Banking-as-a-service has traditionally had sponsor banks for doing everything themselves: issuing accounts, holding deposits, processing payments and financing lending. But latest earnings from two sponsor-bank...
Cryptocurrency card issuer and Banking-as-a-Service (BaaS) company Wirex has joined forces with Visa Direct. “Wirex is taking stablecoin utility to the last mile — where...
Lead Bank raised $70 million in a Series B funding round that brought its post-money valuation to $1.47 billion. The company is a state-chartered bank,...
As nonbank enterprises offer financial services, aided by traditional financial institutions and FinTechs, the emergence of the banking-as-a-service (BaaS) model has promised to transform lending...
Solid, the banking-as-a-service (BaaS) startup formerly known as Wise, reportedly filed for Chapter 11 bankruptcy protection. The company had not been able to raise more...
The shakeup and shakeout of banking-as-a-service (BaaS), in the wake of the Synapse bankruptcy last year, has opened up new potential for embedded finance. Money...
Evolve Bank & Trust said Wednesday (Nov. 27) that the “vast majority” of end user funds related to the Synapse Financial Technologies bankruptcy that were...
Spendesk aims to strengthen its offer in core markets and support the global growth of its spend management platform for medium-sized businesses with the help...
The assets of bankrupt Banking-as-a-Service (BaaS) provider Synapse are going up for sale next month. B Riley Advisory Services, the group handling the sale, announced...