Swap, a São Paulo-based BaaS startup, announced today it has raised $25 million in a Series A led by Tiger Global Management. The financing was “heavily oversubscribed,” according to the company, which has now raised $28 million since its October 2018 inception. Endeavor, Tinder co-founder Justin Mateen, partners of DST Global, ONEVC, Global Founders Capital […]
BaaS served three ways: A closer look at a rapidly evolving market
There’s no one-size-fits-all solution, but having a better understanding of how BaaS providers position themselves between banks and fintechs can help potential customers determine which model is best for them.
Productfy raises $16M to build the ‘Shopify of embedded finance’
Productfy Inc., a banking-as-a-service (BaaS) platform that aims to build “DeFi for traditional finance,” has raised $16 million in a Series A round of funding led by CM Ventures. Existing backers Point72 Ventures, 500 Startups and Envestnet | Yodlee also participated in the financing, which brings its total raised since its 2018 inception to nearly […]
Who needs a BaaS partner, anyway?
Banking as a service will change not just the way financial services apps are built and embedded into new platforms, but also the way in which consumers and businesses alike interact with their finances.
Embedded finance won’t make every firm into a fintech company
Starbucks offers an integrated wallet and payments within its app, and Lyft offers its drivers a debit card. But that doesn’t make them fintech companies.
Solarisbank raises $224M at a $1.65B valuation to acquire Contis, expand API-based embedded banking tech in Europe
The round comes about a year after Solarisbank’s last round of $67.5 million, but as a sign of the times, what is perhaps more notable is that its valuation has nearly quintupled since then.