Sub-sector
Card Issuing
Sourced fintech market events in Card Issuing. 103 events tracked across M&A, funding, partnerships, product launches, regulatory, buyer theses, personnel moves, and customer wins.
103 Events
$4.7B Disclosed value
$50M Median value
Windsor Drake tracks 103 sourced fintech market events in Card Issuing from 2020–2026, each with a cited source. Across the 26 with disclosed values, total disclosed value is $4.7B, with a median of $50M. The largest disclosed deal is Visa and EFT Corporation five-year partnership for African digital payments at $1.0B. Activity was heaviest in 2026, with 38 tracked events.
Frequently asked questions
How many fintech events in Card Issuing does Windsor Drake track?
Windsor Drake tracks 103 sourced fintech market events in Card Issuing from 2020–2026, each backed by a cited source.
What is the typical deal size in Card Issuing?
Across 26 events in Card Issuing with disclosed values, the median is $50M and total disclosed value is $4.7B.
What is the largest Card Issuing deal tracked?
Visa and EFT Corporation five-year partnership for African digital payments, at $1.0B.
By event type
Most active companies in Card Issuing
Events
| Primary | Event type | Counterparty | Value | Sub-sector | Date |
|---|---|---|---|---|---|
| Thredd | Strategic Partnership | Card Issuing | July 17, 2026 | ||
| Strivve | Product Launch | Card Issuing | July 17, 2026 | ||
| Mastercard | Product Launch | Card Issuing | July 17, 2026 | ||
| Mastercard | Product Launch | Card Issuing | July 16, 2026 | ||
| ABN Amro | Strategic Partnership | Card Issuing | July 16, 2026 | ||
| Finovifi | Strategic Partnership | Card Issuing | July 15, 2026 | ||
| HSBC UK | Strategic Partnership | Card Issuing | July 15, 2026 | ||
| Thredd | Strategic Partnership | Card Issuing | July 15, 2026 | ||
| Consumer Financial Protection Bureau | Regulatory | Card Issuing | July 9, 2026 | ||
| Satispay | Strategic Partnership | Card Issuing | July 8, 2026 | ||
| Episode Six | Strategic Partnership | Card Issuing | July 7, 2026 | ||
| BBVA | Product Launch | Card Issuing | July 6, 2026 | ||
| ZEN.COM | Product Launch | Card Issuing | July 3, 2026 | ||
| Oman Arab Bank | Product Launch | Card Issuing | July 2, 2026 | ||
| Paysera | Strategic Partnership | Card Issuing | July 2, 2026 | ||
| American Express | Product Launch | Card Issuing | July 1, 2026 | ||
| Coverd | Product Launch | Card Issuing | June 28, 2026 | ||
| Thredd | Product Launch | Card Issuing | June 24, 2026 | ||
| Thread | Product Launch | Card Issuing | June 24, 2026 | ||
| CSU Digital | Strategic Partnership | Card Issuing | June 24, 2026 | ||
| Alchemy | Strategic Partnership | Card Issuing | June 18, 2026 | ||
| EQ Bank | Product Launch | Card Issuing | June 18, 2026 | ||
| Karta | Funding Round | $140M | Card Issuing | June 17, 2026 | |
| BBVA | Product Launch | Card Issuing | June 17, 2026 | ||
| PayMongo | Product Launch | Card Issuing | June 16, 2026 | ||
| POSDATA | Transaction | Levata | Card Issuing | June 11, 2026 | |
| Monzo | Strategic Partnership | Card Issuing | June 9, 2026 | ||
| RS2 | Buyer Thesis | Card Issuing | June 5, 2026 | ||
| Bilt | Regulatory | Consumer Financial Protection Bureau | Card Issuing | June 4, 2026 | |
| Revolut | Product Launch | Card Issuing | June 4, 2026 | ||
| Thredd | Strategic Partnership | Card Issuing | June 2, 2026 | ||
| Fresh Connect | Product Launch | Card Issuing | May 28, 2026 | ||
| Bilt | Regulatory | Card Issuing | May 28, 2026 | ||
| Enfuce | Personnel Move | Card Issuing | May 26, 2026 | ||
| Mercantile | Product Launch | Card Issuing | May 26, 2026 | ||
| Mastercard | Strategic Partnership | Card Issuing | May 24, 2026 | ||
| Mastercard | Regulatory | $997M | Card Issuing | May 22, 2026 | |
| GBank Financial Holdings Inc. | Strategic Partnership | BoltBetz | Card Issuing | April 29, 2026 | |
| Netbank | Strategic Partnership | Thredd | Card Issuing | December 10, 2025 | |
| Thredd | Strategic Partnership | BigPay | Card Issuing | November 26, 2025 | |
| Galaxi Brands | Strategic Partnership | Otaku Cash | Card Issuing | November 11, 2025 | |
| First Circle Capital | Funding Round | IFC | $6M | Card Issuing | November 9, 2025 |
| Beyond by RS2 | Product Launch | Mastercard | Card Issuing | November 7, 2025 | |
| Marqeta, Inc. | Regulatory | U.S. Securities and Exchange Commission | Card Issuing | December 17, 2024 | |
| IDEX Biometrics ASA | Strategic Partnership | Cellfie Global | Card Issuing | November 19, 2024 | |
| IDEX Biometrics | Strategic Partnership | Cellfie Global | Card Issuing | November 19, 2024 | |
| Rio.money | Product Launch | Yes Bank, NPCI | Card Issuing | November 18, 2024 | |
| EFT Corporation | Strategic Partnership | Visa | $1.0B | Card Issuing | October 31, 2024 |
| EFTCorp | Strategic Partnership | Visa | $1.0B | Card Issuing | October 29, 2024 |
| Omniwire | Customer Win | Ireth | Card Issuing | October 21, 2024 | |
| Imprint | Funding Round | Khosla Ventures, Thrive Capital, Kleiner Perkins, Ribbit Capital | $75M | Card Issuing | October 10, 2024 |
| Nuvei Corporation | Strategic Partnership | JCB International Co., Ltd. | Card Issuing | October 7, 2024 | |
| Spade | Funding Round | Flourish Ventures | $10M | Card Issuing | December 6, 2023 |
| JIVF | Strategic Partnership | OpenWay | Card Issuing | December 6, 2023 | |
| JACCS International Vietnam Finance Company Ltd. (JIVF) | Strategic Partnership | OpenWay | Card Issuing | December 5, 2023 | |
| PayTabs Group | Product Launch | Card Issuing | December 1, 2023 | ||
| Epic Lanka | Product Launch | Card Issuing | November 22, 2023 | ||
| Kiwi | Funding Round | Omidyar Network India | $13M | Card Issuing | November 21, 2023 |
| PingPong | Strategic Partnership | MODIFI | Card Issuing | November 18, 2023 | |
| NAKA | Product Launch | Card Issuing | November 8, 2023 | ||
| Direct Transact | Strategic Partnership | Visa | Card Issuing | October 30, 2023 | |
| Marqeta | Product Launch | Card Issuing | October 1, 2023 | ||
| Opn | Strategic Partnership | JCB International Co., Ltd. | Card Issuing | December 22, 2022 | |
| Rakuten France | Product Launch | Marqeta, Mastercard | Card Issuing | December 15, 2022 | |
| Endpoint Payment Solutions | Funding Round | MJC Partners, NOEMIS Ventures | Card Issuing | December 1, 2022 | |
| Outseer | Personnel Move | Mike Dayton | Card Issuing | November 14, 2022 | |
| Novatti Group Ltd | Regulatory | Australian Prudential Regulation Authority | $5M | Card Issuing | November 7, 2022 |
| PingPong | Regulatory | Card Issuing | November 2, 2022 | ||
| Reap | Funding Round | Acorn Pacific Ventures, Arcadia Funds, HashKey Capital, Hustle Fund, Fresco Capital, Abacus Ventures, Payment Asia | $40M | Card Issuing | October 27, 2022 |
| ConnexPay | Funding Round | FTV Capital | $110M | Card Issuing | October 26, 2022 |
| Ayoconnect | Funding Round | SIG Venture Capital, CE Innovation Capital, PayU | $13M | Card Issuing | October 14, 2022 |
| Mercantile | Funding Round | Index Ventures | $15M | Card Issuing | October 12, 2022 |
| NITECREST | Transaction | AUSTRIACARD | Card Issuing | December 23, 2021 | |
| Aliasware | Strategic Partnership | Nacha | Card Issuing | December 17, 2021 | |
| Aliaswire | Strategic Partnership | Nacha | Card Issuing | December 13, 2021 | |
| Pleo | Funding Round | Coatue Management, Alkeon Capital | $200M | Card Issuing | December 9, 2021 |
| Cacao | Transaction | Dock | Card Issuing | December 8, 2021 | |
| Marqeta | Strategic Partnership | Klarna | Card Issuing | December 7, 2021 | |
| NQOODLET | Funding Round | Yaser Alghamdi, Saudi Venture Capital Company (SVC), OMQ Investments | $1M | Card Issuing | December 7, 2021 |
| Victor | Funding Round | MVB Edge Ventures | $6M | Card Issuing | December 3, 2021 |
| 8i Ventures | Funding Round | $50M | Card Issuing | December 2, 2021 | |
| Slice | Funding Round | Tiger Global Management, Insight Partners | $220M | Card Issuing | November 29, 2021 |
| Crossfin Technology Holdings | Transaction | Ethos Mid-Market Fund I | Card Issuing | November 24, 2021 | |
| Paycast | Strategic Partnership | Marqeta and Mastercard | Card Issuing | November 24, 2021 | |
| Airwallex | Buyer Thesis | Card Issuing | November 17, 2021 | ||
| Extend | Funding Round | March Capital | $40M | Card Issuing | October 28, 2021 |
| Extend Enterprises | Funding Round | March Capital, B Capital, Point72 Ventures, Fintech Collective, Reciprocal Ventures, Wells Fargo, Pacific Western Bank | $40M | Card Issuing | October 27, 2021 |
| Union54 | Funding Round | Tiger Global | $3M | Card Issuing | October 27, 2021 |
| Cred | Funding Round | Tiger Global, Falcon Edge, Marshall Wace, Steadfast Venture Capital, DST Global, Insight Partners, Coatue, Sofina | $251M | Card Issuing | October 19, 2021 |
| Marqeta | Strategic Partnership | Coinbase, Fold, Shakepay, Bakkt | Card Issuing | October 19, 2021 | |
| Global Processing Services | Funding Round | Advent International, Viking Global Investors | $300M | Card Issuing | October 13, 2021 |
| Highnote | Funding Round | Oak HC/FT | $54M | Card Issuing | October 11, 2021 |
| Marqeta | Customer Win | Google Pay | Card Issuing | July 1, 2021 | |
| Grand Reserve Rewards | Strategic Partnership | ProofLoyalty | Card Issuing | December 15, 2020 | |
| Travel Union | Strategic Partnership | DECTA | Card Issuing | December 15, 2020 | |
| Shopify | Strategic Partnership | Stripe, Evolve Bancorp | Card Issuing | December 4, 2020 | |
| Cred | Funding Round | DST Global, Ribbit Capital, Sequoia Capital, Tiger Global | $80M | Card Issuing | November 30, 2020 |
| RazorpayX | Strategic Partnership | Visa | Card Issuing | November 26, 2020 | |
| Visa | Strategic Partnership | ICICI Bank | Card Issuing | November 23, 2020 | |
| Lanistar | Regulatory | UK Financial Conduct Authority | Card Issuing | November 18, 2020 | |
| Silverflow | Funding Round | Crane Venture Partners, Inkef Capital | $3M | Card Issuing | October 22, 2020 |
| Galileo | Strategic Partnership | Save | Card Issuing | October 14, 2020 | |
| Lanistar | Strategic Partnership | Transact Payments, Mastercard | Card Issuing | June 15, 2020 |