Tagged: acquisition

Portland-based Fintech WEX Confirms Two Acquisitions Worth $1.7 Billion

Portland-based WEX Inc. (NYSE: WEX), an established financial technology (Fintech) service provider, confirmed on January 24 that it’s planning to make two new acquisitions worth an estimated $1.7 billion. The Fintech firm has reportedly finalized an agreement to acquire Singapore-headquartered eNett, a provider of business-to-business… Read More

Broadridge Set to Acquire FundsLibrary

U.S.-based fintech Broadridge Financial Solutions announced on Tuesday it is set to acquire FundsLibrary, a company focused on fund document and data dissemination in the European market, from its parent company Hargreaves Lansdown. Broadridge reported that by combining FundsLibrary’s capabilities with its existing regulatory communications… Read More

UK Payments Platform DNA Payments Announces Acquisition of Zash AB

UK fintech DNA Payments announced on Friday it has officially acquired Zash AB, a Swedish fintech company providing Point of Sale Software and Payments services to over 1000 clients in the UK, across EU, Latin America and Brazil. According to DNA, Zash was founded by… Read More

Voyager Digital Completes Acquisition of Registered Broker-Dealer VYGR Digital

Voyager Digital Ltd. (CSE: VYGR) (OTC Pink: VYGVF) (FRA: UCD2) announced earlier this week it has completed its acquisition of VYGR Digital Securities, LLC. Voyager Digital reported that the acquisition cements its position as a broker-dealer on the Voyager Platform, which was claimed to be… Read More

Raisin Announces Acquisition of Software Company Choice Financial Solutions

Cross-border savings and investments marketplace Raisin announced on Wednesday it is acquiring software company Choice Financial Solutions. Raisin reported that the acquisition will make its first real innovation to the U.S. deposits market in generations broadly accessible to banks across the country. “Raisin will license… Read More

Kraken Acquires Australian Crypto Trading Platform Bit Trade

San Francisco-based cryptocurrency trading platform Kraken has acquired Bit Trade, a cryptocurrency trading platform billed as, “Australia’s longest running digital currency exchange.” Kraken was founded in 2011 and Bit Trade in 2013. “With this acquisition, Kraken will focus on being the premier crypto service in… Read More

Plaid Has Been Acquired By Visa

Plaid, a U.S.-based fintech startup, announced on Monday it has been acquired by Visa. The companies both revealed that Visa will pay total purchase consideration of $5.3 billion through the acquisition. Founded in 2012, Plaid stated it is focused on enabling “innovation and democratizing” financial… Read More

European Investment Platform Bux Acquires Social Crypto Exchange Blockport

European investment platform Bux announced on Thursday it has acquired Blockport, a social cryptocurrency investment platform based in Amsterdam. Bux reported that the acquisition will further expand its service offerings and will continue to drive its mission to become a single designation for young investors… Read More

Sapiens Announces Acquisition of German Insurtech sum.cumo

 Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a global provider of software solutions for the insurance industry, announced on Tuesday it has acquired Germany-based insurtech sum.cumo for €28.4 million. Founded in 2010, sum.cumo claims it stands for the “successful, integrated digitalization” of traditional business… Read More

PayPal Announces Honey Acquisition Completion

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PayPal announced on Monday it has officially completed its acquisition of Honey Science Corporation (Honey), which is a tech platform for shopping and rewards. As previously reported, Honey is widely known as a useful discovery tool that assists users in finding savings and good deals… Read More

Primary Capital Announces Acquisition of a Division of Infinity Capital Funding

Primary Capital Funding, a U.S.-based merchant cash advance provider and small business servicing company, announced on Monday it has acquired a division of Infinity Capital Funding. Primary Capital reported that the acquisition will enable it to expand its mission to help “subprime small business owners”… Read More

Germany-based Lender Commerzbank Finalizes Agreement to Increase Stake in Online Lending Fintech Comdirect

Germany-based lending company Commerzbank has reportedly finalized an agreement with activist investor Petrus Advisers, in order to increase its stake in online lending Fintech firm Comdirect. Commerzbank is planning to take over Comdirect’s business operations and aims to help the company reduce costs. The takeover… Read More

Uber Completes Acquisition of Middle East-Based Internet Platform Careem

Uber (NYSE: UBER)  announced on Thursday it has officially completed the acquisition of Careem, an internet platform for ride-hailing that is based in the Middle East. Uber reported that it acquired Careem for $3.1 billion. Founded in 2012, Careem offers services in mass transportation, delivery… Read More

Mastercard Announces Acquisition of AI & Data Analytics Solutions Provider RiskRecon

Mastercard (NYSE: MA) recently announced it has entered into an agreement to acquire RiskRecon, a provider of artificial intelligence and data analytics solutions to support companies in protecting their cyber systems and infrastructure. Mastercard reported that with RiskRecon’s pioneering scanning and evaluation technologies, organizations may… Read More

Accenture Announces Completion of Consulting Firm Silveo Acquisition

Accenture (NYSE: ACN) announced on Friday it has completed its acquisition of consulting firm, Silveo. According to Accenture, Silveo is a French consulting company providing services and solutions for digital manufacturing and intelligent supply chains. Accenture also noted that Silveo brings a team of 50… Read More

PayPal Completes Acquisition of Payment Gateway GoPay

Payments platform giant PayPal (NASDAQ: PYPL) announced on Friday it has completed its acquisition of a 70% equity interest in Guofubao Information Technology Co., Ltd. (GoPay). The acquisition notably follows the approval of the transaction by the People’s Bank of China, which took place on September… Read More

Nordea Enters Into Agreement With Société Générale to Acquire All Shares in SG Finans AS

Finland-based banking group Nordea Bank announced on Thursday it has entered into an agreement with Société Générale to acquire all shares in SG Finans AS (SG Finans) and intends to combine the business with Nordea’s pan-Nordic finance company, Nordea Finance. The agreed purchase price for… Read More

San Francisco’s Credit Karma Acquires Fintech Haven Money, a Savings App

As more startup initiatives acquire banking licenses, including tech firms, an established 12-year-old Fintech company has reportedly decided not to get into banking. Instead of becoming a bank, San Francisco-based Credit Karma has decided to support a team of five professionals who’re working on a… Read More

Accenture Announces Acquisition of U.S. Data Consultancy Clarity Insights

Accenture (NYSE: ACN) announced on Friday it has agreed to acquire Clarity Insights, a U.S.-based data consultancy with deep data science, artificial intelligence (AI) and machine learning (ML) expertise. Accenture claims that Clarity Insights is a leading provider of data science and AI/ML engineering capabilities for large… Read More

Online Payments Platform Payoneer to Acquire Munich-based optile, a Firm that Enhances Payment Acceptance Processes

Payoneer, an established online payments platform that helps organizations and individuals across the globe to grow their business, revealed on December 10 that it has decided to acquire optile, a Germany-headquartered technology firm that enhances payment acceptance processes for consumers globally. Established in 2010, optile’s… Read More

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