Tagged: acquisition

April 11, 2024 @ 1:51 pm By Omar Faridi  |  

EQT is pleased to announce that EQT Mid Market Europe, together with its co-shareholders, has agreed to sell Rimes to the Five Arrows Long Term Fund and Five Arrows Principal Investments. Five Arrows is the alternative assets arm of Rothschild & Co. Founded in 1996,… Read More

April 10, 2024 @ 9:39 pm By Omar Faridi  |  

Entrust, a global enabler of trusted payments, identities, and data security, announced that it has completed its acquisition of Onfido, a global leader in identity verification. With this completed acquisition, Entrust now “provides the industry’s most comprehensive portfolio of AI-powered, identity-centric security solutions.” Terms of… Read More

April 10, 2024 @ 8:22 am By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired Axis Corporate, a Spanish management and technology business consulting firm specialized in financial services. Axis Corporate enhances Accenture’s strategy and technology offerings “that enable companies in Spain to reinvent their business models, more effectively manage costs and develop new products… Read More

April 1, 2024 @ 12:35 pm By Omar Faridi  |  

SIX announced that it had acquired a majority stake in FactEntry, a global provider of fixed-income reference data, analytics, and solutions for financial market participants. SIX is the the stock exchange of Switzerland. This strategic acquisition significantly enhances SIX’s data offering and aligns “with its… Read More

March 19, 2024 @ 8:46 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a firm focused on Cloud banking for the global financial services industry, announced that it has signed a definitive agreement to acquire DocFox, a solution provider automating onboarding experiences for commercial and business banking. DocFox’s technology helps simplify and automate “the… Read More

March 19, 2024 @ 7:14 am By Omar Faridi  |  

CoinShares International Limited (Nasdaq Stockholm: CS), the European investment company specializing in digital assets, announced the completion of its acquisition of Valkyrie Funds LLC, the investment advisory business of Valkyrie Investments Inc., as well as the Sponsor rights to the Valkyrie Bitcoin Fund, the physically-backed… Read More

March 16, 2024 @ 3:09 pm By Omar Faridi  |  

GoCardless, the bank payment company, has signed an agreement to acquire Sentenial Ltd, operating globally under the Nuapay brand, from EML Payments Limited (ASX: EML) subject to regulatory approvals. The acquisition will significantly scale GoCardless’ indirect channel proposition, consolidating its position as “a key payment… Read More

March 15, 2024 @ 8:32 am By Omar Faridi  |  

Levenue, a revenue-based financing company, has acquired MidFunder, a Zurich-based Fintech that provides financing for companies with recurring revenue. The acquisition marks a strategic move to enhance its Swiss operations. As entrepreneurs and early-stage investors, Patrick Frei, Founder of MidFunder, and Pascal Schumperli, Co-Founder, identified… Read More

March 15, 2024 @ 8:27 am By Omar Faridi  |  

ANNA is announcing that they’ve acquired GetCape, a Sydney-based fintech that operates as a business spend management platform. The acquisition signals ANNA’s aim to “create a new SaaS (software as a service) category to take on Australia’s ‘big four’ banks, ANZ, CommBank, NAB and Westpac,… Read More

March 10, 2024 @ 10:48 pm By Michael Wong  |  

Israeli Fintech firm Nayax has solidified its position in the Latin American market with the recent acquisition of VMtecnologia, a key player in the technology provision for the automated self-service industry in Brazil. This move, marking the company’s second acquisition in just over four months,… Read More

March 4, 2024 @ 1:56 pm By Omar Faridi  |  

Oliver Wyman, a global firm focused on management consulting, and a business of Marsh McLennan (NYSE:MMC) announced the completion of its acquisition of Innopay. Innopay complements Oliver Wyman’s existing payments consulting capabilities. Innopay delivers strategy, scheme development, and execution “in the domain of digital payments,… Read More

February 20, 2024 @ 8:10 am By Omar Faridi  |  

Capital One Financial Corporation (NYSE: COF) and Discover Financial Services announced that they have entered into a definitive agreement under which Capital One will acquire Discover in an all-stock transaction valued at $35.3 billion. The transaction brings together two companies “with track records of delivering… Read More

February 15, 2024 @ 8:28 am By Omar Faridi  |  

Nucleus Financial Platforms, which claims to be one of the UK’s largest adviser platform groups with over £80bn of assets under administration from 250,000 customers, announces the acquisition of Third Financial. Third Financial is an investment platform and front-to-back wealth management software provider, “serving discretionary… Read More

February 13, 2024 @ 8:54 am By Omar Faridi  |  

Nordic Capital has signed an agreement to acquire a majority share in Zafin, a provider of SaaS core modernization and transformation solutions for financial institutions around the world. Zafin’s founders and management are said to be reinvesting in the company alongside Nordic Capital. Zafin is… Read More

February 11, 2024 @ 11:31 pm By Omar Faridi  |  

Oliver Wyman, a global management consulting firm and a business of Marsh McLennan (NYSE: MMC), announced that it has reached an agreement to buy Innopay, a consultancy firm specialized in digital transactions. Innopay will complement Oliver Wyman’s existing payments consulting capabilities. Terms of the transaction,… Read More

February 9, 2024 @ 5:45 pm By Omar Faridi  |  

Hiline, a provider of financial-operations-as-a-service that helps growth-minded organizations manage risk, improve outcomes, and make better decisions, announced it acquired Calculate, a New York-based outsourced accounting and finance firm dedicated to supporting the financial processes at emerging companies. This strategic acquisition represents “a significant milestone… Read More

February 8, 2024 @ 10:56 am By Omar Faridi  |  

Digital asset firm BitGo is moving into the more traditional securities sector. According to a corporate release, Bitgo has acquired Brassica – a Fintech providing digital infrastructure services to facilitate private securities and other alternative investments. Details of the transaction were not immediately available. Focusing on institutions,… Read More

January 31, 2024 @ 10:36 pm By Omar Faridi  |  

Ramp, a finance automation platform, says it has acquired the Sequoia-backed procurement startup Venue, as well as improvements to its Procurement product automation. The announcement represents a significant expansion for Ramp “beyond corporate cards as the company tackles inefficiencies across the entire financial tech stack.”… Read More

January 27, 2024 @ 4:38 pm By Omar Faridi  |  

Eco Inc, the crypto payments company with $95 million in funding from a16z, Coinbase Ventures, and other top technology investors, announced the acquisition of Join, a stablecoin-powered shopping app. This acquisition aligns with Eco’s vision to “create a more efficient, decentralized payment system, breaking away… Read More

January 23, 2024 @ 7:25 pm By Omar Faridi  |  

Objectway, the Fintech provider of as-a-service software and services to banks, wealth and asset managers, announced the acquisition of Nest Wealth, a Canadian provider of digital wealth solutions. Building on more than 30 years of business expertise, Objectway has “built partnerships with banks, wealth and… Read More