Tagged: acquisition

Accel-KKR Acquires U.S. Fintech Sageworks

Sageworks, a U.S. fintech that offers lending, credit risk, and portfolio risk solutions to banks and credit unions, announced on Friday it was acquired by Accel-AKKR, a private equity firm based in Menlo Park, California. As previously reported, Sageworks, which was founded in 1998, offers banks and… Read More

PayPal to Acquire Swedish Fintech iZettle

On Friday, CEO and Co-founder of iZettle, Jacob de Geer announced he and his team have reached an agreement with PayPal to acquire the Swedish fintech. The acquisition agreement comes less than two weeks after the company announced its plan to proceed with an initial public… Read More

Payments & Transactional Service Firm WorldLine Acquires SIX Payment Services For €2.3 Million

Worldline, (Euronext: WLN) a European payments and transactional services firm announced on Tuesday it has formed a strategic partnership with SIX and will be acquiring SIX Payment Services, the payment services division of SIX, for €2.3 million (CHF 2,750 million). According to Worldline, SIX Payment Services… Read More

Deutsche Bank Seeks to Accelerate Open Banking Strategy By Acquiring India-Based Fintech Startup Quantiguous Solutions

Deutsche Bank announced on Tuesday it has acquired Quantiguous Solutions, an India-based software company, to strengthen its Global Transaction Banking franchise. Deutsche reported that with the help of Quantiguous it will accelerate the development of its Open Banking platform that forms the core for developing innovative… Read More

LendingTree to Acquire Ovation Credit Services

LendingTree, Inc. (NASDAQ: TREE) announced on Friday it has entered into a definitive agreement to acquire Ovation Credit Services, Inc., a provider of credit services with a strong customer service reputation. According to LendingTree, Ovation Credit Services utilizes a proprietary software application that facilitates the credit… Read More

Personal Finance Platform Seedly Acquired by ShopBack

​ S​eedly​, a personal finance management platform, has been acquired by ​ShopBack​, a “lifestyle portal” that enables smarter purchase decisions. ​Both companies are based in Singapore. Cashback received an investment of USD $40 million in November 2017 and this is the first acquisition announcement since… Read More

IBM Acquires Aggregation & Analytics Software Provider Armanta

On Thursday, IBM announced it has acquired aggregation and analytics software provider Armanta. IBM reported it has worked with Armanta for the past two years to deliver financial risk solutions to clients globally. The combination of IBM’s and Armanta’s technology and expertise has allowed IBM to… Read More

Square Enters Into Definitive Agreement to Acquire Weebly

Last week, Jack Dorsey’s Square announced it has entered into a definitive agreement to acquire Weebly. The company reported it will pay a mix of cash and stock of approximately $365 million, which will include Square restricted stock units for Weebly’s founders and employees that… Read More

Billtrust Announces Acquisition of Credit2B

Billtrust, a fintech firm focused on B2B payment cycle management, announced earlier this week that it has acquired trade credit risk firm, Credit2B. Billtrust revealed that the transaction expands its Quantum solution suite with the addition of business credit reports, online credit applications, machine learning credit… Read More

Swiss Fintech Avaloq Acquires 10% Stake in Blockchain & Cryptocurrency Specialist Metaco

Avaloq, an international fintech providing services and digital solutions to banks and wealth managers, announced on Thursday it has acquired 10% stake in blockchain and cryptocurrency specialist firm, Metaco. Founded in 2014, Metaco is described as a company that has developed specialist cryptographic solutions that be… Read More

TransUnion Agrees to Acquire Consumer Credit Bureau Callcredit For £1 Billion

TransUnion (NYSE: TRU) announced on Friday it has agreed to acquire UK-based consumer credit bureau Callcredit. The credit bureau giant reported it acquired Callcredit for the price of £1 billion. While sharing more details about the acquisition, Jim Peck, TransUnion’s President and CEO, stated: “TransUnion and Callcredit have… Read More

Coinbase Acquires Digital Currency Platform Earn.com

Earn.com, a platform that gives users cryptocurrencies for doing tasks such as replying to emails, announced on Monday it is being acquired by digital wallet and crypto exchange, Coinbase. As part of the acquisition, Earn’s Co-Founder and CEO, Balaji Srinivasan, will join Coinbase and assume the role… Read More

Global Fintech Broadridge Announces Acquisition of ActivePath

On Tuesday, global fintech firm Broadridge Financial Solutions announced it has completed the acquisition of Israel-based digital technology company, ActivePath. According to Broadridge, ActivePath’s technology enhances the consumer experience associated with consumer statements, bills, and regulatory communications.  ActivePath notably extends Broadridge’s ability to transform and… Read More

Grab Acquires Uber’s Southeast Asia Operations Following Launch of Financial Services

Less than two weeks after announcing the launch of its new financial services, ride-hailing company Grab announced on Monday it has acquired Uber’s Southeast Asia operations. This deal is the largest-ever of its kind in Southeast Asia. Grab reported it will integrate Uber’s ridesharing and food delivery business in… Read More

IT Service Provider Zensar Announces Acquisition of Insurtech Cynosure

IT service provider Zensar announced on Wednesday it has entered into a definitive agreement to acquire U.S.-based insurtech Cynosure, which focuses on providing Guidewire platform implementation services to Property and Casualty (P&C) insurance carriers. The company reported: “This acquisition is a critical component of Zensar’s… Read More

Nordic Capital to Acquire European Online Payment Provider Trustly

European online payments provider Trustly announced this week it will be acquired by Nordic Capital Fund IX (Nordic Capital). According to Trustly, Nordic Capital will support the payment platform in its mission to become the leading global online banking payments provider. Trustly also reported that its… Read More

Credit Data Giant Experian to Purchase UK Fintech Startup ClearScore For £275 Million

On Thursday, UK fintech startup ClearScore announced it was acquired by credit data firm Experian. According to various reports, the company was purchased for £275 million. Founded in 2015, ClearScore describes itself as one of the leading fintech businesses in the UK. It aims to change… Read More

UK Challenger Bank Tandem Acquires Management App Pariti

Just two months after the finalization of its purchase of Harrods Bank, UK challenger bank Tandem has acquired money management app Pariti.  Founded in 2014, Pariti is described as a free mobile app that connects to users’ different banking accounts and credit cards to provide… Read More

GoFundMe Announces “CrowdRise by GoFundMe” Social Fundraising Solution for Nonprofits

Just one year after announcing its CrowdRise acquisition, crowdfunding platform GoFundMe announced CrowdRise by GoFundMe, which is described as a new product that builds on the strengths of these two platforms to offer the best overall fundraising solution for nonprofits. According to GoFundMe,  CrowdRise by… Read More

Cryptocurrency Exchange Poloniex Joins Circle as Goldman Backed Firm Moves to “Accelerate the Emerging Token Economy” with Acquisition

Circle has acquired global cryptocurrency exchange Poloniex to “accelerate the emerging token economy,” according to reports from both companies. At least one estimate pegged the acquisition price at $400 million. Circle is a company with a mission to to make sending money like sending anything else… Read More