Sub-sector
BaaS
Sourced fintech market events in BaaS. 44 events tracked across M&A, funding, partnerships, product launches, regulatory, buyer theses, personnel moves, and customer wins.
44 Events
$2.8B Disclosed value
$29M Median value
Windsor Drake tracks 44 sourced fintech market events in BaaS from 2020–2026, each with a cited source. Across the 13 with disclosed values, total disclosed value is $2.8B, with a median of $29M. The largest disclosed deal is SoFi / Galileo 2020 at $1.2B. The most active acquirers are SoFi (2). Activity was heaviest in 2022, with 12 tracked events.
Frequently asked questions
How many fintech events in BaaS does Windsor Drake track?
Windsor Drake tracks 44 sourced fintech market events in BaaS from 2020–2026, each backed by a cited source.
What is the typical deal size in BaaS?
Across 13 events in BaaS with disclosed values, the median is $29M and total disclosed value is $2.8B.
What is the largest BaaS deal tracked?
SoFi / Galileo 2020, at $1.2B.
Who are the most active acquirers in BaaS?
SoFi (2 deals).
By event type
Most active companies in BaaS
Events
| Primary | Event type | Counterparty | Value | Sub-sector | Date |
|---|---|---|---|---|---|
| TBX (formerly TransBnk) | Funding Round | Bessemer Venture Partners, Arkam Ventures, Fundamentum Partnership, 8i Ventures, Accion Venture Labs, GMO Venture Partners | $30M | BaaS | June 4, 2026 |
| DXC Technology | Product Launch | BaaS | June 2, 2026 | ||
| MobilityOne Limited | Regulatory | Labuan Financial Services Authority | BaaS | December 23, 2025 | |
| PayPal Holdings | Regulatory | Federal Deposit Insurance Corp., Utah Department of Financial Institutions | BaaS | December 15, 2025 | |
| Banco Master | Transaction | Fictor Holding Financeira | BaaS | November 18, 2025 | |
| Kaya Founders | Funding Round | Pavilion Capital, Bracebridge Capital, Concentric Equity Partners, AMTI | $25M | BaaS | November 11, 2025 |
| General Bank of Canada | Strategic Partnership | Thought Machine | BaaS | October 29, 2025 | |
| National Bank Holdings Corporation | Buyer Thesis | BaaS | October 22, 2025 | ||
| ToolCharm | Transaction | OneEthos | BaaS | December 4, 2024 | |
| CFPB | Regulatory | Open banking ecosystem | BaaS | October 22, 2024 | |
| Alkami Technology | Strategic Partnership | Intrepid Credit Union | BaaS | October 4, 2024 | |
| Brass | Transaction | Paystack | BaaS | May 1, 2024 | |
| Socure | Product Launch | BaaS | November 30, 2023 | ||
| NET Credit Union | Strategic Partnership | Bankjoy | BaaS | October 23, 2023 | |
| Kwara | Funding Round | DOB Equity, Globivest, One Day Yes, Base Capital | $3M | BaaS | January 16, 2023 |
| FinWise Bank | Strategic Partnership | Finastra | BaaS | December 21, 2022 | |
| C6 Bank | Strategic Partnership | Thought Machine | BaaS | December 9, 2022 | |
| First Fidelity Bank | Product Launch | Unifimoney | BaaS | December 8, 2022 | |
| Mbanq | Transaction | Temenos | BaaS | December 2, 2022 | |
| Abu Dhabi Global Market (ADGM) | Strategic Partnership | Abu Dhabi Islamic Bank (ADIB), RAKBANK, Wio Bank | BaaS | November 18, 2022 | |
| Wamo | Funding Round | $2M | BaaS | November 15, 2022 | |
| Tellow | Strategic Partnership | Swan | BaaS | November 10, 2022 | |
| Prepay Nation | Strategic Partnership | Neofie | BaaS | November 8, 2022 | |
| Lumin Digital | Product Launch | SELCO Community Credit Union | BaaS | November 3, 2022 | |
| Maplerad | Funding Round | Valar Ventures | $6M | BaaS | August 1, 2022 |
| Apiture | Funding Round | $29M | BaaS | July 1, 2022 | |
| Technisys | Transaction | SoFi | $1.1B | BaaS | February 22, 2022 |
| Temenos | Strategic Partnership | Mbanq | BaaS | December 2, 2021 | |
| Thought Machine | Funding Round | Nyca Partners | $200M | BaaS | November 29, 2021 |
| SPENN Technology A/S | Regulatory | Nasdaq First North Growth Market | BaaS | November 4, 2021 | |
| Swap | Funding Round | Tiger Global Management | $25M | BaaS | October 28, 2021 |
| Parpera | Strategic Partnership | Railspay, Volt Bank | BaaS | October 18, 2021 | |
| Productfy | Funding Round | CM Ventures | $16M | BaaS | October 8, 2021 |
| Customers Bank | Strategic Partnership | Tassat | BaaS | October 1, 2021 | |
| Hub Fintech | Transaction | Magazine Luiza | BaaS | December 21, 2020 | |
| Fidor Solutions | Transaction | Sopra Steria | BaaS | November 18, 2020 | |
| Central 1 | Strategic Partnership | thirdstream | BaaS | October 21, 2020 | |
| thirdstream | Strategic Partnership | Central 1 | BaaS | October 21, 2020 | |
| Razorpay | Funding Round | GIC, Sequoia Capital India, Ribbit Capital, Tiger Global, Y Combinator, Matrix Partners | $100M | BaaS | October 12, 2020 |
| AppTech Corp. | Strategic Partnership | NEC Payments B.S.C(c) | BaaS | October 5, 2020 | |
| Monese | Strategic Partnership | Thought Machine | BaaS | October 5, 2020 | |
| BankMobile | Transaction | Megalith Financial Acquisition Corporation | BaaS | August 1, 2020 | |
| BCDC Bank | Transaction | Equity Group Holdings | $95M | BaaS | August 1, 2020 |
| Galileo Financial Technologies | Transaction | SoFi | $1.2B | BaaS | April 7, 2020 |