Tagged: acquisition

August 9, 2023 @ 4:34 pm By Omar Faridi  |  

Equifax (NYSE: EFX) has completed the acquisition of Boa Vista Serviços, which claims to be the second largest credit bureau in Brazil. This strategic and financially attractive acquisition “grows Equifax‘s presence in Brazil and offers Boa Vista Serviços customers access to expansive Equifax international capabilities… Read More

August 8, 2023 @ 11:59 am By Omar Faridi  |  

albo, a neobank in Mexico, has announced its acquisition of delt.ai for $20 million. With this strategic acquisition, albo has “strengthened its position in Mexico’s financial services sector, becoming the only neobank to offer debit and credit products for both consumers and SMBs.” This is… Read More

August 7, 2023 @ 11:27 pm By Omar Faridi  |  

Global market infrastructure provider Deutsche Börse Group will acquire the remaining shares in FundsDLT. The Luxembourg-based company claims it is “a leading decentralized platform based on distributed ledger technology (DLT) for end-to-end fund distribution and processing.” The acquisition is expected “to be completed in the… Read More

August 4, 2023 @ 6:00 am By Omar Faridi  |  

Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, announced the asset acquisition of Israel-based Spott, a real-time data platform that uses AI to accurately surface, assess, and quantify data for more… Read More

August 3, 2023 @ 7:45 am By Omar Faridi  |  

Stavvy, the Fintech company reshaping digital and remote collaboration for lending and real estate, announced its strategic acquisition of Brace, a servicing technology company addressing the long-standing inefficiencies and lack of transparency stemming from outdated technologies in mortgage servicing. Through this strategic acquisition, the collective… Read More

August 2, 2023 @ 5:18 pm By Omar Faridi  |  

Rapyd, the global Fintech-as-a-Service provider, announced the acquisition of PayU Global Payment Organization (GPO; not including PayU’s India, Turkey, and Southeast Asia operations) of Netherlands-based Prosus, a global consumer internet group and one of the largest technology investors in the world. PayU GPO, a provider… Read More

July 31, 2023 @ 11:52 am By Omar Faridi  |  

The Board of Vanquis Banking Group plc, a specialist bank, is pleased to announce the acquisition of the money-saving fintech Snoop Limited. Snoop provides its customers with personalized insights “to help them better understand and manage their finances.” The Snoop app uses AI and open… Read More

July 29, 2023 @ 10:15 am By Omar Faridi  |  

Vestwell, the savings platform for small businesses and individuals, announced it has entered into an agreement to acquire Gradifi Solutions, a student loan benefits provider. The acquisition adds several new products “to the Vestwell platform, including programs to help employees manage and pay down student… Read More

July 28, 2023 @ 1:54 pm By Omar Faridi  |  

Trintech, a global provider of cloud-based financial close solutions for the Office of the CFO, today announced its acquisition of Frontier Reconciliation and Accurate Reconciliation from Fiserv (NYSE: FI), a global provider of fintech and payments solutions. Serving customers across multiple verticals including financial services,… Read More

July 26, 2023 @ 7:53 am By Omar Faridi  |  

Thales (Euronext Paris: HO) announces that it has reached an agreement with Thoma Bravo, a major software investment firm, for the acquisition of 100% of Imperva, a US-based data and application cybersecurity company, for an enterprise value of $3.6 billion1. With this acquisition, Thales is… Read More

July 20, 2023 @ 11:02 pm By Omar Faridi  |  

Nordea has entered into an agreement with Danske Bank to acquire its Norwegian personal customer and private banking business and associated asset management portfolios. The acquisition is an ideal strategic fit “for Nordea and will strengthen Nordea’s market position in Norway among household customers.” The… Read More

July 20, 2023 @ 6:20 am By Omar Faridi  |  

UKG, a provider of HR, payroll, and workforce management solutions for all people, has completed the acquisition of Immedis, a global payroll provider with technology and services supporting more than 160 countries and 120 currencies. With the acquisition closing, UKG announced “the immediate launch of… Read More

July 19, 2023 @ 12:08 pm By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, announces its acquisition of Evolve Pensions, a provider in workplace pension services through its master trust the Crystal Trust. The acquisition will aim to “improve experience and provide efficiencies for the… Read More

July 18, 2023 @ 10:33 pm By Omar Faridi  |  

Euroclear, the global provider of financial market infrastructure, recently announced the completion of its acquisition of Goji. Euroclear announced its intent to acquire Goji on 12 December 2022. Financial terms of the transaction were “not disclosed.” The acquisition of Goji aligns “with Euroclear’s strategy of… Read More

July 15, 2023 @ 3:18 pm By Omar Faridi  |  

Clear Street, a New York-based independent prime broker, announced that it intends to enter the futures clearing market with the acquisition of React Consulting Services, LLC and its proprietary, cloud-native futures clearing platform, BASIS. BASIS will be integrated “into Clear Street’s existing cloud-native clearing, settlement,… Read More

July 13, 2023 @ 9:40 pm By Omar Faridi  |  

Cornerstone Advisors, a management and technology consultancy for banks, credit unions and fintech firms, today announced the acquisition of BankSmart, a consulting firm specializing in bank operations, vendor selection, project management solutions and payments. Scott Sommer, chief executive officer at Cornerstone Advisors, said: “Since its… Read More

July 11, 2023 @ 12:55 am By Omar Faridi  |  

Inversis, a Banca March 100%-owned subsidiary specializing in providing global solutions for institutional clients in the financial asset distribution business, has reached an agreement with BME, a SIX company, for the complete acquisition of Openfinance. This firm reportedly “offers technological tools for the provision of… Read More

July 9, 2023 @ 12:58 pm By Omar Faridi  |  

FIS (NYSE: FIS), which claims to be a global leader in financial services technology, announced an acceleration of its previously announced separation plan in order “to create two highly focused global companies with greater strategic flexibility.” FIS has signed a definitive agreement “to sell a… Read More

July 7, 2023 @ 9:54 am By Omar Faridi  |  

Merchant Lynx Services, a “top fifty” merchant acquirer, is pleased to announce their acquisition of National Credit Card Processing Group (NCCP) as “part of the company’s strategic expansion.” NCCP Group provides payment acceptance services and technology solutions “to the B2B sector.” Their core verticals “are… Read More

July 6, 2023 @ 10:13 pm By Omar Faridi  |  

Bluesphere Ventures, a pioneering venture studio specializing in incubating environmental fintech ventures, announced its definitive agreement to acquire Climate Carbon, Canada’s leading broker of carbon and renewable energy credits. This acquisition is expected “to reshape the industry and accelerate the global adoption of sustainable practices.”… Read More