Sub-sector
BaaS
Sourced fintech market events in BaaS. 57 events tracked across M&A, funding, partnerships, product launches, regulatory, buyer theses, personnel moves, and customer wins.
57 Events
$2.9B Disclosed value
$29M Median value
Windsor Drake tracks 57 sourced fintech market events in BaaS from 2020–2026, each with a cited source. Across the 16 with disclosed values, total disclosed value is $2.9B, 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 13 tracked events.
Frequently asked questions
How many fintech events in BaaS does Windsor Drake track?
Windsor Drake tracks 57 sourced fintech market events in BaaS from 2020–2026, each backed by a cited source.
What is the typical deal size in BaaS?
Across 16 events in BaaS with disclosed values, the median is $29M and total disclosed value is $2.9B.
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 |
|---|---|---|---|---|---|
| Maximum | Funding Round | CRV, Pear VC, Restive, Plug and Play Ventures, Anthemis | $30M | BaaS | August 6, 2026 |
| 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 | |
| Fusion Bank | Product Launch | WeBank | BaaS | November 22, 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 | |
| Synctera | Strategic Partnership | National Bank | BaaS | December 15, 2023 | |
| 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 | |
| Intellect Global Transaction Banking (iGTB) | Product Launch | BaaS | October 24, 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 |
| Kensington Mortgages | Transaction | Starling Bank | BaaS | November 14, 2021 | |
| MTN Nigeria | Regulatory | Central Bank of Nigeria | BaaS | November 14, 2021 | |
| SPENN Technology A/S | Regulatory | Nasdaq First North Growth Market | BaaS | November 4, 2021 | |
| MIDBANK | Strategic Partnership | Temenos | BaaS | November 1, 2021 | |
| Swap | Funding Round | Tiger Global Management | $25M | BaaS | October 28, 2021 |
| MainStreet Bancshares | Strategic Partnership | BaaS | October 26, 2021 | ||
| Glia | Strategic Partnership | Q2 Holdings, Inc. | BaaS | October 25, 2021 | |
| Veem | Strategic Partnership | Q2 Holdings, Inc. | BaaS | October 21, 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 | |
| Finzly | Strategic Partnership | Texas First Bank | BaaS | December 15, 2020 | |
| Synctera | Funding Round | Lightspeed Venture Partners | $12M | BaaS | December 8, 2020 |
| Moov | Funding Round | Andreessen Horowitz | $27M | BaaS | December 4, 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 | |
| Bahrain Development Bank | Strategic Partnership | Tata Consultancy Services | BaaS | October 13, 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 | |
| BCDC Bank | Transaction | Equity Group Holdings | $95M | BaaS | August 1, 2020 |
| Galileo Financial Technologies | Transaction | SoFi | $1.2B | BaaS | April 7, 2020 |