Sub-sector
Embedded Finance
Sourced fintech market events in Embedded Finance. 81 events tracked across M&A, funding, partnerships, product launches, regulatory, buyer theses, personnel moves, and customer wins.
81 Events
$4.0B Disclosed value
$37M Median value
Windsor Drake tracks 81 sourced fintech market events in Embedded Finance from 2020–2026, each with a cited source. Across the 32 with disclosed values, total disclosed value is $4.0B, with a median of $37M. The largest disclosed deal is Green Dot sale to Smith Ventures and CommerceOne Financial at $690M. Activity was heaviest in 2026, with 23 tracked events.
Frequently asked questions
How many fintech events in Embedded Finance does Windsor Drake track?
Windsor Drake tracks 81 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 32 events in Embedded Finance with disclosed values, the median is $37M and total disclosed value is $4.0B.
What is the largest Embedded Finance deal tracked?
Green Dot sale to Smith Ventures and CommerceOne Financial, at $690M.
By event type
Most active companies in Embedded Finance
Events
| Primary | Event type | Counterparty | Value | Sub-sector | Date |
|---|---|---|---|---|---|
| Brex | Strategic Partnership | Embedded Finance | June 16, 2026 | ||
| Reset | Funding Round | $6M | Embedded Finance | June 9, 2026 | |
| Reset | Funding Round | $6M | Embedded Finance | June 8, 2026 | |
| Clerri | Strategic Partnership | Embedded Finance | June 4, 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 | |
| Capchase | Funding Round | $200M | Embedded Finance | May 27, 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 | |
| Lightspark | Product Launch | Embedded Finance | May 7, 2026 | ||
| Fiserv | Buyer Thesis | Embedded Finance | May 5, 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 | ||
| Mono | Transaction | Flutterwave | Embedded Finance | January 1, 2026 | |
| Shiga Digital | Strategic Partnership | Visa | Embedded Finance | December 30, 2025 | |
| Hanwha Life Insurance | Buyer Thesis | Embedded Finance | December 17, 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 |
| Credit Direct | Strategic Partnership | VIVO | Embedded Finance | October 29, 2025 | |
| BILL | Product Launch | Column N.A. | Embedded Finance | October 2, 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 | Transaction | Railsr | $358M | 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 |
| Ant International | Strategic Partnership | 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 | ||
| Thredd | Product Launch | Embedded Finance | October 10, 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 |
| Pine Labs | Product Launch | Embedded Finance | November 30, 2023 | ||
| Defacto | Funding Round | Citi Ventures, Northzone, Headline, Global Founders Capital | $11M | Embedded Finance | November 15, 2023 |
| Flourish Ventures | Funding Round | Pierre Omidyar | $350M | Embedded Finance | October 25, 2023 |
| MoneyGram International | Transaction | Madison Dearborn Partners | Embedded Finance | December 21, 2022 | |
| Neem | Strategic Partnership | Kuunda Holdings | Embedded Finance | December 19, 2022 | |
| Nilus | Funding Round | Bessemer Venture Partners | $9M | Embedded Finance | December 14, 2022 |
| X1 | Personnel Move | Kieran Brady | Embedded Finance | December 1, 2022 | |
| Airwallex | Funding Round | Square Peg, Salesforce Ventures, Sequoia Capital China, Lone Pine Capital, Hermitage Capital, 1835i Ventures, Tencent, HostPlus, North American pension fund | $100M | Embedded Finance | October 11, 2022 |
| Power Finance | Transaction | Marqeta | $275M | Embedded Finance | August 22, 2022 |
| Tink | Regulatory | FinTecSystems | Embedded Finance | December 27, 2021 | |
| Blast | Transaction | Ant Money | Embedded Finance | December 22, 2021 | |
| Even Financial | Transaction | MoneyLion | $440M | Embedded Finance | December 17, 2021 |
| Kwara | Strategic Partnership | Workpay, Lami | Embedded Finance | December 10, 2021 | |
| Novus | Regulatory | Financial Conduct Authority | 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 | ||
| 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 |
| Access Bank | Strategic Partnership | FinTech NGR, Africa FinTech Foundry | Embedded Finance | November 8, 2021 | |
| Orenda | Strategic Partnership | Nium | Embedded Finance | October 27, 2021 | |
| Productfy | Strategic Partnership | Stearns Bank National Association | 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 |
| Atomic | Funding Round | Core Innovation Capital | $22M | Embedded Finance | October 12, 2021 |
| M2P Fintech | Funding Round | Insight Partners | Embedded Finance | October 1, 2021 | |
| Liberis | Funding Round | British Business Investments, Paragon Bank, BCI Europe, Silicon Valley Bank | $88M | Embedded Finance | December 22, 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 |
| IntegraPay | Transaction | Payrix | Embedded Finance | October 7, 2020 | |
| Connect Group | Transaction | Net 1 UEPS Technologies | Embedded Finance | May 30, 2020 |