187 developments from 176 companies: 11 acquisitions, 28 funding, 43 partnerships and integrations, 29 launches, 6 licences and regulators, 70 other developments.
Raised $90M at $2B+ valuation; plans to expand into financial services source
Raised $60M led by Comvest Partners ($25M) and Barings ($25M) with $10M follow-on from RedBird Capital to accelerate PaaS expansion. source
Launched embedded banking with Swan, then was acquired by Visma (embedded finance expansion on the horizon).
embeddedfinancereview.comTwiga Foods acquired majority stakes in three regional FMCG distributors: Jumra, Sojpar, and Raisons, to cover all regions of Kenya.
techpoint.africaFlex acquired Maza for $40M; Maza rebrands as Flex Consumer. Wellington provided an additional $10M investment in Flex as part of the deal.
techcrunch.comPeach Payments acquired PayDunya for an undisclosed sum to enter Francophone Africa; PayDunya handles 70,000 transactions daily and serves 4,000+ B2B clients across six countries.
fintechfutures.comFiserv acquired Pinch Payments to expand its APAC presence and Clover ecosystem.
fintechfutures.comAcquired Austrian insurance-card provider Hi.Health and partnered with Pflegenavi for point-of-sale card payments in Austrian care facilities.
eu-startups.comFundThrough acquired Ampla for an undisclosed sum and simultaneously raised a $25M Series B led by Klister Credit Corp, citing Ampla's platform for working capital, banking, corporate cards, and analytics.
fintechweekly.comIntesa Sanpaolo (IMI Corporate & Investment Banking Division) co-underwrote a €1.5bn loan (€1bn term loan + €0.5bn bridge facility) to finance Prada S.p.A.'s acquisition of Versace.
group.intesasanpaolo.comRaised a $52M Series C to expand its API brokerage/investment-as-a-service platform to the Middle East, Europe, and Asia.
techcrunch.comRyft raises £5.7M to expand embedded payments for European marketplaces.
embeddedfinancereview.comPlaid completed a tender offer at a $6.1B valuation to provide employee liquidity.
news.crunchbase.comClosed €21.5M Series B round led by CDP Venture Capital SGR with SIMEST, Azimut Libera Impresa SGR, and Alisei Forinvestments.
cdpventurecapital.itRaised $18M led by Vertex ($15M minority stake, ~10%; $3M from existing investors) at a $150M post-money valuation, with IP sharing and a revenue-share partnership.
techcrunch.comClosed $52M pre-Series A led by Zayn VC with $47M financing from Meezan Bank; announced KSA launch.
businesswire.comBanxa announced a secured promissory note of up to US$5.0 million from an arm's-length third party for working capital, maturing in six months at 10% p.a.
newsfilecorp.comMohegan finalizes refinancing including $1.2B in secured notes, a new $250M five-year revolving credit facility (Citibank N.A. as agent), private exchange of $226M of 2027 unsecured notes for 2031 secured notes, and agreement to extend remaining 2027 notes.
mohegangaming.comChomps secured a $100 million revolving line of credit with Wells Fargo to expand production capacity and support retail and marketing initiatives.
abfjournal.comMuthoot Fincorp launched NCD Tranche II (April 2025) raising up to Rs 350 crore, rated CRISIL AA-/Stable.
rrfinance.comPliant raised a $40M Series B led by Illuminate Financial and Speedinvest, with participation from PayPal Ventures and Motive Ventures, bringing total funding to over $100M and announcing US expansion.
getpliant.comClosed $55M Series B led by QED Investors to expand in-person payments and move into acquiring.
stitch.moneyTapcheck raised $225M in equity and debt financing, including a $25M Series A extension led by PeakSpan Capital and a $200M credit facility from Victory Park Capital.
businesswire.comRaised $48M Series A led by Oak HC/FT, described as the largest Series A by a woman-led Latin American fintech. Total funding reached approximately $65M.
fintechfutures.comRaised $60M led by Comvest Partners ($25M) and Barings ($25M) with $10M follow-on from RedBird Capital to accelerate PaaS expansion.
prnewswire.comPartnered with BMW and Mini Ireland to launch embedded car insurance (online quotes, policy signing, management).
finance.yahoo.comtZERO Group joined Arca, Tassat, Avalanche, U.S. Bank, B2C2, Galaxy Digital, and Wintermute to announce Lynq — a real-time settlement network powered by a tokenized Treasury fund with daily yield for institutional clients, slated for Q2 2025 go-live.
americanbanker.comPayPay Paycheck digital payroll service adopted by 100 companies; API integration with OBC Bugyo Edge
about.paypay.ne.jpNPCI extended the RuPay Insurance Program for FY 2025-26 with New India Assurance Company as insurance partner for PMJDY cards.
pnb.bank.inAnnounced strategic partnership with Acorn Finance for embedded consumer financing
accessnewswire.comStride Bank, N.A. announced as a new Affirm Card issuing partner alongside Evolve Bank & Trust.
investors.affirm.comBAAN Holding partnership announced at Arabian Travel Market 2025
thedigitalhotelier.comPapa Johns UK announced a partnership with TrueLayer to offer Pay by Bank as a checkout option, reducing payment costs by more than 40% and eliminating chargebacks.
truelayer.comLaunched MGA Policy Admin Suite 2.0 with integrated partner ecosystem and new features targeting MGA growth.
insillion.comMangopay issued press release confirming partnership to bring seamless payment experiences to Maisons du Monde.
mangopay.comPaysend partnered with Tink (a Visa Solution) to enhance Open Banking payment capabilities and expand into new markets.
paysend.comCoinbase increased Bitcoin-backed USDC loan limit to $1M (later $5M), reporting $130M in originations in 2025, powered by Morpho's onchain lending protocol.
theblock.coJeonbuk Bank and KakaoBank jointly selected as innovative financial services co-lending providers by South Korea's Financial Services Commission; system development for H2 2025 launch began.
newsis.comPartnered with Mobikash to deliver financial literacy training to 150 informal-sector workers in Abuja.
heirsinsurancegroup.comFoursource selected Mangopay to power marketplace payment infrastructure including pay-ins, payouts, and multi-currency wallet functionality.
mangopay.comStrategic partnership announced with eDynamix to integrate Payment Assist BNPL, card and open banking into the exstoPay suite
blog.payment-assist.co.ukSalad Africa partnered with Glovo to extend embedded working capital financing to Glovo merchant partners in Nigeria.
techcabal.comBalance announced embedded invoicing partnership with Instacart Business, enabling instant credit decisions and 30-day deferred payment terms within the Instacart app.
getbalance.comPartnered with Balance to embed invoicing and credit services into its merchant app.
finextra.comHelcim launched a direct QuickBooks Online integration, automatically embedding payment links in invoices sent from QuickBooks.
learn.helcim.comBlackbaud launched Blackbaud Integrated Payments, extending payment processing to third-party software providers via its Payments API and integrating with YourCause CSR solution.
blackbaud.comPayMyTuition launched a fully integrated Expense and Spend Management Software for higher education.
paymytuition.comExtended ICE data partnership to ICE Connect Desktop and Connect Enterprise API
clearbluemarkets.comTapcheck achieved certified integration status on the Workday Marketplace, enabling EWA for Workday HCM customers.
paymentsdive.comVeriff and Legitify announced a formal partnership to integrate Veriff's AI-native identity verification into Legitify's digital notarisation flow, addressing cross-border transaction demand.
legitify.euAria integrates Mangopay to power international growth, enabling multi-currency wallet infrastructure for B2B payment flows.
mangopay.comRevolve Group partnered with Affirm to offer pay-over-time at checkout for U.S. shoppers.
investors.affirm.comAnnounced expanded TransUnion partnership to launch Credit Hero Club in Hong Kong in Q2 2025.
moneyherogroup.comRazer partners with Youverse / World ID for biometric human verification in gaming.
biometricupdate.comWorld ID integration announced alongside Visa and Match Group; Razer will embed World ID into hardware, Orb stations, and esports.
fintechnews.mySprinque announced partnership with Mangopay to provide holistic payments solutions for B2B marketplaces.
mangopay.comEpos Now announced a deepened partnership with Xero to provide near real-time automated data sync for merchants globally.
eposnow.comComvest Partners' Charles Asfour and Barings' Michael Searles joined as board observers.
fintechfutures.comBilt launched Bilt Card 2.0 with new four-party issuing stack: Column (bank/lender of record), Cardless (servicing), Fidem (receivables funding), on Mastercard rails.
viewfromthewing.comLaunched Automated Sales Tax (AST) feature to automatically calculate sales tax on jobs and invoices.
help.housecallpro.comQNB Turkey Banking as a Service page went live, offering third-party embedding of QNB banking products via open banking infrastructure.
qnb.com.trLaunched International Payments with smart-routing across SWIFT and local rails
businesswire.comEarly Exit policy surpassed 1 million customers helped and 25 million parlay legs protected since its mid-2025 launch.
covers.comVictoriabank's PSD2 production API (powered by Salt Edge Priora) went live.
priora.saltedge.comIntroduced Spend Management platform across business credit cards.
businesswire.comLaunched physical Tarjeta Débito peiGo with nationwide ATM and Banco del Barrio withdrawal access.
peigo.com.ecPaysafe announced the launch of the PagoEfectivo digital wallet in Peru, adding eCash, bank transfers, P2P, and mobile wallet features to its existing CIP code product.
paysafe.comCredefi launched NFT Bonds on Polytrade's RWA Marketplace with 22% annual yield and $750,000+ real-world collateral backing.
credefi.ioLaunched Bodega Ai, a smarter POS solution for independent retail merchants in Canada.
payroc.comPayMyTuition launched an AI-driven Accounts Payable Module for higher education.
paymytuition.comLaunched Vantage Position Optimization module for compliance carbon portfolio scenario forecasting
clearbluemarkets.comnCino launched ProBanker by FullCircl, making FullCircl's client lifecycle management technology generally available within the nCino banking platform.
financialit.netYieldstreet and Upgrade Inc. completed agreement to purchase BNPL travel loan assets through Upgrade's Flex Pay product, introducing consumer credit exposure to platform investors.
businesswire.comLaunched new digital self-service credit channel for non-account holders via BMG app
ecommerceupdate.orgRAKBANK launched Protego, a fully operational insurance aggregator platform subsidiary, enabling UAE residents to buy, manage, and claim insurance policies with real-time price comparisons.
gccbusinessnews.comIntesa Sanpaolo and Thales launched a co-badged card for Google Pay supporting the Bancomat domestic scheme in Italy.
linkedin.comKFH launched WAMD service enabling customers to send and receive money via mobile number.
financialit.netPublished Compliance Handbook positioning Payactiv as the EWA regulatory gold standard, updated April 24, 2025.
payactiv.comLaunched yetipay Capital, providing UK SMBs with pre-approved working-capital loans powered by Adyen, with next-business-day funding and repayments deducted from daily card takings.
yetipay.meParx Casino Category 1 Slot Machine Operator License Renewal public input hearing held before the PA Gaming Control Board in Bensalem, PA.
gamingcontrolboard.pa.govPublished CEO commentary on BNPL regulatory trends and seamless customer experience requirements.
mypinpad.comCNBV approved Nu México's application for a full Banca Múltiple banking license — the first SOFIPO ever to receive such approval in Mexico.
blog.nu.com.mxSony Bank announced a privacy policy revision effective May 22, 2025, consolidating Sony Group and Sony Bank privacy policies.
sonybank.jpMastercard expanding BNPL beyond retail via Mastercard Installments embedded into the broader network (medical bills, utilities, B2B).
pymnts.comQNBpay operating as a regulated Turkish payment services entity offering multi-channel POS and next-day settlement for merchants.
qnbpay.com.trSolid filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Delaware; attempting to restructure or sell.
techcrunch.comKanTime spoke at Hospice ELEVATE on AI and digital tools in hospice & palliative care.
kantime.comReported first full year of profitability (€2M net income on €204M revenue, +25% YoY)
maddyness.comAuthentic Insurance published case study detailing PushPress's insurance program results: 8% adoption in 6 months, 9/10 satisfaction score, 25% average savings.
blog.authenticinsurance.comPublished case study detailing transformation of a Tier 1 Indian health insurance carrier's omnichannel distribution with quote, payment, and policy generation flows.
insillion.comEquals Money and Railsr formally combined, announced as a 'new chapter in embedded finance', creating one of Europe's largest embedded finance platforms.
equalsmoney.comLINKBANCORP announced record Q1 2025 net income of $15.3 million ($0.41 per diluted share) and declared a quarterly dividend of $0.075 per share.
prnewswire.comUtimaco announced Payment HSMaaS is now available on IBM Cloud for Financial Services, enabling banks and PSPs to access PCI-compliant HSM capabilities via the IBM Cloud Catalog.
utimaco.comAnnounced Strategic Lending and Credit Enhanced Balance Sheet Program with Backd Business Funding for SMB installment loans
finwise.bankSought $5M loan from UK-based Advanced Global Capital weeks after administration
techcabal.comAdded Legal_name field for submerchants to comply with new card network requirements (effective April 11, 2025).
docs.pagar.meTouchStay (UK digital guidebook SaaS) acquisition completed within ~90 days of first contact per founder testimonial.
itrinity.comCheckout.com published a profile of Andres Treviño, Zone Payments Management AVP for the Americas at L'Oréal, signalling Checkout.com's relationship with L'Oréal on payments.
checkout.comLiberis security page updated (ISO 27001 certified infrastructure), last updated April 11, 2025.
liberis.comUpdated Master Subscription Agreement and Payment Service Terms published, formalising ABC's role as a payment facilitator for merchants including its Canadian subsidiary 3287646 Nova Scotia Company.
abcfitness.comGap Inc. published its annual statement under the California Transparency in Supply Chains Act, UK Modern Slavery Act, and Canada Fighting Against Forced Labour and Child Labour in Supply Chains Act, reaffirming labor rights commitments across all four brands.
gapinc-prod-a6bndyfubmc5d9ey.z03.azurefd.netWireBarley completed SOC 1 and SOC 2 compliance audits (Security and Availability principles), announced via PRNewswire.
aijourn.comClosed $187.5 million committed warehouse facility with Natixis Corporate & Investment Banking (senior) and Neuberger Berman (mezzanine), increasing total committed warehouse capacity to $954 million.
oportun.comPlatform version 5.5.12 released with new tokens, multi-company switching, sensitive log encryption, and bug fixes.
dimepayments.comRocket Mortgage, LLC entered into a Revolving Credit Agreement with JPMorgan Chase Bank, N.A. as Administrative Agent, later succeeded by Rocket Companies, Inc. as borrower.
sec.govBlog posts confirm continued operation with payment options including iDEAL, Sofort, cryptocurrencies, and cards, and updated seller verification requirements.
eldorado.ggPublished article on Open Finance opportunities for companies, signaling strategic interest in data-sharing and financial API connectivity.
flashapp.com.brFinzly CEO Booshan Rengachari presented at Finzpire 2025, highlighting payment orchestration trends and the acceleration of banking modernization.
finzly.comQualcomm published an updated legal entity list as of April 2, 2025 listing 40+ global subsidiaries that may act as sub-processors.
qualcomm.comHSBC updated its Open Banking Implementation Guide (v4.0) covering TPP registration, VRP, AIS, and PIS capabilities across personal and business banking channels.
develop.hsbc.comExpanded availability to 19 countries including Australia, UK, France, India, and others per homepage.
utoppia.comMigration of Procountor services to Microsoft Azure public cloud data centers in Europe announced, with a planned weekend maintenance window.
help.procountor.fiCDSS completed issuance of chip-and-tap enabled replacement EBT cards to all 4.4 million EBT clients.
cdss.ca.govGMO Enpay added bank account direct debit across 100+ Japanese financial institutions
gmo-pg.comFerguson Enterprises entered a $1.5 billion revolving credit agreement (SEC filing).
marketscreener.comEnova published Q1 2025 Investor Presentation highlighting record 2024 originations of $4 billion, 26% revenue growth, and 43% EPS increase year-over-year.
ir.enova.comCEO Paulo Silva interviewed on BM&C News; highlighted AI-driven Home Equity underwriting engine.
franq.com.brAdded Liquid, Inc. as a subprocessor for Identity Verification (IDV) and Trust Service Provider (TSP) services.
docusign.comCIBC Innovation Banking led a syndicated debt facility for Vena (Centaur status, >US$100M ARR).
innovationbanking.cibc.comReceived Audit Compliance Trustmark (2025) affirming adherence to data protection and audit standards.
beyondcredit.com.ngBanorte updated its Aviso de Privacidad Integral (April 22, 2026 version) reflecting evolving data governance across all group entities.
banorte.comT-Mobile posted Principal Architect roles for FinTech Platforms and Payment & Fraud Systems in Bellevue
crawljobs.comQ1 2025: loan portfolio grew 2% QoQ, NFC income up 17% YoY; successfully issued €300M senior preferred notes with high book oversubscription.
financialreports.euForbes coverage of Toku as a fast-growing fintech bringing Stripe-like payments to Latin America.
forbes.comE Ala Cafe opened in Kapa'a, Kaua'i, Hawaii after Misha Anuhea Laney secured business financing through Lendio.
lendio.comHourly publicly switched embedded payroll providers from Gusto Embedded to Check (CheckHQ), migrating hundreds of millions of dollars of annual payroll in ~3 months.
linkedin.comFirst debenture issuance completed (Anúncio de Encerramento - 1a Emissão de Debênture).
bullla.com.brAlloy Labs, a consortium of 80+ community banks, joined Linker Finance as a strategic investor to accelerate community bank innovation.
prnewswire.comUpdated Personal Data Protection Policy for PrestaShop Account and PrestaShop Services, reflecting ongoing compliance with GDPR.
prestashop.comPowered an embedded payment-run (accounts payable) solution for hospitality software provider Paperchase, using Comma's open banking technology.
finextra.comUpdated Open Banking Services Agreement with enhanced data handling, security protocols, and third-party data provider requirements.
dwolla.comAnnounced migration of Alymente card to Visa network, replacing previous card brand.
alymente.com.brEdenred Payment Solutions publishes thought leadership on embedded finance vs. BaaS distinction, positioning itself as an embedded finance infrastructure provider for fintechs in UK and EU.
eps.edenred.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.