Tagged: acquisition

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

Nordea to Acquire Gjensidige’s Banking Arm; Announces Partnership With Insurance Group

Nordea announced on Monday it has into an agreement with Gjensidige Forsikring ASA to acquire all shares in Gjensidige Bank ASA. The company reported that it purchased the bank for an estimated cash consideration of NOK 5,500 million (€578 million), that will be adjusted for the… Read More

Peoples Trust Company Acquires Online Lending Platform Lendful

Peoples Trust Company, a federally chartered financial institution that has provided financial services to Canadians, announced this week it has acquired Vancouver-based online lending platform Lendful. According to the duo, Peoples Group’s key mission is to exceed customers’ expectation by providing access to financial products within select markets…. Read More

KeyBank Acquires Digital Lending Platform For Small Businesses Bolstr

On Wednesday, KeyBank announced it has acquired digital lending platform for small businesses Bolstr. According to Key, the fintech software, which is expected to be implemented later this year, will enable the banking group to provide faster and easier access both to SBA loans and to… Read More

Danish Payments Platform Nets Expands Into Poland Thanks to Acquisition of Dotpay/eCard

Nets, a Denmark-based payments platform, announced on tuesday it has expanded into Poland thanks to the acquisition of payments service providers Dotpay/eCard. According to Nets, Andrzej Budzik will continue as CEO of Dotpay/eCard and will report directly to Asger Hattel, Head of Merchant Services in Nets,… Read More

PayPal Acquires Global Payout Platform Hyperwallet

Online payments giant PayPal announced on Tuesday it has acquired global payout platform Hyperwallet for $400 million. The latest acquisition reportedly enhances PayPal’s capabilities, which will improve the company’s ability to provide an integrated suite of payment solutions to e-commerce platforms and marketplaces around the… Read More

Finastra Announces Acquisition of Malauzai

Finastra announced on Monday it has acquired Malauzai, a Texas-based provider of mobile and Internet banking solutions for community financial institutions. The company reported that this new deal reflects its commitment to the U.S. retail and business banking sectors by further enabling digital transformation for… Read More

TrueCaller Acquires India-Based Digital Payments Platform Chillr

Truecaller, a Sweden-based company that is on a mission is to build trust everywhere by making communication safe and efficient, announced on Wednesday it has acquired India-based multi-bank payments app, Chillr. Speaking about Chillr joining their platform, the Truecaller team stated: “Today, we are proud to… Read More

Online Lender LendingTree Completes Ovation Credit Services Acquisition

LendingTree, Inc. (NASDAQ:  TREE) announced on Tuesday its subsidiary, LendingTree, LLC, completed its acquisition of Ovation Credit Services, Inc., a leading provider of credit services with a strong customer service reputation. The acquisition was announced last month. According to LendingTree Ovation Credit Services utilizes a proprietary software… Read More

Global Fintech Firm InvestCloud Acquires rplan Limited for $20 Million

On Monday, global fintech InvestCloud announced it has acquired London-based rplan Limited for $20 million. According to InvestCloud, rplan is a provider of client engagement technology to support investment propositions for web and mobile. The company’s client base includes four of the top eight UK… Read More

Zurich Insurance Group Acquires Minority Stake in Insurtech Startup CoverWallet

On Thursday, insurtech startup CoverWallet announced that global insurance company Zurich Insurance Group (VTX: ZURN) has acquired a minority stake in the company. According to CoverWallet, the investment builds on a commercial partnership between CoverWallet and Zurich in Europe that was announced in February. CoverWallet also… Read More

Fintech Firm Flexiti Acquires TD Financing Services’ $250 Million Canadian Private Label Credit Card Portfolio

On Thursday, point-of-sale financing and payment tech provider Flexiti announced it has acquired TD Financing Services’ (TDFS) Canadian private label credit card portfolio, which is valued at approximately $250 million. According to Flexiti, the acquisition includes an equity investment of over $50 million led by… Read More

Global Fintech Broadridge Financial Announces Acquisition of MackayWilliams

On Thursday, global fintech Broadridge Financial announced it has further expanded its global market intelligence business with its recent acquisition of MackayWilliam, a European fund market, and research firm. According to Broadridge, the acquisition will combine its fund data and analytics solution with MackayWilliam’s European… Read More

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