Sub-sector
Card Issuing
Sourced fintech market events in Card Issuing. 77 events tracked across M&A, funding, partnerships, product launches, regulatory, buyer theses, personnel moves, and customer wins.
77 Events
$2.6B Disclosed value
$40M Median value
Windsor Drake tracks 77 sourced fintech market events in Card Issuing from 2020–2026, each with a cited source. Across the 22 with disclosed values, total disclosed value is $2.6B, with a median of $40M. The largest disclosed deal is Mastercard seeks cost-sharing from Brazilian processors for Banco Master collapse losses. at $997M. Activity was heaviest in 2026, with 26 tracked events.
Frequently asked questions
How many fintech events in Card Issuing does Windsor Drake track?
Windsor Drake tracks 77 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 22 events in Card Issuing with disclosed values, the median is $40M and total disclosed value is $2.6B.
What is the largest Card Issuing deal tracked?
Mastercard seeks cost-sharing from Brazilian processors for Banco Master collapse losses., at $997M.
By event type
Most active companies in Card Issuing
Events
| Primary | Event type | Counterparty | Value | Sub-sector | Date |
|---|---|---|---|---|---|
| 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 | |
| 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 |
| Marqeta, Inc. | Regulatory | U.S. Securities and Exchange Commission | Card Issuing | December 17, 2024 | |
| Rio.money | Product Launch | Yes Bank, NPCI | Card Issuing | November 18, 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 | |
| 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 | |
| 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 |
| 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 | |
| RazorpayX | Strategic Partnership | Visa | Card Issuing | November 26, 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 |