Tagged: acquisition

Blockspring Team to Join Coinbase

Blockspring, a U.S.-based financial service startup, announced this week its team will be joining Coinbase. Speaking about joining Coinbase, CEO and Co-Founder, Paul Katsen, revealed in a blog post: “Back in summer 2014, Jason, Don, and I launched a tool for developers to easily build APIs without needing to… Read More

KeyBank to Acquire Online Lending Business Laurel Road

KeyBank National Association announced on Wednesday KeyBank and Laurel Road Bank have entered into a definitive agreement for the acquisition by Key of Laurel Road’s digital lending business. KeyBank reported that through the acquisition it will enhance its digital capabilities with customer-centric technology. According to… Read More

MUFG Union Bank Acquires Supply Chain Finance Platform Trade Payable Services from GE Capital

MUFG Americas Holdings Corporation (MUAH) and GE Capital announced on Wednesday that MUFG Union Bank, N.A., a subsidiary of MUAH, will be acquiring Trade Payable Services (TPS), a supply chain finance platform, from GE Capital. MUFG Union Bank will reportedly assume management control of the systems and processes… Read More

LendingTree Acquires Certain Assets of Dubond Infotech Services

Online lending exchange LendingTree(NASDAQ: TREE) announced on Wednesday it has acquired certain assets of Dubond Infotech Services, LLP through a subsidiary after exercising its previously disclosed purchase option acquired in connection with its MagnifyMoney acquisition in June 2017. According to LendingTree, the Dubond transaction was completed on December 31,… Read More

Accenture Acquires Management Consultancy & Technology Service Provider Orbium

Accenture (NYSE: ACN) announced on Wednesday it has agreed to acquire Orbium, a management consultancy and technology services provider to the financial services industry, headquartered in Switzerland. According to Accenture, the acquisition will further strengthen Accenture’s ability to provide innovative services to clients in the private-banking and wealth-management… Read More

UK Insurer Kingsbridge Acquires Insurtech Startup Dinghy

Dinghy, a UK-based insurtech platform specifically for freelancers, has been acquired from UK insurer Kingsbridge. This news comes just one year after Dinghy secured $1.2 million during its seed funding round led by Balderton Capital. As previously reported, Dinghy was founded in 2017 by co-founders Ben Wilks, Robert… Read More

Fintech Startup Plaid Announces Acquisition of Quovo

Plaid, a U.S.-based fintech startup, announced on Tuesday it has acquired data platform Quovo. According to Plaid, acquiring Quovo will make it easier for developers to build products that incorporate investment and brokerage data on its platform. It was revealed: “Financial applications have historically used Plaid… Read More

Visa to Acquire UK Cross-Border Payment Service Earthport For £198 Million

Financial service giant, Visa, is reportedly set to acquire Earthport, a UK-based cross-border payment service specifically for banks and businesses. The company reported through its service, clients are able to manage payments to almost any bank account in the world, as well as reduce cost and… Read More

Ant Financial Reportedly in Talks to Acquire UK Payments Firm WorldFirst For $700 Million

Ant Financial Services Group (Ant Financial), a China-based tech company and the operator of Alipay, is reportedly in talks to acquire UK payments firm, WorldFirst, for $700 million. According to Sky News, Ant Financial has been in talks to purchase WorldFirst for the past several months. … Read More

Temenos Completes Avoka Acquisition

Temenos (SIX: TEMN) announced on Friday it has completed its acquisition of Avoka. The company previously announced it was acquiring the Australia-based SaaS vendor to further strengthen its Temenos Digital Front Office product, which has more than 300 banking clients and has been recognized as a leader by… Read More

Tradeshift Announces Acquisition of Cloud Integration Tech Firm Babelway

Business commerce platform Tradeshift announced on Tuesday it has acquired cloud integration technology firm, Babelway. According to Tradeshift, Babelway has provided a standardized way for businesses to connect disparate systems with ease and speed. Babelway’s “powerful” technology will now be offered as Tradeshift Link. Tradeshift explained: “Tradeshift… Read More

Bookkeeping Mobile App Albert Acquired By Santander

Albert, a UK-based bookkeeping mobile app, announced on Tuesday it has been acquired by banking group, Santander. Founded in 2014, Albert describes itself as the “brainchild” of the created of award-winning mobile apps such as NatWest, RBS, and the BBC. The app provides customers with a… Read More

Saxo Bank Agree on Recommended All-Cash Public Offering For All BinckBank Shares

Denmark-based Saxo Bank announced on Monday a conditional agreement has been reached on a recommended public offer to be made by the bank for the entire issued and outstanding share capital of BinckBank for €6.35 in cash per share (cum dividend).  According to Saxo Bank,… Read More

Temenos Acquires SaaS Vendor Avoka to Strengthen Digital Front Office Banking Product

Temenos (SIX: TEMN) announced on Thursday it has acquired Australia-based SaaS vender, Avoka, to further strengthen its Temenos Digital Front Office product, which has over 300 banking clients and has been recognized as a leader by top analyst houses such as Forrester and Ovum. Temenos has notably… Read More

Investment Platform Motive Partners Announces Finantix Acquisition

Money Benjamin Dollars 100

Motive Partners, an investment firm focused on technology-enabled companies that power the financial services industry, announced on Tuesday it has acquired a controlling interest in Finantix, which is a provider of technology enabling the digitalization of omni-channel advisory, sales, and services processes of private banks, wealth managers and insurance companies. This… Read More

Canadian Exchange Coinsquare Acquires BlockEQ to Expand Cryptocurrency Offerings

Canadian cryptocurrency Coinsquare announced on Thursday it has acquired BlockEQ, a cryptocurrency wallet on the Stellar network. Coinsquare reported that it purchased BlockEQ for CAD$12 million and will use BlockEQ’s technology to help it and its users connect further with the world of cryptocurrencies. It was revealed: “BlockEQ,… Read More

PayPal Announces Full Acquisition of Hyperwallet

PayPal Holdings, Inc. (NASDAQ: PYPL) announced on Thursday it has completed its acquisition of Hyperwallet for approximately $400 million USD. According to the firm, this transaction will strengthen PayPal’s payout capabilities and enhance PayPal’s ability to provide an integrated suite of payment solutions to e-commerce… Read More

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

Money Benjamin Dollars 100

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

Money Benjamin Dollars 100

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

Send this to a friend