Tagged: acquisition

Global Payments & Foreign Exchange Solution Finablr Acquires Major Stake in Digital Gifting Platform Swych

Finablr, a global platform for payments and foreign exchange solutions, announced on Monday it has increased its stake in Swych, a digital gifting platform, with a follow-on Series B investment to become a majority shareholder. Finablr reported that through its stake it will leverage its network’s leadership and… Read More

Investment Platform Motive Partners Announces Acquisition of RegTech LPA

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Motive Partners, an investment firm focused on technology-enabled companies that power the financial services industry, announced on Monday it has a controlling interest in Lucht Probst Associates GmbH (LPA), a provider of innovative software and advisory services focused on financial services distribution and regulatory compliance solutions. Founded… Read More

CME Group Completes NEX Acquisition

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CME Group, the world’s leading and most diverse derivatives marketplace, announced on Monday it has completed its acquisition of NEX Group, which in returned created a global markets company across futures, cash and OTC. According to CME, the combined organization enables market participants worldwide to… Read More

Digital Securities Marketing Platform Issuance Set to Acquire CrowdfundX

Issuance, Inc., a marketing platform for digital securities, announced on Monday it has executed a Letter of Intent (LOI) to acquire the assets of financial marketing firm CrowdfundX. The plans to acquire CrowdfundX come just after Issuance recently announced a listing agreement with OpenFinance Network, a… Read More

LendingTree Completes Acquisition of QuoteWizard & Announces Revolving Credit Facility Amendment

Online lending exchange LendingTree(NASDAQ: TREE) announced earlier this week it has completed the acquisition of insurance comparison marketplace, QuoteWizard. As previously reported, QuoteWizard has helped nearly 40 million consumers find their ideal insurance policy with top-tier insurance carriers across key insurance markets, which are auto, home, and… Read More

Fiserv Completes Acquisition of Elan Financial Services’ Third Party Debit Processing Solutions

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, announced on Wednesday it has completed its acquisition of the debit card processing, ATM Managed Services and MoneyPass surcharge-free network of Elan Financial Services, a unit of U.S. Bancorp (NYSE: USB). The acquisition, which was announced… Read More

Even Financial Announces Acquisition of Birch Finance

Even Financial, the platform powering financial services online, announced on Wednesday it is set to acquire Birch Finance, which is described as a personal finance app that helps everyday consumers find the best credit cards and optimize their rewards. This upcoming acquisition comes just a couple… Read More

Accenture Announces Acquisition of TargetST8 Consulting to Enhancing Consulting & Advisory Capabilities

Accenture (NYSE: ACN) announced earlier this week it has acquired TargetST8 Consulting, a privately held financial services consulting firm specializing in corporate and commercial lending, with offices in New York. According to Accenture, TargetST8 focuses exclusively on the financial markets. By serving leading banks and investment firms in… Read More

LendingTree Set to Acquire Insurance Comparison Marketplace QuoteWizard

Online lending exchange LendingTree(NASDAQ: TREE) announced last week it is now set to acquire insurance comparison marketplace, QuoteWizard. According to LendingTree, QuoteWizard has helped nearly 40 million consumers find their ideal insurance policy with top-tier insurance carriers across key insurance markets, which are auto, home, and health…. Read More

Crypto Firm Circle Acquires Crowdfunding Platform SeedInvest

SeedInvest, one of the leading US based investment crowdfunding platforms, is being acquired by crypto firm Circle. The news was reported in a blog post by Circle that stated SeedInvest was being acquired as it seeks to enable startups to issue security tokens using blockchain, while… Read More

Owner of Hacked Japanese Crypto Exchange Zaif Suspends New Registrations, Say Acquisition Still on Table

Tech Bureau, owner of the Japanese cryptocurrency exchange Zaif, which was recently hacked for more than $60 million USD, says that although it is suspending new account registrations at the exchange, negotiations for the company’s acquisition by FISCO are still underway. According to a release… Read More

Société Générale Acquires Fintech Startup Treezor

Société Générale, France’s third-largest bank, announced on Thursday it has acquired French fintech startup, Treezor. The latest acquisition comes just a few months after Société Générale acquired Lumo, the pioneering crowdfunding platform dedicated to renewable energies. Founded in 2015, Treezor is described as one of France’s pioneering Banking-as-a-Service… Read More

Wyre’s Retail Cross-Border Payment Service Now Being Acquired By WorldFirst

Wyre, a U.S.-based money transfer service, announced this week it has entered into an account transfer agreement for the sale of its retail money transfer business to money transfer firm, WorldFirst. This news comes just after Wyre announced its API was being extended to dapps… Read More

Q2 Enters in Agreement to Acquire Cloud Lending Solutions

Digital banking solutions provider, Q2 Holdings, Inc. (NYSE: QTWO) has entered in an agreement to acquire California-based Cloud Lending, Inc., a privately-held SaaS company that provides an integrated end-to-end lending and leasing platform. According to Q2, the transaction has been approved by the boards of directors of both… Read More

Paytm Announces Acquisition of Management Startup Balance.Tech

India-based mobile wallet service provider Paytm announced on Wednesday it has acquired management startup Balance.Tech. Founded in 2010, Paytm claims to be India’s largest mobile payment and commerce platform. It offers a full marketplace for consumers through its mobile apps. The company’s investors include investors include… Read More

Binance Acquires Mobile Crypto Wallet “Trust Wallet”

Cryptocurrency exchange Binance announced on Tuesday it has acquired Ethereum and ERC20 mobile wallet and decentralized application browser Trust Wallet. Binance reported that this transaction marks its first acquisition and indicates the “importance” of secure wallet technology for the next wave of crypto adoption. Founded… Read More

Following BitTorrent Acquisition, Blockchain Tech TRON Now Has More Than 100 Million Users

Blockchain tech startup TRON reportedly had a productive week – the company not only declared it now has more than 100 million users on its platform but also revealed it has acquired software company BitTorrent. Founded in 2017, TRON describes itself as a company dedicated to building… Read More

GrubHub Acquires Mobile Fintecher LevelUp

LevelUp, a Boston-based mobile app fintech firm announced this week it has been acquired by GrubHub. According to the startup, although this new deal is still subject to regulatory approvals, Seth Priebatsch, Chief “Ninja” at LevelUp, wanted to share more details about the acquisition. According to Priebatsch,… Read More

Dutch Fintech Five Degrees Announces Acquisition of Iceland-based Core Banking IT Systems Provider Libra

Five Degrees, a Netherlands-based fintech, announced on Thursday it has acquired Libra, a provider of core banking IT systems in the financial sector in Iceland. Five Degrees reported that the acquisition boosts its international growth ambitions, enabling the company to offer its full-service proposition of… Read More

EY Announces Acquisition of New Cryptocurrency Technology & Related Patents From Elevated Consciousness

Ernst & Young LLP (EY) announced on Thursday it has acquired technology assets and related patents from Elevated Consciousness, Inc., a U.S. startup focused on developing unique solutions for the crypto-asset ecosystem. EY reported that the acquisition is part of its strategy to expand blockchain-related… Read More

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