Latest Embedded Finance News: Finextra Research

Company update/startups

Pan-African embedded finance Fintech Pezesha raises $11 million

Pan-African embedded finance Fintech Pezesha has raised a pre-series A investment of $11 Million.

31 August 2022

Railsr hires former Mastercard chairman Rick Haythornthwaite

Embedded finance platform Railsr has hired the former chairman of Mastercard and the World Wide Web Foundation , Rick Haythornthwaite, as its first chairman.

31 August 2022

News/wholesale

BankiFi secures £4 million for expansion into US

Machester-based fintech BankiFi has secured £4 million in funding to take its embedded bank-to-SME platform into new markets, with a focus on North America following the recent establishment of a US sales office

15 August 2022

Company update/payments

Verto releases embedded payments API

Verto, the leading B2B cross-border payments and foreign exchange (FX) enabler, today announced the launch of its new API solution, empowering businesses to automate currency conversion, global pay-outs and beneficiary management.

09 August 2022

Company update/payments

Infincept rolls out embedded payments offering

Infinicept, a leading provider of embedded payments software, today announced the launch of Infiniport, a single, open payment operations capability enabling clients to interface with any processor or alternative payment rail they choose.

08 August 2022

Company update/wholesale

Sonovate taps Demica for trade reporting

Sonovate, the leading provider of embedded finance and payment solutions for the contingent workforce, today announced a new partnership with Demica, the market-leading trade finance fintech, to enhance its reporting processes so it can continue to support thousands of business customers globally.

04 August 2022

Company update/payments

Monite and Codat partner to allow apps to embed invoicing and bill payments

Embedded finance startup Monite has partnered with the universal API for small business data, Codat, to make it faster and easier to integrate accounts payable and accounts receivable capabilities into existing apps.

26 July 2022

News/payments

Solarisbank rebrands as Solaris

Embedded finance platform Solarisbank has announced a name change to Solaris, as the legal status of the fintech company changes from a German AG to an international SE, Societas Europaea.

26 July 2022

Company update/retail

BankiFi expands into North America

BankiFi, an embedded banking solutions provider, announced its expansion into North America with the launch of BankiFi Americas.

20 July 2022

Company update/startups

Low code fintech platform Quiltt raises $4 million

Low-code consumer fintech platform Quiltt announced today that it has raised $4M in venture capital to expand access to financial services technology for consumers by dramatically lowering technical barriers for innovators.

11 July 2022

News/payments

60% of UK adults have used embedded finance services in the past year - Temenos

Research conducted by Temenos has concluded that two out of three adults have used embedded finance services during the checkout process online in the past year.

06 July 2022

News/markets

Sonovate lands £165million deal with BNP Paribas and M&G Investments

UK fintech Sonovate has unveiled a substantial securitisation deal with BNP Paribas and M&G Investments, adding £165 million to its funding.

06 July 2022

News/markets

VC investment in embedded finance doubled in 2021 across EU and US

A report by Stripe and Finch Capital has found that VC investments in embedded finance doubled between 2020 and 2021 across Europe and North America.

05 July 2022

News/payments

Finastra launches BNPL alternative

Following the news of Finastra’s new product, an embedded consumer lending solution, Finastra’s senior director of solution management, Banking-as-a-Service (BaaS), and orchestration, Jeannette Kescenovitz comments on the new service.

01 July 2022

Company update/people

Embedded finance startup Monite appoints Alex Akimov head, API

Embedded finance startup Monite has appointed Alex Akimov as Head of API, formerly also Head of API of Adyen, in the latest move in its platform scaling strategy.

27 June 2022

Company update/retail

Embedded finance player Alviere closes Silicon Valley Bank financing

Alviere, the leading provider of enterprise software solutions for embedded finance easily enabling any brand to deliver a full suite of financial products and services to customers, fans, and employees, today announced that it has secured financing from Silicon Valley Bank, the bank of the world’s most innovative companies and investors.

23 June 2022

Company update/retail

Third Coast Bank picks Treasury Prime as BaaS provider

Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the “Company” or “Third Coast”), the bank holding company for Third Coast Bank, SSB, today announced it has selected Treasury Prime, a leading banking-as-a-service (BaaS) company, as its strategic partner for its “future of banking” initiatives.

21 June 2022

News/cloud

Minna Bank hits 1 million app downloads in first year

Minna Bank, Japan’s first digital bank, has notched up over 1 million app downloads, and over 400,000 new accounts in their first 12 months.

17 June 2022

News/payments

Money 20/20 EU: When payments become an experience

Finextra caught up with Scarlett Sieber, chief strategy and growth officer at Money 20/20, and Sophie Guibaud, co-founder and chief commercial growth officer at Fiat Republic, to discuss the launch of their book 'Embedded Finance: When Payments Become An Experience.'

10 June 2022

Company update/payments

Railsr adds rewards to embedded banking proposition

Railsr, the leading global embedded finance experiences platform, has launched a new Rewards-as-a-Service (RaaS) product that enables brands to build their own branded rewards programmes.

08 June 2022