seed round led by Haatch with Love Ventures, Portfolio Ventures, and Aperture; appointed Leda Glyptis as NED.

bourn.ai
Feb 1

Closed $18.5M Series A co-led by Quona Capital and PayPal Ventures

fintechfutures.com
Feb 1

Announced strategic funding relationship with Blackstone Credit & Insurance covering CAD ~$500M of Canadian fleet lease receivables.

businesswire.com
Feb 1

Hitachi Ventures raised a $400M fourth fund to invest in deep tech verticals including AI, energy, and life sciences.

techcrunch.com
Feb 1

Secured $35.5M debt facility from BBVA Spark.

thepaypers.com
Feb 1

Gozem closed $30M Series B round ($15M equity + $15M debt) led by SAS Shipping Agencies Services and Al Mada Ventures to expand vehicle financing and digital banking.

techcrunch.com
Feb 1

Announced $3M pre-seed round led by Kickstart Fund; exited stealth

diversifi.ai
Feb 1

Raised $16M pre-Series B to fund Egyptian digital banking license application and Saudi expansion

techcrunch.com
Feb 1

Closed $30M Series A led by DN Capital and CommerzVentures; expanding into the US.

techcrunch.com
Feb 1

Anchor raises $20M Series A led by Mosaic General Partnership and Zeev Ventures; plans to double workforce and boost US presence.

fintechfutures.com
Feb 1

Raised $69M Series A (debt + equity) led by Breega; announced Saudi Arabia expansion.

fintechfutures.com
Feb 1

Closed $20M Series A led by Alexia Ventures and Scale-Up Ventures (Endeavor) to fund AI agent development and geographic expansion.

blog.n5now.com

Partnerships and integrations 45

Feb 26

Launched a global business account offering in partnership with Airwallex, letting clients transfer funds between entities and pay employees/suppliers.

pymnts.com
Feb 19

CMI partnered with Global Blue to launch multi-currency Dynamic Currency Conversion (e-DCC) for Moroccan e-commerce sites.

moroccoworldnews.com
Feb 17

Launched Tap to Pay, powered by Stripe: salon partners accept contactless payments on a compatible phone from the Treatwell Connect app; thousands of partners adopted it at launch.

linkedin.com
Feb 10

BlocPal announced SOC 2 Type 1 certification and strategic partnership with OneFeather to serve Indigenous Services Canada.

blocpal.com
Feb 1

Nexo partnered with Sphere for near-instant cross-border blockchain-based settlement targeting businesses in inflation-pressured regions.

nexo.com
Feb 1

Partnership with Anticipa announced for embedded merchant financing in Mexico

kushkipagos.com
Feb 1

Adyen announced partnership with Bilt to power and streamline rent payments platform for Bilt members nationwide.

adyen.com
Feb 1

Alipay International Mini Program Platform published updated Data Processing Addendum for mini-program partners.

miniprogram.alipay.com
Feb 1

LendSaaS published integration guide detailing how Usio powers ACH and card payment processing for merchant cash advance platforms through the LendSaaS integration.

lendsaas.com
Feb 1

PRECISION partners with FinMont, the global payment orchestration platform for the travel industry, to integrate fraud prevention into payment flows.

etraveligroup.com
Feb 1

Spreedly and Trustly announced a partnership to integrate Trustly's Pay by Bank product into Spreedly's orchestration layer for US merchants.

spreedly.com
Feb 1

Launched Planet DDS Pay powered by Stripe

planetdds.com
Feb 1

Adyen announced a partnership with Eats365, integrating Adyen for Platforms into 365pay to streamline payment processing for F&B merchants across Hong Kong, Singapore, and additional markets.

adyen.com
Feb 1

HyperPay and ACI Worldwide announced an extended partnership to deliver AI-driven payment innovations across the MENA region.

hyperpay.com
Feb 1

BeyondTrucks Integration Hub expands with 74 new accounting/ERP and payroll integrations, surpassing 100 partners.

beyondtrucks.com
Feb 1

Banco Carrefour partners with Accesstage to offer receivables anticipation (antecipação de recebíveis) to SME and enterprise marketplace sellers and corporate buyers in Brazil.

tiinside.com.br
Feb 1

Partnered with FairPlay to embed Fairness-as-a-Service into lending decisioning.

pathward.com
Feb 1

Uphold and Exa (Exactly Protocol) announced a partnership to offer crypto-backed Instant Credit and the Exa Credit Card, targeting Latin America first.

cryptoslate.com
Feb 1

Philips rolled out a market-first cross-currency netting solution across nine entities in mainland China, partnering with HSBC to manage intragroup cross-border transactions in seven currencies via a single RMB cross-currency netting structure.

treasurytoday.com
Feb 1

LendSaaS published an integration case study highlighting Wolters Kluwer's API integration with LendSaaS for merchant cash advance compliance automation.

lendsaas.com
Feb 1

Partnership with Accesstage to embed receivables anticipation for corporate customers selling on Carrefour marketplace

tiinside.com.br
Feb 1

AgVend and Cooperative Finance Association (CFA) deepened their partnership to deliver an integrated digital financing solution within AgVend-built platforms, enabling loan management, application, and repayment in-platform.

agvend.com
Feb 1

Partnership with Banco Carrefour to offer receivables anticipation to SMB and enterprise customers in the Carrefour marketplace

tiinside.com.br
Feb 1

SB Finance (Security Bank affiliate) partnership to lend to TrueMoney Philippines merchant network

philstar.com
Feb 1

GoCardless launched 'Capital powered by Pipe', an embedded revenue-based capital financing product for UK SMB merchants, accessible directly from the GoCardless dashboard.

gocardless.com
Feb 1

Strategic partnership with Worldpay for embedded payments

duckcreek.com
Feb 1

Announced partnership with CNP Assurances and insurtech Owen to embed travel, purchase, and fraud insurance into Green-Got payment cards.

cnp.fr
Feb 1

Qorus/NTT DATA Innovation in Insurance Awards submission: 'Integrated Digital Insurance Partnership' — embedded residential insurance inside a partner digital bank's app

qorusglobal.com
Feb 1

Stripe Issuing partnership announced — Spade selected as Stripe's merchant intelligence provider.

spade.com
Feb 1

HSBC Australia published a case study on Cover Genius, highlighting HSBC's support for the global insurtech's growth, positioning HSBC as a banking partner for insurtechs.

business.hsbc.com.au
Feb 1

Klook closed $100M growth investment led by Vitruvian Partners to accelerate reach across Asia Pacific.

klook.com
Feb 1

Launched Developer Solutions Suite with Integration API and revenue-share partner model.

mylighthouse.com
Feb 1

Detailed embedded finance strategy via Finxact partnership for bank accounts, lending, card issuance.

paytheory.com
Feb 1

CellPoint Digital announced as payment orchestration partner to expand APM coverage and optimise global payment routing for Air Europa.

prnewswire.com
Feb 1

Launched Stripe Capital integration for landlord working capital financing

tenantcloud.com
Feb 1

Bagel Factory partnered with Rapyd to implement unified payment processing across all 35+ UK locations, integrated with its ePOS platform.

restauranttechnologynews.com
Feb 1

Icatu and Onze expanded partnership on corporate private pension, adding pension-backed credit and financial wellness features (target: R$10B reserves in 2 years).

infomoney.com.br
Feb 1

Eltropy announced its 100th customer integration with MeridianLink, a leading LOS provider for community financial institutions.

eltropy.com
Feb 1

Freshfields advised Saga plc on £485m term and revolving facilities provided by HPS Investment Partners, replacing £250m Senior Unsecured Notes and a £75m Roger De Haan loan facility.

freshfields.com
Feb 1

JPMorgan announced partnership with Klarna to offer BNPL installment options at point of sale across its 900,000+ merchant network via JPMorgan Payments Commerce Solutions Platform.

jpmorgan.com
Feb 1

Partnership announced with Encina Lender Finance to transform asset-based finance for originators and investors

lenderfinance.encinacapital.com
Feb 1

Barti unveils integrated payment processing to help eye care practices get paid faster.

barti.com
Feb 1

DECTA announced integration with Klarna to enable flexible payment solutions through its payment gateway.

finextra.com
Feb 1

Signed strategic partnership with Salla Platform Company to integrate mokafaa loyalty across 60,000+ online stores.

alrajhibank.com.sa
Feb 1

Pipe announced expanded developer resources and Partner Portal features to streamline integration of embedded capital products.

pipe.com

Launches 12

Feb 26

Launched a payment product with Mangopay giving property owners a new IBAN and multi-currency fund flow.

finextra.com
Feb 1

Launched payments product with Mangopay to optimize fund flow for European property owners.

mangopay.com
Feb 1

Launched Wavelytics AI/analytics suite at Beyond Service User Conference

workwave.com
Feb 1

NatWest Boxed announces The AA as its first embedded-finance customer, with AA-branded instant-access savings and personal loans launching later in 2025.

theaa.com
Feb 1

TCB Pay launched its Issuing API, a tool for businesses to issue and manage corporate prepaid and postpaid cards.

ffnews.com
Feb 1

Cantaloupe, Inc. announced Cantaloupe Capital, a working capital platform for small businesses in self-service retail, launched in collaboration with Fundbox.

businesswire.com
Feb 1

Launched OMBX, a dedicated embedded finance division, with seven fintech clients already live.

ombbank.com
Feb 1

Launched HoneyBook Tax Hub for 1099 management and small business tax season support.

honeybook.com
Feb 1

TransUnion announced a strategic collaboration with Credit Sesame to launch a new freemium direct-to-consumer credit education and monitoring product in the US.

financialit.net
Feb 1

Mashreq Business Banking and NEO PAY launched a PoS Lending solution for SME merchants across the UAE.

mashreq.com
Feb 1

Chile entity Lanin Pay SpA launched with localized T&Cs and privacy policy.

lemon.me
Feb 1

DISH launches DISH Pay Now plug-and-play payment device in German METRO stores.

newsroom.metroag.de

Licences and regulators 4

Feb 1

Received Banco Central authorization to operate as Payment Institution (IP) with R$2.016B capital

valor.globo.com
Feb 1

Partnership with Orenda Finance to power European wallets and upcoming card programmes via TransactPay UK/EU licences.

transactpay.com
Feb 1

FTC case status listed as 'Pending' as of February 6, 2025, indicating ongoing regulatory proceedings.

ftc.gov
Feb 1

Magazine Luiza announced BACEN authorization for MagaluPay SCFI, enabling direct consumer credit and access to financial-institution funding sources

ri.magazineluiza.com.br

Everything else 56

Feb 27

Signed Program Agreement with Dave Operating LLC to become sponsor bank for Dave's banking and ExtraCash products, with customer onboarding expected to begin Q2 2025.

sec.gov
Feb 21

Announced AA (British Automobile Association, 14M UK members) as its first client — FSCS-protected savings account and rapid-dispersal personal loans.

theaacorporate.com
Feb 1

Cambridge Savings Bank's ABL team provided a $10 million revolving line of credit to Belle Brands (Windsong Global portfolio company).

fintechfutures.com
Feb 1

AMC announced agreement with lenders on the Muvico Senior Secured Notes and refinancing flexibility for term loan and Odeon notes.

investor.amctheatres.com
Feb 1

Discontinued Quicken Direct Connect support; migrated members to Express Web Connect.

techcu.com
Feb 1

Strategic collaboration with PayPal announced, offering complimentary Prime Discovery membership to PayPal customers in UK, France, Germany, and Spain.

businesswire.com
Feb 1

Published business funding overview promoting Quick Capital as alternative SME finance

zapper.com
Feb 1

Buy with Prime announced expansion to adidas online store and app.

buywithprime.amazon.com
Feb 1

JenesisNow February product update adds payment-summary reporting and routes only 'Credit Card to Agency' items to Simply Easier Payments and WeSignature Payments

jenesissoftware.com
Feb 1

InTReaX SaaS TMS listed on Microsoft Azure Marketplace.

ibsfintech.com
Feb 1

NPCI Bharat BillPay Ltd issued advisory on Independent Due Diligence requirements for Operating Units.

teamleaseregtech.com
Feb 1

Refinanced debt facilities and expanded banking relationships to include RMB and Investec.

ir.lesakatech.com
Feb 1

Resly celebrates fifth birthday; expansion into AU, NZ and Fiji

resly.com.au
Feb 1

Opened U.S. head office in Aventura, FL.

fieldboss.com
Feb 1

Wingspire Capital provided C$67 million revolving credit facility to Toys R Us Canada as part of a broader C$120M financing agented by Gordon Brothers.

wingspirecapital.com
Feb 1

Greater Houston Community Foundation gives inaugural $500,000 in grants for new Grameen America initiatives.

grameenamerica.org
Feb 1

Announced Principal Membership Status with Visa, enabling direct participation in Visa's network.

ffnews.com
Feb 1

Benefex and Benify officially merge and rebrand as Benifex

benifex.com
Feb 1

Filed application with CMF to register as a financial services provider under Chile's Fintech Law

blog.buda.com
Feb 1

UCCU joined NCR Atleos' Allpoint Network, expanding surcharge-free ATM access to over 40,000 locations for its members.

fintechfutures.com
Feb 1

Oze announced investment from Visa and DEG (The German Development Bank), expanding its financial infrastructure backing.

linkedin.com
Feb 1

S&P reaffirmed 'B-' global and 'brBBB/brA-2' national ratings, removed from CreditWatch positive with positive outlook after capital injections and Tier 1 issuance.

original.com.br
Feb 1

Published Annual and Sustainability Report for 2024

investors.avanza.se
Feb 1

Angi filed its 10-K for FY2024, disclosing the company's financial results and ongoing corporate structure under ANGI Group, LLC.

ir.angi.com
Feb 1

StoneX Europe Ltd published Pillar 3 Disclosure for the year ended 30 September 2024.

ir.stonex.com
Feb 1

BTG Pactual and Senior Sistemas complete formation of Senior Capital joint venture for embedded credit and financial services.

tiinside.com.br
Feb 1

Quoted ₦12.83bn Series 5 CP on FMDQ Exchange.

fmdqgroup.com
Feb 1

Hack resulting in loss of $1.5B in assets — largest crypto theft on record.

en.wikipedia.org
Feb 1

Wanderwell (B Corp) replaced World Nomads as default travel insurance task for US customers.

support.youli.io
Feb 1

Webull Financial terminated $75M revolving credit with a single national bank and entered $150M syndicated revolving credit with multiple national banks.

sec.gov
Feb 1

DBS Bank announced it powers Mashreq's global same-day cross-border payment capabilities.

zawya.com
Feb 1

Network International named issuer processor for MTN Fintech card programs

mtn.com
Feb 1

Mastercard Move collaboration announced for near real-time payouts to India, SEPA, and Nordics

acemoneytransfer.com
Feb 1

eVisit Awarded 2025 Best in KLAS for Virtual Care Platforms (Non-EHR)

evisit.com
Feb 1

UK government issued a £49m open tender for a new payment services provider for GOV.UK Pay, requiring pay by bank (open banking) processing capability.

fintechfutures.com
Feb 1

MGX (Abu Dhabi) invested $2B into Binance — the largest single crypto company investment ever, paid in stablecoin.

news.crunchbase.com
Feb 1

Nasdaq published updated Data Processing Addendum for Nasdaq Content Services (February 21, 2025).

nasdaq.com
Feb 1

Second winding-up petition filed against Lanistar by Accomplish Financial Limited

sifted.eu
Feb 1

Turo withdrew its IPO filing, ending a three-year attempt to go public.

techcrunch.com
Feb 1

Published 2024 annual financial statements via Estadão

estadaori.estadao.com.br
Feb 1

Won The Asian Banker Best Digital Bank in Vietnam & Top 100 Global Digital Banks

cake.vn
Feb 1

Reported 2024 full-year results: Q4 revenue $34.8M (-7% YoY), Dice revenue -14%, ClearanceJobs +7%

dhigroupinc.com
Feb 1

Travel Rule compliance enforced for API-based withdrawals of $1,000 or more, extending existing frontend requirement to all API consumers.

docs.bitfinex.com
Feb 1

FTC disbursed more than $2.6 million in refunds to small businesses harmed by First American Payment Systems following the 2022 lawsuit settlement.

ftc.gov
Feb 1

Corporate Cards page updated with Trustpilot score as of 19 February 2026, highlighting corporate payment solutions for T&E and B2B supplier spend.

lloydsbank.com
Feb 1

Signed MoU with Bahrain Islamic Bank for revenue-based SME POS financing

tarabut.com
Feb 1

Announced proposed rebranding, 50% net profit dividend distribution (€0.061/share — highest in bank history), and up to 5% net profit allocation for share buybacks.

globenewswire.com
Feb 1

Published continued commitment to data stewardship, reaffirming clinics as data controllers.

petsapp.com
Feb 1

WorkWave announced Wavelytics business analytics product for PestPac customers

pestpac.com
Feb 1

Reported to be scaling up lending operations after five years in market

facebook.com
Feb 1

TechCrunch profile on Workhelix's AI-adoption research approach

techcrunch.com
Feb 1

Achieved SOC 2 Type 2 certification.

unique.ch
Feb 1

Published updated Póliza de Seguro de Protección para tarjetas de crédito y/o débito (card protection insurance policy), February 2025.

gob.pe
Feb 1

HSBC Innovation Banking published a case study on Yoto's use of the HSBC Growth Lending Fund and international network to scale internationally.

business.hsbc.com
Feb 1

Updated Personal Account General Terms published (February 2025), covering overdrafts, direct debits, and payment terms.

starlingbank.com
Feb 1

BisB signed MoU with Tarabut to develop POS-transaction-based revenue-based financing for SMEs and corporates.

bisb.com

Where this comes from

Each 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.

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By theApideck research team— the unified API platform behind this news archive.