Money mobility platform Ingo Payments has chosen Marqeta as its issuer processing partner. The collaboration will help Ingo fulfill its goal of delivering “innovative instant account issuing” and “ecosystem-driven financial services,” the Georgia-based company said in a Monday (March 31) news release. “Over the past several months, following its acquisition of Deposits Inc.’s banking technology, Ingo has been enhancing its money movement platform to support embedded banking capabilities for both existing and new clients,” the release said

As this week’s “Pay Later Unpacked” virtual event draws to a close, we’ve heard a lot from the consumer-facing side of the house, as consumers are defining the use cases and payment preferences that drive this new format. We’ve heard a lot about how buy now, pay later (BNPL) services have fundamentally transformed consumer lending by underwriting individual transactions rather than consumer credit profiles themselves. But as the week closes out, let’s give payment processors their due. The BNPL revolution wouldn’t be possible without modern payment processing infrastructure that bypasses decades-old financial systems

FinTech IPO Index names were mostly in the red this past week, and the companies that did manage to post gains barely made it out of the low single-digit percentages. The majority of the headlines through the last several days were centered on partnerships tied to platforms, including buy now pay later, card issuing and banking initiatives. Insurance solutions firm Huize led the slide, down by nearly 16% through the past five sessions. Huize’s shares plummeted on the heels of its earnings report. The company’s investor materials revealed that gross written premiums facilitated across the company’s platform were the equivalent of $142.9 million in the fourth quarter of 2024, a decrease of 16.2% year over year. Renewal premiums accounted for 46.5% of total written premiums a decrease of 41.3% from the year ago period