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 payout experiences are won or lost,” the company said in a Wednesday (Feb. 18) news release. “Via Wirex BaaS APIs,...
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, offers a banking-as-a-service (BaaS) platform for FinTechs and digital asset companies, and provides full-service business and personal banking to clients...
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 and platforms. But the recent spate of news tied to enforcement actions and settlements over data breaches gives the nod...
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 capital since its August 2022 Series B funding round and faced “significant and costly litigation,” including a lawsuit filed by...
June 02, 2025
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 and platforms. But the recent spate of news tied to enforcement actions and settlements over data breaches gives the nod to a few takeaways of what not to do against […]
March 19, 2025
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 mobility’s at the center of...
August 27, 2024
In today’s financial services arena, embedded finance and banking-as-a-service (BaaS) have emerged as transformative forces, redefining the way banks and financial institutions (FIs) engage with consumers and businesses. At the...
July 26, 2024
As the financial services landscape rapidly evolves, traditional banks and financial institutions (FIs) find themselves at a pivotal juncture. The emergence of embedded finance and banking-as-a-service (BaaS) is revolutionizing the...
February 18, 2026
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 payout experiences are won or lost,” the company said in a Wednesday (Feb. 18) news release. “Via Wirex BaaS APIs, partners can embed Stablecoin Push-to-Card and deliver stablecoin-funded payouts directly […]
September 04, 2025
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, offers a banking-as-a-service (BaaS) platform...
April 10, 2025
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 capital since its August 2022...
November 27, 2024
Evolve Bank & Trust said Wednesday (Nov. 27) that the “vast majority” of end user funds related to the Synapse Financial Technologies bankruptcy that were once held by Evolve were...
