Tagged: acquisition

Thrive Acquires Edge Tech Group to Become Major Cybersecurity Managed Services Provider

Thrive, a provider of cybersecurity and digital transformation managed services, announced  that it has acquired Connecticut-based Edge Technology Group, a global technology advisory and fully-managed IT service provider for alternative investment managers. The acquisition of Edge Technology Group “adds new global offices and data centers… Read More

iBanFirst Acquires UK’s FX Provider Cornhill to Address Brexit Payment Challenges

Global financial services platform iBanFirst recently confirmed the acquisition of the London-headquartered FX provider, Cornhill. The strategic acquisition aims to further build on iBanFirst’s funding partnership with private equity company arlin Equity Partners, launched in June of last year. As mentioned in the update, this… Read More

NerdWallet to Acquire On The Barrelhead

NerdWallet, Inc. (Nasdaq: NRDS), a platform that provides financial guidance to consumers and small- and mid-sized businesses, recently announced the entry into an acquisition agreement with On the Barrelhead, Inc., a data-driven platform that “provides consumers and SMBs with credit-driven product recommendations to help improve… Read More

SAS Acquires Kamakura to Support Risk Tech Innovation as Financial Sector Braces for Volatility

Global AI and analytics provider SAS has acquired Honolulu-based Kamakura Corporation. Privately held Kamakura offers specialized software, data and consulting that “helps financial organizations across the spectrum – banks, insurance companies, asset managers, pension funds and more – manage a variety of financial risks.” SAS‘… Read More

Embedded Fintech Platform Colendi Acquires London’s Enterprise Blockchain Firm SETL

Colendi, the embedded Fintech services platform in Turkey and surrounding regions, announced its acquisition of London-based blockchain settlements and payments provider SETL. Launched in 2015, SETL claims to be one of the leading enterprises blockchain companies “known for its high-profile work with selected Central Banks… Read More

Glia Acquires Finn AI to Offer Banking Virtual Assistants for Digital Customer Service

Glia, the provider of Digital Customer Service, has acquired Finn AI, the AI-powered chatbot platform for banks and credit unions. The deal aims to mainstream virtual assistants for financial services companies “by making Finn AI’s proven conversational AI solutions an integral part of Glia’s …… Read More

eBay Acquires NFT Marketplace, KnownOrigin

eBay Inc. (Nasdaq: EBAY), a global commerce platform that connects millions of sellers and buyers around the world, and KnownOrigin, one of the most “innovative” non-fungible token (NFT) marketplaces, today announced that eBay “has acquired KnownOrigin.” KnownOrigin’s technology and platform “provides artists a place to… Read More

Frankfurt’s Raisin Bank AG Enters the Payments Business

Frankfurt-based Raisin Bank AG is expanding its business to include payments. To this end, the Banking-as-a-Service (BaaS) provider is “acquiring the payment services division of Bankhaus August Lenz & Co. AG.” With the acquisition, Raisin Bank will “expand its product range by payment services and… Read More

iCapital to Acquire SIMON Markets, an Advisor Platform for Structured Investments, Annuities, Risk-Managed Solutions

iCapital, the Fintech platform driving access and efficiency in alternative investing for the asset and wealth management sectors, and SIMON Markets, the Fintech company offering a digital platform designed to help financial advisors understand and manage structured investments, annuities, and other risk-managed products, have announced… Read More

SEB Acquires Part Ownership Stake in Tech Firm Leneo

SEB reveals that it’s entering into a strategic cooperation with tech firm Leneo, acquiring a part ownership stake through SEB Venture Capital. The company has “developed a platform that helps companies to switch to new business models, where instead of selling products they sell a… Read More

FTX US Announces Acquisition of Clearing Firm Embed to Enhance FTX Stocks

West Realm Shires Inc. (FTX US) recently announced the acquisition of Embed Financial Technologies Inc., including its wholly-owned subsidiary Embed Clearing LLC, a FINRA, DTC, NSCC, Nasdaq, and IEX member clearing firm. Embed specializes in “providing whitelabel brokerage services and APIs to broker-dealers and registered… Read More

Digital Asset Firm FTX Acquires Bitvo, Makes Alberta first Canadian Business Location

Momentum in Alberta’s Fintech sector continues to build as crypto exchange company FTX revealed plans to establish its first Canadian location in Calgary after the acquisition of Calgary-based Bitvo — a trading platform “offering Canadians a secure and easy way to buy, sell and trade… Read More

Fintech Lender Uncapped Acquires Specialist Gaming Lender Sugar

Fintech lender Uncapped announced the acquisition of Sugar, a specialist flexible finance provider for gaming and digital apps. Sugar will “continue to trade under the new brand Sugar powered by Uncapped.” The acquisition gives Uncapped “a foothold in the gaming and apps market.” Sugar also… Read More

Rewire Acquires Imagen, an Israeli Migrant Prepaid Card Specialist

Rewire, a digital wallet designed for economic migrants, has made its very first acquisition, picking up Imagen, a pre-paid card service provider intended for migrants in Israel. Financial terms were not shared publicly. Imagen operates over 30,000 active pre-paid MasterCards that are connected to the… Read More

Amber Group Licensed to Operate in Hong Kong After Celera Markets Ltd Acquisition

Amber Group, a global digital asset platform, announced its acquisition of Celera Markets Limited, a “fully” licensed financial group by the Securities and Futures Commission (SFC) of Hong Kong. The acquisition represents “a significant milestone for Amber Group, as it continues to strengthen its product… Read More

FLEETCOR Technologies to Acquire UK based Cross-Border Business

FLEETCOR Technologies, Inc. (NYSE: FLT), a global business payments company, recently announced it has signed a definitive agreement “to acquire the Global Reach Group, a UK-based cross-border payments provider.” With the acquisition, FLEETCOR increases its cross-border payments scale and strengthens its position “as one of… Read More

Circle Agrees to Acquire Digital Asset Infrastructure Platform CYBAVO

Circle has announced that they have signed agreements to acquire CYBAVO, which is a “breakthrough” crypto tech firm. Established in 2018, CYBAVO claims that it is a pioneer in core crypto security, custody, operations, and blockchain infrastructure platform services, “providing services to leading firms across… Read More

Razer Fintech Announces Acquisition of PT E2Pay Global Utama

Razer Fintech, the financial technology arm of Razer, the global lifestyle brand for gamers, recently announced the acquisition of PT E2Pay Global Utama, which claims to be one of the leading B2B2C digital payment facilitators and e-money players in Indonesia. Razer Fintech is an O2O… Read More

SocietyOne Introduces Transaction, Savings Accts Powered by Westpac

In its “first” major corporate milestone following its acquisition by MONEYME Ltd (ASX:MME), digital finance platform SocietyOne has launched transaction and savings accounts “powered by Westpac’s Banking-as-a-Service (BaaS).” SocietyOne is Westpac’s second partner “to launch products through its BaaS platform with two new additions to… Read More

ZoodPay, the Digital Lending Platform, Expands Operations to Pakistan

ZoodPay, the digital lending platform for e-commerce in the Middle East and Central Asia, has entered Pakistan by fully “acquiring Karachi headquartered Tez Financial Services (Tez).” Backed by investors including Planet N, Flourish Ventures and Accion, Tez reportedly became “the first Fintech in Pakistan to… Read More

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