Tagged: acquisition

China Rapid Finance Submits Letter of Intent With SOS Health Rescue Services to Acquire Control of XRF

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced earlier this week that it has reached a non-binding letter of intent on investment and cooperation with SOS Health Rescue Services Ltd. According to China Rapid Finance, the duo may enter into… Read More

Fintech Xalles Holdings, which Uses Blockchain for Financial Reconciliation, to Acquire Tech Firm, MinervaWorks

Xalles, a Fintech holding firm that uses blockchain technology for payment auditing and financial reconciliation, has revealed that it has entered a share purchase agreement to acquire 100% of MinervaWorks, an Atlanta-based tech company. The transaction will be finalized on March 31, 2020. Following the… Read More

Brex Acquires Neji, Compose Labs, & Landria to Bolster Product

Fintech

U.S. fintech Brex announced on it has acquired three startups to help enhance Brex Security, e-commerce product, and infrastructure. The acquisitions come just weeks after Brex announced the opening of its new and first-ever international office in Vancouver. As previously reported, Brex is seeking to… Read More

Australian Telecom Firm ZipTel to Acquire Fintech Firm Douugh Ltd

Australia-based ZipTel Ltd (ASX: ZIP), a local telecommunications firm that provides international roaming and various calling solutions, has committed to a binding agreement to acquire all the outstanding shares of Douugh Ltd. Douugh Ltd is a Fintech company that aims to use artificial intelligence (AI)-enhanced… Read More

Global Fintech Solution Provider Fiserv Acquires Bypass Mobile, an Enterprise Point of Sale Systems Services Provider

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, has revealed that it will be enhancing its omni-commerce capabilities with its acquisition of Bypass Mobile, an enterprise-grade point-of-sale (PoS) systems service provider. The financial terms of the transactions have not been shared… Read More

Accuity Acquires UK-based Fintech Apply Financial, which Offers Payment Processing and Validation Services

Accuity recently acquired London-headquartered Apply Financial, a Fintech firm that offers payment processing and payment validation solutions to individuals and companies. Although the amount paid for the acquisition and the other terms of the deal have not been shared publicly, Accuity’s management said that the… Read More

Accenture Announces Acquisition of German Embedded Software Company For Car Brands & Suppliers ESR Labs

Accenture (NYSE: ACN) recently announced the acquisition of ESR Labs, a Munich-based company that develops embedded software for German car brands and suppliers. This news comes just days after Accenture acquired Mudano, which is a strategic data consultancy to UK financial services firms, further enhancing its… Read More

Banco Santander Acquires Majority Stake in Spanish Fintech Mercury TFS

Banco Santander, S.A. (BME:SAN) announced on Friday it has acquired the majority stake in Mercury TFS, a Spain-based company that specializes in software solutions that automate the end-to-end management of trade finance transactions for corporate customers, for €30 million. According to Banco Santander, the transaction… Read More

Nordic Payments Firm Nets to Acquire Polskie ePłatności (PeP), a Company that Offers Financial Services to SMEs

Nets, an established Nordic payments firm, has reportedly decided to acquire Polskie ePłatności (PeP) in a transaction that would value the Polish merchant acquirer at around €405 million (appr. $454.3 million). PeP’s business is focused on services that are typically required by small and medium-sized… Read More

Nasdaq Acquires Solovis, an Asset Management Firm, which Will Complement Exchange’s eVestment Analytics Platform

New York-based Nasdaq stock exchange has reportedly acquired Solovis, an asset management company. The acquisition by the world’s second-largest stock exchange by market cap will complement its 2017 purchase of eVestment, a buy-side analytics platform. There are more than 600 institutional clients that use the… Read More

Fiserv Announces Acquisition of MerchantPro Express

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, announced on Tuesday it has acquired MerchantPro Express, an Independent Sales Organization (ISO) that provides state-of-the-art processing services, advanced point-of-sale (POS) equipment and merchant cash advances to businesses across the U.S., as part of its… Read More

Financial Markets Data & Infrastructure Provider Refinitiv Announces Acquisition of Software as a Service Provider Scivantage

Fintech

Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, recently announced it has acquired Software as a Service (SaaS) provider, Scivantage. Refinitiv reported that the acquisition of Scivantage represents the next step in its… Read More

Broadridge Completes Acquisition of FundsLibrary

U.S.-based fintech Broadridge Financial Solutions announced on Monday it has completed the acquisition of FundsLibrary, a company focused on fund document and data dissemination in the European market. Broadridge notably acquired FundLibrary from its parent company Hargreaves Lansdown. As previously reported, Broadridge shared that by combining… Read More

Payment Processor Checkout.com Announces Acquisition of French Startup ProcessOut

Checkout.com, a global payment solutions provider based in the UK, announced on Wednesday it has completed its first acquisition. The company acquired french payment startup, ProcessOut. The acquisition follows Checkout.com’s $230 million Series A funding round, which values the company at nearly $2 billion. Checkout.com… Read More

Envestnet | Yodlee Announces Acquisition of Financial Data Aggregation & Analytics Platform Provide FinBit.io

Fintech

Envestnet | Yodlee (NYSE: ENV), a data aggregation and analytics platform for digital financial services provider, announced on Tuesday it has acquired FinBit.io, a financial data aggregation and analytics platform provider for the India and Asia market. Founded in 2017,  FinBit.io describes itself as a data analytics… Read More

Santander Set to Acquire Merchant Service Company Elavon México

Santander Group announced on Monday it has entered into an agreement to acquire merchant payment solutions company Elavon México. Santander reported that it will be acquiring Elavon México for a total of 1,600 million (approximately USD 86 million and EUR 79 million) and Elavon México… Read More

Ireland-Based Financial Automation & Data Intelligence Solutions Provider Glantus Announces Acquisition of Vendor Credit Recovery Services JPD Financial

Glantus a global provider of financial automation and data intelligence solutions, announced on Monday it has acquired JPD Financial, a Vendor Credit Recovery services provider. According to Glantus, the acquisition will bring new levels of automation and AI to credit recovery and financial processing offered… Read More

Ally Financial Set to Acquire CardWorks For $2.65 Billion

Ally Financial Inc. (NYSE: ALLY) announced on Wednesday it has entered into a definitive agreement to acquire CardWorks, a U.S. credit card issuer focused on the non-prime segment with a complementary full-spectrum unsecured servicing operation that includes third-party servicing and recovery capabilities, in a transaction… Read More

BitGo Announces Acquisition of Digital Securities Platform Harbor

Blockchain software firm BitGo announced on Tuesday it has acquired Harbor, a digital securities platform, and its broker-dealer and transfer agent subsidiaries. BitGo reported that the acquisition extends its capabilities to address a wider class of digital assets for institutional investors and provides a foundation… Read More

Flywire Secures $120 Million Through Series E Investment Round Led by Goldman Sachs; Announces Acquisition of Healthcare Technology Platform Simplee

Flywire, a U.S.-based fintech firm that provides global payment and receivables solutions for education, healthcare, and commercial enterprises, announced on Thursday it has acquired healthcare technology platform Simplee. The acquisition comes just after the company raised $120 million through its Series E funding round, which… Read More

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