All the funding deals in the embedded finance market
Last updated: 13 July 2026
In our updated market reports, you will find everything you need
The embedded finance market is attracting investors across payments, lending, insurance, card issuing, payroll, and banking infrastructure.
We conducted deep research and collected 46 embedded finance funding deals announced between January 2024 and June 2026.
We refresh this embedded finance market page very often to add new funding rounds and update existing information.
Insights
- The 44 embedded finance funding deals with disclosed amounts raised more than $1.3 billion between January 2024 and June 2026.
- Embedded finance companies raised about $470.8 million in 2024 and $596.8 million in 2025, showing stronger funding activity in 2025.
- Paymentology raised $175 million in May 2026. This was the largest embedded finance funding deal in the collected data.
- Insurance infrastructure attracted several large rounds. bolttech raised $147 million, Cover Genius raised $80 million, and Neat raised $33 million.
- Embedded payments remained one of the most active embedded finance categories, with funding for Highnote, Rainforest, Payabli, Ansa, and Zūm Rails.
- Card issuing infrastructure also received strong investor interest. Brim Financial, Cardless, Pomelo, NymCard, Scale, and Kulipa all raised capital.
- Payabli and Rainforest each completed two separate funding rounds, showing continued investor support for embedded payments infrastructure.
- Embedded lending deals covered several customer groups, including merchants, small businesses, legal firms, wealth managers, and digital platforms.
- The embedded finance market is global. The collected companies operate across North America, Europe, Latin America, Africa, the Middle East, and Asia.
Summary table of the funding deals for the embedded finance market since 2024
We define the embedded finance market as financial products distributed inside non-financial software, marketplaces, platforms, or consumer journeys.
It includes Embedded Payments, Embedded Lending, Embedded Insurance, Banking as a Service, Card Issuing Platforms, and Merchant Financing.
It excludes broader adjacent markets unless the product is built specifically for this use case.
We focused exclusively on pure players, defined as companies with at least 70–80% of their business directly tied to the embedded finance market.
Our analysis has been done at a global level with a minimum funding threshold of $300k.
If you want a longer-term view, we also have a study of how funding activity in the embedded finance market has changed over the years.
| Name | What they do | Amount in $ | Quarter | Source(s) |
|---|---|---|---|---|
| Blnk | Provides instant consumer financing at the point of sale. | $12.5M | Q2 2026 | Wamda |
| Paymentology | Provides card issuing and payment processing technology for banks and fintech companies. | $175.0M | Q2 2026 | Paymentology |
| Comfi | Provides embedded financing for small businesses and B2B transactions. | Undisclosed | Q2 2026 | Comfi |
| Firenze | Helps wealth managers offer loans backed by investment portfolios. | $7.6M | Q2 2026 | Firenze |
| Pipe | Helps software platforms offer embedded financing to small businesses. | $16.0M | Q2 2026 | Business Wire |
| Kulipa | Provides stablecoin card issuing technology for fintech companies and digital wallets. | $6.2M | Q2 2026 | The Block |
| Netbank | Provides regulated banking infrastructure for fintech companies in the Philippines. | Undisclosed | Q2 2026 | Altara Ventures |
| Kayna | Helps software platforms embed insurance products into their services. | $1.7M | Q1 2026 | Delta Partners |
| Gangkhar | Provides AI-based technology for embedded insurance products. | $4.25M | Q1 2026 | Accion |
| Confido Legal | Provides embedded payment and financial tools for law firms. | $9.0M | Q1 2026 | PR Newswire |
| Rhythmic | Provides stablecoin-based embedded finance infrastructure for consumer brands. | $4.0M | Q1 2026 | CypherHunter |
| Cardless | Helps brands launch co-branded and embedded credit card programs. | $60.0M | Q3 2025 | Business Wire |
| Rainforest | Provides embedded payment infrastructure for vertical software platforms. | $29.0M | Q3 2025 | Business Wire |
| Defacto | Provides short-term embedded financing for small and medium-sized businesses. | $18.6M | Q3 2025 | Finextra Research |
| FinBox | Helps businesses embed lending, underwriting, and fraud detection tools. | $40.0M | Q3 2025 | FinBox |
| Wingspan | Provides embedded payroll and management tools for independent contractors. | $24.0M | Q3 2025 | PR Newswire |
| Wrisk | Helps vehicle manufacturers embed insurance into customer journeys. | $16.3M | Q3 2025 | Wrisk |
| Payabli | Provides embedded payment and monetization tools for software companies. | $28.0M | Q2 2025 | PRWeb |
| bolttech | Connects insurers and distributors through an embedded insurance marketplace. | $147.0M | Q2 2025 | TechCrunch |
| CrediLinq | Provides embedded working capital to digital-first small businesses. | $8.5M | Q2 2025 | PR Newswire |
| Froda | Helps European platforms offer embedded financing to small businesses. | $21.2M | Q2 2025 | Froda |
| Loxa | Helps retailers embed product protection and insurance into purchases. | $2.2M | Q2 2025 | BusinessCloud |
| Salsa | Helps software platforms embed payroll services into their products. | $20.0M | Q2 2025 | FinSMEs |
| Synctera | Connects fintech companies with banks through banking infrastructure. | $15.0M | Q1 2025 | Business Wire |
| NymCard | Provides card, payment, and lending infrastructure across the Middle East. | $33.0M | Q1 2025 | NymCard |
| Swan | Helps European companies embed accounts, cards, and payments. | $44.0M | Q1 2025 | FinTech Futures |
| Highnote | Provides card issuing and payment infrastructure for branded financial products. | $90.0M | Q1 2025 | Business Wire |
| Scale | Helps African companies issue cards and manage payment programs. | $0.7M | Q4 2024 | TechMoran |
| Finfra | Helps digital platforms embed lending products for merchants. | $2.5M | Q4 2024 | Fintech Singapore |
| Neat | Helps merchants embed insurance into digital checkout journeys. | $33.0M | Q3 2024 | TechCrunch, Coverager |
| Kulipa | Provides stablecoin card issuing technology for wallets and fintech companies. | $3.0M | Q3 2024 | The Block |
| Rainforest | Provides embedded payment infrastructure for software platforms. | $20.0M | Q2 2024 | Business Wire |
| Payabli | Provides payment and monetization infrastructure for vertical software companies. | $20.0M | Q2 2024 | Business Wire |
| Connect Money | Helps businesses issue cards and launch embedded finance products. | $8.0M | Q2 2024 | Wamda |
| Cover Genius | Helps digital companies embed insurance and protection products. | $80.0M | Q2 2024 | EIN Presswire |
| Ansa | Helps brands create closed-loop wallets and merchant payment programs. | $14.0M | Q2 2024 | PR Newswire |
| finmid | Helps marketplaces offer embedded financing to small businesses. | $24.7M | Q2 2024 | finmid, TechCrunch |
| Brim Financial | Provides card issuing and payment infrastructure for banks and brands. | $85.0M | Q2 2024 | Business Wire |
| Flowpay | Uses payment data to provide embedded financing to small businesses. | $2.3M | Q1 2024 | AIN |
| ZayZoon | Embeds earned wage access into payroll and human resources platforms. | $15.0M | Q1 2024 | BetaKit |
| Griffin | Provides regulated banking infrastructure for fintech and embedded finance companies. | $24.0M | Q1 2024 | Griffin |
| Reset | Provides earned wage access to hourly and independent workers. | $2.3M | Q1 2024 | Axios |
| Coverdash | Helps platforms embed business insurance for startups and small businesses. | $13.5M | Q1 2024 | FF News |
| Zūm Rails | Combines open banking, instant payments, and banking infrastructure. | $7.8M | Q1 2024 | Business Wire |
| DailyPay | Embeds earned wage access into employer payroll systems. | $75.0M | Q1 2024 | DailyPay |
| Pomelo | Provides card issuing and payment infrastructure across Latin America. | $40.0M | Q1 2024 | TechCrunch, FinTech Futures |
Related blog posts
- Who are the most valuable companies in the embedded finance market?
- How active is venture funding in the embedded finance market right now?
- Who has raised the most money in the embedded finance market?
- How are funding trends changing in the embedded finance market?
