Tagged: acquisition

September 6, 2024 @ 8:35 am By Omar Faridi  |  

Quilter, a FTSE-250 wealth manager,  has agreed to acquire Fintech NuWealth. Quilter states that this acquisition will help it pursue its objective to enhance digital capabilities “to better support customers and advisers.” With this acquisition, Quilter aims to “evolve NuWealth to work with advisers to… Read More

September 4, 2024 @ 8:16 pm By Omar Faridi  |  

Fime, a global firm focused on consulting, testing, and certification services, is pleased to announce the acquisition of Consult Hyperion, a consultancy firm with expertise across payments, smart mobility and digital identity. The acquisition augments and cements Fime’s ability “to deliver comprehensive consulting and advisory… Read More

September 4, 2024 @ 8:07 pm By Omar Faridi  |  

Tabby, the MENA’s shopping and financial services app, has announced it has entered into a definitive agreement to acquire Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA), during 24 Fintech, Saudi’s flagship fintech event. Tweeq will continue to operate independently, and… Read More

September 3, 2024 @ 1:55 pm By Omar Faridi  |  

Bank payment company GoCardless has completed the acquisition of Sentenial Ltd, operating under the Nuapay brand, from EML Payments Limited (ASX: EML). The deal, which was announced in March, will “significantly scale GoCardless’ indirect channel proposition and fast-track the rollout of new capabilities that will… Read More

August 30, 2024 @ 6:06 pm By Omar Faridi  |  

Givex Corp. announced that it has entered into a definitive arrangement agreement with Shift4 Payments, Inc. pursuant to which Shift4 has agreed to acquire all of the issued and outstanding shares of Givex, by way of a statutory plan of arrangement. Under the terms of… Read More

August 30, 2024 @ 8:25 am By Omar Faridi  |  

UK’s business bank Allica has acquired bridging lender Tuscan Capital, representing Allica’s first foray into the bridging finance market. The Tuscan team, based across the UK, will eventually “integrate fully into the Allica team, benefitting from access to Allica’s funding base and distribution network.” Allica,… Read More

August 25, 2024 @ 6:12 pm By Michael Wong  |  

MoneySmart Group, a personal finance company in Southeast Asia, has rejected MoneyHero Group’s unsolicited, non-binding offer to acquire 100% of its shares. The offer, which MoneySmart’s board deemed neither serious nor credible, was dismissed unanimously due to its misalignment with the company’s strategic objectives and the… Read More

August 24, 2024 @ 7:40 am By Omar Faridi  |  

U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB), has acquired Salucro Healthcare Solutions LLC. The Tempe, Arizona-based company provides healthcare financial technology, focused on patient payments and billing. Founded in 2004, Salucro is a market participant focused on providing online billing and payments offerings… Read More

August 20, 2024 @ 6:27 am By Omar Faridi  |  

Bitwise Asset Management announced the acquisition of ETC Group, a London-based crypto ETP issuer with over $1 billion in assets under management. The news marks Bitwise’s expansion into Europe and “adds nine European-listed crypto ETPs to Bitwise’s broad suite of ETPs, hedge fund solutions, and separately… Read More

August 13, 2024 @ 5:33 am By Omar Faridi  |  

Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced that TT’s acquisition of START, a broker-neutral trade optimization platform, from Abel Noser Holdings, a majority-owned portfolio company of Estancia Capital Partners, is now complete. This represents the second and final… Read More

August 10, 2024 @ 10:55 am By Omar Faridi  |  

Remote working Fintech Deel announced recently that it will be acquiring Hofy. Deel claims that they are now “bringing the best IT services and device lifecycle management in-house.” According to a blog post by Deel, over the past few years, “running a global HR function… Read More

August 6, 2024 @ 2:42 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian Fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda., a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone is expected “to enhance Nuvei’s capabilities… Read More

August 4, 2024 @ 6:03 am By JD Alois  |  

Pagaya Technologies (NASDAQ: PGY) says it has inked a deal to acquire Theorem Technology. Pagaya is a credit qualification platform that uses alternative methods and artificial intelligence to provide its service. Its methodologies are said to convert around 30% more customers than traditional methods. Theorem… Read More

July 31, 2024 @ 9:21 am By Omar Faridi  |  

ThetaRay, an AI-powered financial crime detection firm, has announced the acquisition of European screening company, Screena. The acquisition is being described as demonstrating ThetaRay’s continuous investment “in proprietary technology and reaffirms its mission of enabling banks, fintechs, and regulators to detect financial crime with state-of-the-art… Read More

July 28, 2024 @ 5:18 pm By Omar Faridi  |  

UniCredit S.p.A. has announced that it has entered into a binding agreement for the acquisition of the entire share capital of Vodeno Sp. z o.o. and Aion Bank NV/SA. The companies combine an innovative, scalable, and flexible cloud-based platform with banking services based “on Aion’s… Read More

July 21, 2024 @ 8:04 pm By Omar Faridi  |  

Clear Street, a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, has entered into a definitive agreement to acquire Instinet’s Fox River algorithmic trading business. Fox River provides a comprehensive “suite of algorithmic execution solutions in US and Canadian equities.” These… Read More

July 14, 2024 @ 8:45 pm By Omar Faridi  |  

Envestnet, Inc. (NYSE: ENV), a provider of integrated technology, intelligent data and wealth solutions, announced that it has entered into a definitive agreement to be acquired by Bain Capital in a transaction valuing the company at $4.5 billion ($63.15 per share). Reverence Capital also agreed… Read More

July 12, 2024 @ 5:22 pm By Omar Faridi  |  

insightsoftware, the provider of solutions for the Office of the CFO, announced it acquired LeaseAccelerator, a provider of automated solutions for lease accounting, real estate lease administration, competitive lease sourcing, and lease lifecycle management. The acquisition extends insightsoftware’s market reach in the U.S. and “enhances… Read More

July 5, 2024 @ 3:41 pm By Omar Faridi  |  

Consensys announced the acquisition of Wallet Guard, a user-centric browser extension, security dashboard, and security engine that protects users’ wallets, digital assets and data from theft, scams, and fraud. Through this acquisition, Consensys intends to “integrate Wallet Guard’s capabilities to further bolster MetaMask, the world’s… Read More

July 2, 2024 @ 8:42 pm By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent, adviser platform groups has announced the completion of the acquisition of Third Financial, following regulatory approval from the Financial Conduct Authority (FCA) in May this year. Third Financial is an investment platform and front-to-back wealth management software… Read More