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Nuvei to Power In-Vehicle Payments for Volkswagen Brazil
PYMNTS.com· 2025-10-10 01:05
Group 1 - Volkswagen Brazil has partnered with Nuvei to implement a customized payment infrastructure for subscription-based connectivity services in its vehicles [2][3] - The solution will facilitate recurring payments for connected car services and telecom data packages through an integrated app in Volkswagen's multimedia system [2][3] - Nuvei's global reach is expected to allow Volkswagen to scale this payment solution across additional markets, enhancing customer relationships through seamless payment experiences [3] Group 2 - Embedded finance solutions, like those provided by Nuvei, enable merchants to facilitate purchases without leaving digital platforms, reducing friction and potentially increasing sales [4][5] - The North Carolina Turnpike Authority has launched a pilot program with Volvo and Mastercard for in-vehicle toll payments, indicating a trend towards embedded vehicle commerce [6] - Sheeva.AI has introduced in-vehicle payment technology in Citroën vehicles in India, allowing fuel payments at numerous stations through the automaker's mobile app [7]
Outcome of Inbank Subordinated Bond Subscription
Globenewswire· 2025-10-06 05:00
On Friday, 3 October 2025, the public offering of subordinated bonds of AS Inbank (hereafter Inbank) ended. 935 investors participated in the issue, subscribing to subordinated bonds for a total of 21.6 million euros. The initial issue volume was oversubscribed 4.3 times. As the initial issue volume of 5 million euros was oversubscribed, Inbank used its right to increase the issue volume to 8 million euros. The Management Board of Inbank decided to allocate the subordinated bonds based on the following pri ...
Fintech firm Tarabut opens new regional headquarters in Riyadh
Yahoo Finance· 2025-10-01 10:13
Tarabut, a Middle East and North Africa (MENA)-based open banking platform, has launched its regional headquarters in Riyadh. The move is aimed to strengthen the company’s technology infrastructure for open banking within the Kingdom of Saudi Arabia. The Riyadh headquarters is set to become a focal point for product development tailored to the Saudi market, as well as for enhancing client engagement. The opening ceremony saw attendance from representatives of several partnering financial institutions, i ...
Finmid expands embedded finance to 30 European countries
Yahoo Finance· 2025-09-10 14:48
European financial services infrastructure provider Finmid has announced the expansion of its embedded lending solution to 30 European markets. The new markets in the company’s list include Bulgaria, Hungary, Malta, Romania, and Switzerland. Germany-based Finmid said the expansion offers more than 32 million small and medium-sized enterprises (SMEs) in the region direct access to capital from the platforms they already use. The fintech’s solution helps platforms and merchants unlock new revenue streams, ...
Fifth Third Acquires DTS Connex to Expand Cash Management Capabilities
PYMNTS.com· 2025-08-20 16:26
Core Insights - Fifth Third has expanded its commercial payments business by acquiring DTS Connex, enhancing its cash management software solutions for multi-location businesses such as retailers, restaurants, and healthcare providers [1][2] - The acquisition allows Fifth Third to improve its cash logistics offerings, infrastructure, and risk management capabilities [2] - DTS Connex will operate as a wholly owned subsidiary of Fifth Third, maintaining its independent business operations [4] Company Strategy - The acquisition is aimed at automating cash operations and fostering collaboration across the cash ecosystem through advanced data sharing [3] - Fifth Third's previous collaborations with DTS Connex include the development of a deposit tracking solution that is part of DTS Connex's Cash Vault Direct product [3] - The bank's focus on client experience and technology-driven solutions is emphasized by the leadership of both companies [4] Recent Acquisitions - Prior to acquiring DTS Connex, Fifth Third acquired Rize Money in May 2023 to enhance its treasury management business [4] - In March 2023, Fifth Third also acquired Big Data Healthcare to strengthen its national healthcare revenue cycle capabilities [5] Financial Performance - Investments in tech-enabled products have resulted in significant growth, with a reported 30% year-over-year revenue increase in commercial payments [6] - The Newline by Fifth Third embedded finance platform contributed to an increase of over $1 billion in commercial deposits connected to its services [6]
Coastal Expands Executive Team with Key Leadership Appointments
Globenewswire· 2025-08-13 13:30
Core Insights - Coastal Financial Corporation has appointed four new executives to enhance its leadership team, focusing on growth in digital banking and community initiatives [1][7] - The new executives include Ryan Hall as Chief Product Officer, Michael Costigan as Chief Commercial Officer, Freddy Rivas as Chief Credit Officer, and Chris Morgan as Chief Information Security Officer, each bringing significant industry experience [2][3] Executive Profiles - Ryan Hall has a strong background in product strategy and innovation, previously leading product development at SoFi Bank and working with The Boston Consulting Group [3] - Michael Costigan comes from OnePay, where he was instrumental in raising $40 million in Series B funding and expanding customer growth channels [4] - Freddy Rivas has over 20 years of experience in commercial banking, most recently serving as Chief Risk Officer at Santander, focusing on credit policy and portfolio management [5] - Chris Morgan previously scaled the security function at Even Responsible Finance and OnePay, and has experience with national security programs at the Federal Reserve System [6] Company Overview - Coastal Financial Corporation is based in Everett, Washington, with total assets of $4.48 billion and operates 14 branches across Snohomish, Island, and King Counties [7]
Marqeta(MQ) - 2025 Q2 - Earnings Call Transcript
2025-08-06 21:32
Financial Data and Key Metrics Changes - Total processing volume (TPV) reached $91 billion in Q2 2025, a 29% increase compared to Q2 2024 [5][19] - Net revenue for Q2 was $150 million, growing 20% year over year [6][22] - Gross profit was $104 million, reflecting a 31% increase year over year, resulting in a gross margin of 69% [6][23] - Adjusted EBITDA was $29 million, achieving a margin of 19%, marking an all-time high for the company [7][27] - GAAP net loss was $600,000, including $8 million of interest income [28] Business Line Data and Key Metrics Changes - Non-block TPV grew nearly three times faster than block TPV, driven by diverse use cases [19][20] - Lending, including buy now pay later (BNPL), saw significant acceleration in growth compared to Q1, with all top 10 customers experiencing growth [21][29] - Value-added services gross profit more than doubled year over year, indicating strong traction [11] Market Data and Key Metrics Changes - European TPV continues to grow over 100% year over year, driven by various use cases including neo banking and expense management [13][18] - The acquisition of TransactPay is expected to enhance program management capabilities in Europe, further driving growth [15][16] Company Strategy and Development Direction - The company is focused on expanding customer relationships and innovating in lending and BNPL solutions [8][17] - Plans to launch new capabilities that allow consumers to receive multiple BNPL options at purchase are underway, with a broader launch expected in 2026 [10][97] - The acquisition of TransactPay aims to standardize offerings across geographies and enhance customer engagement [16][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business trajectory despite some macroeconomic uncertainties [38][39] - Full-year 2025 revenue growth expectations have been raised, with anticipated growth in gross profit and adjusted EBITDA margins [29][34] - The revised accounting policy for network incentives will shift from a tailwind in Q2 to a headwind in Q3 and Q4 [31][33] Other Important Information - The company repurchased 35.2 million shares at an average price of $4.62 in Q2, reducing outstanding shares by over 12% [28] - Adjusted operating expenses were $76 million, shrinking 7% year over year, driven by better execution and investment timing delays [26][27] Q&A Session Summary Question: Visibility on sales cycles and trends in TPV - Management feels good about visibility, noting strong performance in lending and BNPL, with growth accelerating unexpectedly [37][38] Question: Growth factor of value-added services - Value-added services are a high priority and are expected to become a larger growth driver as the business matures [39][42] Question: Drivers of increased adjusted EBITDA margin guidance - Strong gross profit growth driven by TPV and favorable mix, combined with lower expenses, are core sources of upside [46][48] Question: Regulatory environment impact - The regulatory environment is more business as usual, with some improvements in communication and coordination with bank partners [54][55] Question: International success and investment needs - The European market is growing over 100%, and the acquisition of TransactPay will enhance program management capabilities [71][75] Question: Crypto market performance and traditional bank engagement - The crypto use case has been volatile but is performing better, while engagement with traditional banks is ongoing but still several years away from broader support [83][87]
Marqeta(MQ) - 2025 Q2 - Earnings Call Transcript
2025-08-06 21:30
Financial Data and Key Metrics Changes - Total Processing Volume (TPV) reached $91 billion in Q2 2025, a 29% increase compared to Q2 2024 [5][18] - Net revenue for Q2 was $150 million, growing 20% year over year, driven by diverse use cases [6][20] - Gross profit was $104 million, a 31% increase year over year, resulting in a gross margin of 69% [6][22] - Adjusted EBITDA was $29 million, translating into a 19% margin, marking an all-time high for the company [6][26] - The company reported a GAAP net loss of $600,000 for the quarter [26] Business Line Data and Key Metrics Changes - Non-block TPV grew nearly three times faster than block TPV, with financial services, lending (including BNPL), and expense management driving the majority of TPV growth [19] - Lending, including BNPL, saw significant acceleration in growth compared to Q1, with all top 10 customers experiencing growth [20] - Value-added services gross profit more than doubled year over year, indicating strong traction [11] Market Data and Key Metrics Changes - European TPV continues to grow over 100% year over year, driven by diverse use cases [13][17] - The acquisition of TransactPay is expected to enhance program management services and support larger customers in Europe [15][17] Company Strategy and Development Direction - The company is focused on expanding customer relationships and enabling growth through innovative programs and geographic expansions [7][16] - The strategy includes enhancing value-added services and leveraging partnerships to deliver comprehensive solutions [10][41] - The acquisition of TransactPay is aimed at standardizing offerings across geographies and enhancing customer engagement [15][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business trajectory despite some macroeconomic uncertainties [35][36] - The company raised expectations for Q3, Q4, and full-year 2025 revenue growth, gross profit growth, and adjusted EBITDA margin [28][32] - Management noted that the revised accounting policy for network incentives will shift from a tailwind in Q2 to a headwind in Q3 and Q4 [29][30] Other Important Information - The company repurchased 35.2 million shares at an average price of $4.62 in Q2, reducing outstanding shares by over 12% [27] - The company ended the quarter with over $820 million in cash and short-term investments [27] Q&A Session Summary Question: Visibility on sales cycles and trends - Management feels good about visibility, noting strong performance in TPV growth and positive customer conversations [35][36] Question: Growth of value-added services - Value-added services are a high priority and are expected to become a larger growth driver as the business matures [37][41] Question: Drivers of adjusted EBITDA margin guidance increase - Strong gross profit growth driven by TPV and favorable mix, along with lower expenses, are key drivers of the adjusted EBITDA margin increase [45][46] Question: Regulatory environment impact - The regulatory environment is more business as usual, with some improvements in communication and coordination with bank partners [53][55] Question: International success and investment needs - The company sees significant growth potential in Europe, particularly with the capabilities gained from the TransactPay acquisition [70][73] Question: Crypto market performance - The crypto use case has been volatile but is performing better, with a focus on stablecoins and partnerships [82][84] Question: Traditional banks engagement - Conversations with traditional banks are ongoing, but broader support is still several years away [86][88] Question: TPV breakdown and spending patterns - No noticeable shifts in TPV breakdown, with strong performance across various use cases [92][94] Question: New BNPL capabilities - The company is developing a product that allows consumers to choose from multiple BNPL providers at the point of sale, enhancing value for issuing partners [95][96]
Wix Debuts Financial Services Suite For Businesses
PYMNTS.com· 2025-08-04 18:57
Core Insights - Wix has launched a suite of financial services, including Wix Checking and Wix Capital, aimed at helping small to medium-sized businesses manage cash flow and fund growth [2][3]. Group 1: Wix Financial Services - Wix Checking offers a business checking account integrated within the Wix platform at no extra cost, utilizing Unit's embedded finance solution [2]. - The checking tool syncs automatically with Wix Payments, eliminating the need for external banking tools and manual reconciliations, thereby saving time and reducing errors [2]. - Wix Capital is a merchant cash advance service designed to assist businesses in securing funding when traditional banks are not an option [3]. Group 2: Challenges for SMBs - Financial institutions have historically struggled to serve small to medium-sized businesses (SMBs) due to their varied business models, cash flow patterns, and credit profiles [4]. - Many SMBs lack dedicated finance teams or the volume to justify custom solutions, placing them in a challenging position between retail and corporate financing [4]. - Research indicates that 20% of SMBs without access to financing are concerned about their survival amid ongoing cost increases driven by tariffs [4][5]. Group 3: Access to Financing - Only 44% of SMBs have access to external financing, such as bank loans or lines of credit, while 56% rely on operational cash flow or personal capital for daily operations [6]. - This disparity in access to financing is particularly concerning in light of current macroeconomic trends [6].
WEX Sees 25% Year-Over-Year Growth in Accounts Payable Automation
PYMNTS.com· 2025-07-24 21:09
Core Viewpoint - WEX is transitioning from a traditional fuel card provider to a diversified FinTech infrastructure company, focusing on AP automation and expanding into new verticals despite a temporary revenue dip due to client restructuring [1][3]. Group 1: Company Transformation - WEX now operates in three segments: Mobility, Benefits, and Corporate Payments, marking its evolution from a payments utility to a multiplatform financial infrastructure company [4][5]. - The Mobility segment accounts for approximately 50% of total revenue, facing challenges such as decreased same-store sales due to efficiency gains and cautious spending by fleet operators [6]. Group 2: Strategic Partnerships and Growth - WEX secured a significant contract with BP, allowing the issuance of BP-branded fleet cards linked to its loyalty program, which is expected to enhance WEX's leadership in fleet payments [7][8]. - The Benefits segment showed stable growth with a revenue increase of 8.5% year-over-year to $195.1 million, driven by growth in SaaS accounts and custodial investment income [9][10]. Group 3: Corporate Payments Segment - The Corporate Payments segment experienced an 11.8% revenue decline to $118.3 million, primarily due to a major online travel agency restructuring its spending model [11][12]. - WEX is expanding its AP automation capabilities, increasing its dedicated sales force by over 50% and signing over 140 new customers year-to-date, indicating strong demand for digitizing payment workflows [12][13].