Sub-sector
Embedded Finance
Sourced fintech market events in Embedded Finance. 159 events tracked across M&A, funding, partnerships, product launches, regulatory, buyer theses, personnel moves, and customer wins.
159 Events
$7.0B Disclosed value
$35M Median value
Windsor Drake tracks 159 sourced fintech market events in Embedded Finance from 2020–2026, each with a cited source. Across the 55 with disclosed values, total disclosed value is $7.0B, with a median of $35M. The largest disclosed deal is Getir / Gorillas 2022 at $1.2B. Activity was heaviest in 2026, with 44 tracked events.
Frequently asked questions
How many fintech events in Embedded Finance does Windsor Drake track?
Windsor Drake tracks 159 sourced fintech market events in Embedded Finance from 2020–2026, each backed by a cited source.
What is the typical deal size in Embedded Finance?
Across 55 events in Embedded Finance with disclosed values, the median is $35M and total disclosed value is $7.0B.
What is the largest Embedded Finance deal tracked?
Getir / Gorillas 2022, at $1.2B.
By event type
Most active companies in Embedded Finance
Events
| Primary | Event type | Counterparty | Value | Sub-sector | Date |
|---|---|---|---|---|---|
| Synchrony | Strategic Partnership | Embedded Finance | August 17, 2026 | ||
| Galaxy Macau | Strategic Partnership | Embedded Finance | August 7, 2026 | ||
| Thredd | Strategic Partnership | Embedded Finance | August 4, 2026 | ||
| Leatherback | Transaction | Zedcrest Group | Embedded Finance | July 31, 2026 | |
| Green Dot | Buyer Thesis | Embedded Finance | July 30, 2026 | ||
| Qolo | Transaction | CSI | Embedded Finance | July 14, 2026 | |
| PayU | Buyer Thesis | Embedded Finance | July 9, 2026 | ||
| Keeta | Strategic Partnership | Embedded Finance | July 9, 2026 | ||
| Inbank | Strategic Partnership | Embedded Finance | July 8, 2026 | ||
| Synchrony | Personnel Move | Embedded Finance | June 30, 2026 | ||
| QI Tech | Strategic Partnership | Embedded Finance | June 26, 2026 | ||
| Global Peoples Trust | Transaction | Global Compliance Applications Corp. | Embedded Finance | June 25, 2026 | |
| Niural | Funding Round | FOG Ventures, NewView Capital | $21M | Embedded Finance | June 25, 2026 |
| BILL Holdings | Strategic Partnership | JPMorgan Payments | Embedded Finance | June 18, 2026 | |
| Tekion | Strategic Partnership | Brex | Embedded Finance | June 16, 2026 | |
| Brex | Strategic Partnership | Embedded Finance | June 16, 2026 | ||
| Nuvion | Strategic Partnership | JetPay | Embedded Finance | June 11, 2026 | |
| Reset | Funding Round | $6M | Embedded Finance | June 8, 2026 | |
| Clerri | Strategic Partnership | Embedded Finance | June 4, 2026 | ||
| Handshake Finance | Funding Round | $370,000 | Embedded Finance | June 3, 2026 | |
| Fee Navigator | Transaction | NMI | Embedded Finance | June 2, 2026 | |
| Yuno | Personnel Move | Edwin Poot | Embedded Finance | June 2, 2026 | |
| Walmart | Strategic Partnership | Embedded Finance | June 2, 2026 | ||
| Klarna | Strategic Partnership | Embedded Finance | June 2, 2026 | ||
| LendingFront | Strategic Partnership | Embedded Finance | June 1, 2026 | ||
| ROLLER | Strategic Partnership | $1M | Embedded Finance | May 29, 2026 | |
| Robinhood | Product Launch | Embedded Finance | May 27, 2026 | ||
| Capchase | Funding Round | $200M | Embedded Finance | May 27, 2026 | |
| National Information Technology Authority (NITA) | Regulatory | Ghana fintech and e-commerce sector | Embedded Finance | May 26, 2026 | |
| Mercury | Funding Round | TCV | $200M | Embedded Finance | May 21, 2026 |
| RemotePass | Funding Round | EBRD Venture Capital | $17M | Embedded Finance | May 20, 2026 |
| Mal.ai | Regulatory | Central Bank of the UAE | Embedded Finance | May 18, 2026 | |
| Stitch | Funding Round | Andreessen Horowitz | $25M | Embedded Finance | May 17, 2026 |
| Lightspark | Product Launch | Embedded Finance | May 7, 2026 | ||
| Fiserv | Buyer Thesis | Embedded Finance | May 5, 2026 | ||
| Illuminate Financial | Funding Round | BNP Paribas, Citi, Deutsche Börse, HSBC, Jefferies, RBC, S&P Global, TD Securities | $135M | Embedded Finance | April 29, 2026 |
| Green SM Laos | Strategic Partnership | Star Fintech Sole Co., Ltd (Umoney) | Embedded Finance | April 24, 2026 | |
| Hiro Finance | Transaction | OpenAI | Embedded Finance | April 15, 2026 | |
| Bfree | Funding Round | $3M | Embedded Finance | April 1, 2026 | |
| Cross River Bank | Funding Round | T. Rowe Price Investment Management, Inc. | $50M | Embedded Finance | April 1, 2026 |
| Ark Labs | Funding Round | Tether, Ego Death Capital, Epoch VC, Lion26, Sats Ventures, Contribution Capital, Anchorage Digital | $5M | Embedded Finance | March 12, 2026 |
| Thredd | Product Launch | Embedded Finance | March 10, 2026 | ||
| KEO World | Transaction | Maha Capital | Embedded Finance | January 1, 2026 | |
| Mono | Transaction | Flutterwave | Embedded Finance | January 1, 2026 | |
| Shiga Digital | Strategic Partnership | Visa | Embedded Finance | December 30, 2025 | |
| Comera Financial Holdings | Strategic Partnership | SC Ventures | Embedded Finance | December 25, 2025 | |
| PayToMe.co | Strategic Partnership | Luggage To Ship Inc., Ship To Box Inc., Ship And Storage Inc. | Embedded Finance | December 17, 2025 | |
| Hanwha Life Insurance | Buyer Thesis | Embedded Finance | December 17, 2025 | ||
| Perfios | Product Launch | Embedded Finance | December 17, 2025 | ||
| Central Bureau of Investigation (CBI) | Regulatory | Embedded Finance | December 14, 2025 | ||
| South Pacific Group | Strategic Partnership | MidasVault, HuiLink | Embedded Finance | December 5, 2025 | |
| CMC Markets | Strategic Partnership | Westpac | Embedded Finance | December 2, 2025 | |
| MTN Ghana / MobileMoney Limited | Regulatory | Bank of Ghana | Embedded Finance | December 1, 2025 | |
| Green Dot | Funding Round | Smith Ventures; CommerceOne Financial | $690M | Embedded Finance | November 24, 2025 |
| Nuvia Wealth | Buyer Thesis | Embedded Finance | November 10, 2025 | ||
| First Circle Capital | Funding Round | International Finance Corporation (IFC) | $6M | Embedded Finance | November 6, 2025 |
| Emirates Gold (Private) | Strategic Partnership | Public Gold (Private) | Embedded Finance | November 1, 2025 | |
| Credit Direct | Strategic Partnership | VIVO | Embedded Finance | October 29, 2025 | |
| Valley National Bank | Strategic Partnership | Infinant | Embedded Finance | October 29, 2025 | |
| WinFactor | Transaction | Lendscape | Embedded Finance | October 14, 2025 | |
| Flooss Bahrain | Strategic Partnership | SICO | $10M | Embedded Finance | October 9, 2025 |
| Flooss | Strategic Partnership | SICO | $10M | Embedded Finance | October 9, 2025 |
| BILL | Product Launch | Column N.A. | Embedded Finance | October 2, 2025 | |
| Hatton National Bank (HNB) | Strategic Partnership | Visa | Embedded Finance | September 1, 2025 | |
| Privy | Transaction | Stripe | Embedded Finance | June 1, 2025 | |
| Infinant | Funding Round | FINTOP Capital, JAM FINTOP BankTech, Raido Capital Partners, Woodforest Financial Group, Bankers Helping Bankers | $15M | Embedded Finance | December 23, 2024 |
| Equals Group | Transaction | Alakazam Holdings Bidco Ltd | $356M | Embedded Finance | December 11, 2024 |
| Equals Group PLC | Strategic Partnership | Alakazam Holdings BidCo Limited (TowerBrook Funds, J.C. Flowers Funds, Railsr Shareholders) | $390M | Embedded Finance | December 11, 2024 |
| National Partners | Strategic Partnership | Input 1 | Embedded Finance | December 5, 2024 | |
| Ant International | Strategic Partnership | Embedded Finance | December 5, 2024 | ||
| Ant International | Product Launch | Embedded Finance | December 5, 2024 | ||
| KPay Group | Funding Round | Apis Growth Markets Fund III, Apis Global Growth Fund III | $55M | Embedded Finance | December 3, 2024 |
| OwlTing Group | Strategic Partnership | MoneyGram International Inc. | Embedded Finance | December 3, 2024 | |
| Mukuru | Strategic Partnership | CADECOM, Yamba Malawi, WFP, UNICEF, IOM, Action Contre la Faim, Cottco, Premier Tobacco Auction Floors | Embedded Finance | November 30, 2024 | |
| Mbanq | Product Launch | Embedded Finance | November 5, 2024 | ||
| Neem | Funding Round | DNI Group | $4M | Embedded Finance | November 1, 2024 |
| Dream Payments | Product Launch | Embedded Finance | October 29, 2024 | ||
| Pipe | Strategic Partnership | GoCardless | Embedded Finance | October 22, 2024 | |
| Thredd | Product Launch | Embedded Finance | October 10, 2024 | ||
| Deutsche Bank | Strategic Partnership | Salesforce | Embedded Finance | October 4, 2024 | |
| Marqeta | Product Launch | Embedded Finance | October 1, 2024 | ||
| FIS | Strategic Partnership | Stripe | Embedded Finance | May 14, 2024 | |
| Perfios | Funding Round | Teachers' Venture Growth | $80M | Embedded Finance | January 1, 2024 |
| Goals101 | Transaction | M2P Fintech | $30M | Embedded Finance | December 13, 2023 |
| Liberis | Funding Round | HSBC Innovation Banking, BCI Capital | $112M | Embedded Finance | December 7, 2023 |
| Pine Labs | Product Launch | Embedded Finance | November 30, 2023 | ||
| CredibleX | Strategic Partnership | FMCG and financial services strategic partners; ADGM Numou platform | Embedded Finance | November 28, 2023 | |
| Chari | Strategic Partnership | UM6P Ventures | Embedded Finance | November 19, 2023 | |
| Defacto | Funding Round | Citi Ventures, Northzone, Headline, Global Founders Capital | $11M | Embedded Finance | November 15, 2023 |
| Youtility | Transaction | Squeeze | Embedded Finance | October 27, 2023 | |
| Flourish Ventures | Funding Round | Pierre Omidyar | $350M | Embedded Finance | October 25, 2023 |
| Rosselkhozbank | Strategic Partnership | Skolkovo Foundation | Embedded Finance | December 29, 2022 | |
| Adyen | Strategic Partnership | Modernizing Medicine Retail Solutions, Zenoti, Tessitura Network | Embedded Finance | December 29, 2022 | |
| Visa | Strategic Partnership | Embedded Finance | December 27, 2022 | ||
| MoneyGram International | Transaction | Madison Dearborn Partners | Embedded Finance | December 21, 2022 | |
| Powens | Product Launch | Embedded Finance | December 20, 2022 | ||
| Neem | Strategic Partnership | Kuunda Holdings | Embedded Finance | December 19, 2022 | |
| Airwallex | Strategic Partnership | TripActions | Embedded Finance | December 15, 2022 | |
| Nilus | Funding Round | Bessemer Venture Partners | $9M | Embedded Finance | December 14, 2022 |
| TAINA | Funding Round | HSBC Asset Management, Deutsche Bank CVC, SIX FinTech Ventures, Anthemis | Embedded Finance | December 14, 2022 | |
| Gorillas | Transaction | Getir | $1.2B | Embedded Finance | December 9, 2022 |
| AREX Markets | Transaction | Svea Bank | Embedded Finance | December 5, 2022 | |
| X1 | Personnel Move | Kieran Brady | Embedded Finance | December 1, 2022 | |
| Temenos | Strategic Partnership | Mbanq | Embedded Finance | December 1, 2022 | |
| embedded/capital | Transaction | Motive Partners | Embedded Finance | November 23, 2022 | |
| PayZen | Funding Round | 7wireVentures | $220M | Embedded Finance | November 22, 2022 |
| Nuvei | Product Launch | Embedded Finance | November 15, 2022 | ||
| Weavr | Funding Round | Tiger Global | $40M | Embedded Finance | November 9, 2022 |
| Pezesha | Funding Round | $11M | Embedded Finance | October 28, 2022 | |
| Paytrix | Funding Round | Hambro Perks, Bain Capital Ventures, Fin VC, Better Tomorrow Ventures, The Fintech Fund | $6M | Embedded Finance | October 20, 2022 |
| HealRWorld | Product Launch | Mastercard, Railsr, Toqio, Penrose Digital | Embedded Finance | October 17, 2022 | |
| Aspiration | Transaction | InterPrivate III Financial Partners Inc. | Embedded Finance | October 13, 2022 | |
| Power Finance | Transaction | Marqeta | $275M | Embedded Finance | August 22, 2022 |
| Fable Fintech | Strategic Partnership | XeOPAR | Embedded Finance | May 1, 2022 | |
| Tink | Regulatory | FinTecSystems | Embedded Finance | December 27, 2021 | |
| Wallet Engine | Strategic Partnership | Quest | Embedded Finance | December 24, 2021 | |
| Blast | Transaction | Ant Money | Embedded Finance | December 22, 2021 | |
| Even Financial | Transaction | MoneyLion | $440M | Embedded Finance | December 17, 2021 |
| Anthemis | Funding Round | $700M | Embedded Finance | December 16, 2021 | |
| Stere | Funding Round | Fin VC | $2M | Embedded Finance | December 14, 2021 |
| Kwara | Strategic Partnership | Workpay, Lami | Embedded Finance | December 10, 2021 | |
| Mambu | Funding Round | EQT Growth | $266M | Embedded Finance | December 9, 2021 |
| Novus | Regulatory | Financial Conduct Authority | Embedded Finance | December 9, 2021 | |
| Tradeshift | Funding Round | Koch Industries, IDC Ventures, LUN Partners, Private Shares, Fuel Capital | $200M | Embedded Finance | December 9, 2021 |
| OnePipe | Strategic Partnership | Sendy | Embedded Finance | December 9, 2021 | |
| NXTsoft | Strategic Partnership | Embedded Finance | December 2, 2021 | ||
| Cashfree Payments | Strategic Partnership | Telr | $15M | Embedded Finance | November 30, 2021 |
| Open | Product Launch | Embedded Finance | November 26, 2021 | ||
| OnePipe | Funding Round | Atlantica Ventures, Tribe Capital, V&R associates | $4M | Embedded Finance | November 25, 2021 |
| Cover Genius | Strategic Partnership | Flipkart | Embedded Finance | November 18, 2021 | |
| Airwallex | Funding Round | Lone Pine Capital | $100M | Embedded Finance | November 17, 2021 |
| Boatzon | Strategic Partnership | Trident Funding | Embedded Finance | November 16, 2021 | |
| Access Bank | Strategic Partnership | Fintech Nigeria (FintechNGR), Africa FinTech Foundry (AFF) | Embedded Finance | November 9, 2021 | |
| JUMO | Funding Round | Fidelity Management and Research Company, Visa, Kingsway Capital | $120M | Embedded Finance | November 9, 2021 |
| Stitch | Funding Round | $2M | Embedded Finance | November 9, 2021 | |
| Access Bank | Strategic Partnership | FinTech NGR, Africa FinTech Foundry | Embedded Finance | November 8, 2021 | |
| QI Tech | Funding Round | GIC | $50M | Embedded Finance | November 5, 2021 |
| Boatzon | Product Launch | Embedded Finance | November 1, 2021 | ||
| Orenda | Strategic Partnership | Nium | Embedded Finance | October 27, 2021 | |
| Pomelo | Funding Round | Tiger Global Management | $35M | Embedded Finance | October 21, 2021 |
| Open | Funding Round | Temasek | $100M | Embedded Finance | October 18, 2021 |
| Productfy | Strategic Partnership | Stearns Bank National Association | Embedded Finance | October 15, 2021 | |
| Tala | Funding Round | $145M | Embedded Finance | October 15, 2021 | |
| Percent | Product Launch | Embedded Finance | October 13, 2021 | ||
| M2P Fintech | Funding Round | Tiger Global | $35M | Embedded Finance | October 12, 2021 |
| Alviere | Funding Round | Viola Ventures, Viola Fintech, CommerzVentures, Mitsubishi Capital Corporation, Wix.com Capital, Draper Triangle Ventures, Cross River Bank Capital, CERCA Partners, North Coast Ventures, Opera Tech Ventures | $70M | Embedded Finance | October 12, 2021 |
| Atomic | Funding Round | Core Innovation Capital | $22M | Embedded Finance | October 12, 2021 |
| M2P Fintech | Funding Round | Insight Partners | Embedded Finance | October 1, 2021 | |
| Pezesha | Regulatory | Capital Markets Authority (CMA) | Embedded Finance | September 7, 2021 | |
| Liberis | Funding Round | British Business Investments, Paragon Bank, BCI Europe, Silicon Valley Bank | $88M | Embedded Finance | December 22, 2020 |
| Arya Collateral | Funding Round | Quona Capital | $21M | Embedded Finance | December 15, 2020 |
| Reezocar | Transaction | Societe Generale | Embedded Finance | December 14, 2020 | |
| Arya | Funding Round | Quona Capital | $21M | Embedded Finance | December 14, 2020 |
| Modularbank | Funding Round | Karma Ventures, Blackfin Capital Partners, Plug and Play Ventures, Siena Capital | $5M | Embedded Finance | December 11, 2020 |
| Stripe | Product Launch | Evolve Bank, Goldman Sachs, Citibank, Barclays, Shopify | Embedded Finance | December 6, 2020 | |
| Razorpay | Strategic Partnership | PayPal | Embedded Finance | December 2, 2020 | |
| Railsbank | Funding Round | MiddleGame Ventures, Ventura Capital, Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan, Firestartr | $37M | Embedded Finance | November 12, 2020 |
| EML Payments Limited | Strategic Partnership | Hydrogen Technology Corporation | Embedded Finance | November 5, 2020 | |
| IntegraPay | Transaction | Payrix | Embedded Finance | October 7, 2020 |