Sponsor bank tracked in the Embedded Finance Index. Named by 109 companies, most often as their sponsor bank.
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109 companies name Evolve Bank & Trust in their stack. The most common role is sponsor bank (101). A company can use the same bank for more than one thing.
Evolve Bank & Trust is an Arkansas-chartered community bank that pivoted heavily into banking-as-a-service (BaaS) during the fintech boom, operating its 'Evolve Open Banking' division as a sponsor bank and infrastructure provider for hundreds of fintech startups. The bank provides card issuing, card acquiring, virtual accounts, ACH, wire, and lending APIs directly to fintech clients. The 2024 Synapse collapse brought significant regulatory and reputational scrutiny to the bank's BaaS model, as Evolve was one of the primary custodian banks behind Synapse's ledger infrastructure. The bank continues to operate both traditional business banking and BaaS/open banking divisions.
Other banks named for Sponsor Bank in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
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<img src="https://www.embeddedfinanceindex.com/api/badge/evolve-bank-and-trust/install" width="1" height="1" alt="" style="display:none">109 companies disclose Evolve Bank & Trust in their stack in the Embedded Finance Index 2026, including Central, TeamUp, Usa National, Momento, Gig Wage, Elroy, Affirms Bnpl, Upright, Usio, Cashably and 2 others.
Evolve Bank & Trust is a sponsor bank. Companies in the Embedded Finance Index 2026 name it as their sponsor bank (101), banking-as-a-service (72) and card issuer (10).
Yes: Fed cease-and-desist 2024.
The most-disclosed Sponsor Bank alternatives to Evolve Bank & Trust are Sutton Bank (65 buyers), Cross River (64 buyers), Pathward (43 buyers), Celtic Bank (39 buyers), Community Federal Savings Bank (37 buyers) and Thread Bank (31 buyers).
Evolve Bank & Trust is headquartered in Memphis, Tennessee, USA.
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