Hi from Berlin,
It feels like summer is over already. But at least for this newsletter, there is still one more week of recap time.
Over the past two weeks, we dove into embedded finance for Marketplaces and Consumer Brands as well as Vertical SaaS and ERP, both massive areas for embedded finance.
So what is left for the third and final week of the H1 2026 recap? I decided to dedicate this edition to Enablers and Market Moves.
Therefore, in this edition, you will read about the companies that act in the background of Embedded Finance. They are often not that well-known, but extremely important for the industry.
The summer 2026 recap schedule:
From next week onwards, the newsletter cycle returns to normal with a dedicated Embedded Lending edition next week, followed by Payments and Banking the weeks after. And there are some big things happening on my end in my personal life over the next few weeks. Thus, please bear with me if some delays occur.
Now let's dive in! 👇
Building something in embedded finance? Whether you are a brand comparing providers, an enabler working through your go-to-market strategy, or a team trying to fill a crucial (fintech) role, my office hours are a free call to talk it through. I share my honest read and, where it helps, intros to my network.
Payments
Four enabler moves to keep up with new surfaces and new markets.
- Modulr × FIS: Expands into the US, its first market outside Europe, adopting a different playbook. (EFR)
- Airwallex: Launches in Germany with a €31m investment, targeting SMEs and embedded finance partnerships across DACH. (EFR)
Banks opening up as BaaS providers
Four banks, some licensed for decades, some barely alive a year ago, all now renting out their licence to non-bank companies.