The Dutch Embedded Banking middleware provider, Flow, is being acquired by one of its customers, Snelstart (LinkedIn).
Flow initially started as a B2C money management solution for consumers and freelancers, powered by Open Banking. However, the startup pivoted into Embedded Finance, making its frontend and automation features available to non-financial brands, including accounts and cards via its Embedded Banking partner Adyen (covered in an previous newsletter).
Founder of Embedded Finance Review. 10+ years in fintech, including employee #1 at figo (open banking) and first Head of Banking at Weavr. Based in Berlin.
Swedish regulator revokes Intergiro's e-money license over money laundering failures. What this means for banking-as-a-service customers and regulatory scrutiny.
