On The Web

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Deals

Treasury Prime Raises $20M to Scale Its Banking-as-a-service Biz

May 12 2021

• in
• Banking-as-a-Service (BaaS)

“This morning Treasury Prime , a banking-as-a-service startup that delivers its product via APIs, announced that it has closed a $20 million Series B. The capital comes around a year since the startup announced its Series A , and around 1.5 years since it raised its preceding round. For Treasury Prime, the new capital was […]

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Providers

Solarisbank Among First German Fintechs Mulling SPAC Deal

April 16 2021

• in
• Banking-as-a-Service (BaaS)

“Solarisbank, the German banking-as-a-service (BaaS) provider, is currently mulling the route of a special purpose acquisition company (Spac) merger to go public.  Solarisbank CEO Roland Folz According to Finance Forward, management and investors are currently discussing the sale to a listed company shell. Another round of financing, which would follow a $67.5 million Series C in […]

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Providers

Railsbank Enters Aus With Volt As Its First Local Banking Partner – AltFi

March 18 2021

• in
• Banking-as-a-Service (BaaS)

“Banking as a service provider Railsbank has launched in Australia with local challenger bank Volt as its first client. Railsbank, which acquired large chunks of the former Wirecard UK business last Autumn, raised $37m in funding in November in part to fund such international expansion. As well as Australia, CEO and co-founder Nigel Verdon says […]

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Deals

Mambu Raises $135M at a $2B+ Valuation for a SaaS Platform That Powers Banking Services

January 7 2021

• in
• Banking-as-a-Service (BaaS)

“Challenger banks, incumbent banks, and all of the many businesses that are making inroads into any kind of banking service all have something in common: when it comes to launching a new product like a credit line or a deposit or current account, these days many of them are opting not to build from the […]

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Providers

This is Goldman’s bet to break into a $32 billion industry serving the world’s biggest corporations

November 2 2020

• in
• Banking-as-a-Service (BaaS)

“Goldman Sachs wants to help any company in the world become a bank. The firm has just released software that allows clients to embed banking services into their own products as part of a push to break into the $32 billion a year industry managing cash for big corporations, according to Hari Moorthy , Goldman’s […]

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Deals

Wise raises another $12 million to double down on embedded business banking

November 2 2020

• in
• Banking-as-a-Service (BaaS)

“Fintech startup Wise has raised a $12 million Series A round. The company offers business bank accounts with an interesting go-to-market strategy. Wise partners with other companies so that they can offer bank accounts to their own customers. For instance, if you’re running a marketplace or an e-commerce platform that matches companies with individual customers, […]

On The Wires

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Providers

Agora Services Disrupts Banking-as-a-Service and Brings Challenger Bank Technology to Community Banks and Credit Unions for As Low As $5,000

May 4 2021

• in
• Banking-as-a-Service (BaaS)

“As the need of credit unions and community banks to accelerate their digital journey has skyrocketed post COVID, Agora Services, the challenger bank technology platform for community banks and credit unions , has developed two challenger style bank products for community banks and credit unions – Agora Teenz and Agora SMB. Built on Agora’s cutting-edge Banking-as-a-Service […]

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Providers

Treasury Prime Partners With Marqeta, Bringing Modern Card Issuing to Its BaaS Platform

March 2 2021

• in
• Banking-as-a-Service (BaaS)

“Treasury Prime, the leading Banking as a Service (BaaS) company, announced that it has partnered with Marqeta , the global modern card issuing platform, to bring Marqeta’s modern card issuing capabilities to the Treasury Prime API. For the first time, fintechs and other companies that want to embed banking services, can get access to both […]

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Providers

Pacific Western Bank Selects Treasury Prime As Banking As a Service Provider

February 4 2021

• in
• Banking-as-a-Service (BaaS)

“Treasury Prime, the leading Banking as a Service (BaaS) company, announced today that after a competitive evaluation, Pacific Western Bank has chosen Treasury Prime as its technology provider to modernize its banking stack. Working with Treasury Prime, Pacific Western Bank will be able to offer API access to its banking systems as well as a […]

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Providers

Radius Bank Launches Commercial API Banking Platform and Developer Sandbox

November 2 2020

• in
• Banking-as-a-Service (BaaS)

“Radius Bank , a forward-thinking digital bank, announced today the next step in its partnership with API (application programming interface) banking leader Treasury Prime with the launch of their Commercial API Banking Platform and corresponding sandbox testing environment. With API Banking, Radius has expanded its Banking-as-a-Service (BaaS) digital platform by giving commercial clients leading-edge technology […]