Tagged: acquisition

July 1, 2023 @ 6:06 pm By Omar Faridi  |  

Socure, the provider of digital identity verification solutions, has acquired Berbix, a San Francisco-based startup that developed a high-accuracy document verification solution with a patent-pending forensics engine “able to detect spoofed IDs – including AI-generated fakes – that are visually indistinguishable to the human eye.”… Read More

June 30, 2023 @ 12:33 pm By Omar Faridi  |  

Visa (NYSE: V) recently announced it has signed a definitive agreement to acquire Pismo for $1 billion in cash. Together, they will be positioned “to provide core banking and issuer processing capabilities across debit, prepaid, credit and commercial cards for clients via cloud native APIs.”… Read More

June 28, 2023 @ 5:53 pm By Omar Faridi  |  

AI technology is rapidly evolving and its applications even faster. Ramp says they are dedicated “to pushing the frontiers of AI to help businesses save time and money,” using GPT to deliver price intelligence, expense management, and more. As stated by the company’s management, they… Read More

June 25, 2023 @ 7:58 pm By Omar Faridi  |  

Banking-as-a-Service Fintech Bankable has reportedly acquired Arex Markets, giving the combined business entity the capability to effectively embed credit and working capital into the payment channels of major neobanks, multinational/global brands as well as Fintech platforms. Financial terms of the transactions have not been shared… Read More

June 23, 2023 @ 9:22 am By Omar Faridi  |  

Robinhood Markets, Inc. (NASDAQ:HOOD) has entered into an agreement to acquire San Francisco-based X1 Inc., a platform that “offers a no-fee credit card with rewards on each purchase.” According to Robinhood, this marks “an important step in their journey towards broadening their product offerings and… Read More

June 20, 2023 @ 11:15 am By Omar Faridi  |  

Compass, the Mediobanca Group consumer credit arm, has signed an agreement to acquire 100% of HeidiPay Switzerland AG from HeidiPay AG. HeidiPay Switzerland AG is described as “a fast-growing Swiss company specializing in the Buy Now Pay Later (BNPL) segment, with over 400 commercial agreements… Read More

June 16, 2023 @ 11:22 am By Omar Faridi  |  

Backbase, the global firm focused on Engagement Banking software, announced its acquisition of Nucoro, the UK-based digital wealth platform for an undisclosed amount. The acquisition will allow Backbase “to incorporate Nucoro’s headless platform capabilities directly into the Backbase Engagement Banking platform, enabling its customers to… Read More

June 15, 2023 @ 3:22 pm By Omar Faridi  |  

Nasdaq, Inc. (Nasdaq: NDAQ), a technology company serving the global financial system, today announced it has entered into a definitive agreement to acquire Adenza, a provider of mission-critical risk management and regulatory software to the financial services industry, from Thoma Bravo, a software investment firm,… Read More

June 13, 2023 @ 8:53 am By Omar Faridi  |  

XMDS Holding, a European software company active in the field of fintech and faretech, has acquired KUARIO, the Dutch based self-service payment provider to complement its portfolio of mobile payments solutions, playing into the increasing use of self-service kiosks. Since its establishment in 1998, XMDS… Read More

June 12, 2023 @ 11:23 pm By Omar Faridi  |  

BlackRock Inc. (NYSE: BLK) and Kreos Capital announced a definitive agreement under which BlackRock will acquire full control of Kreos, a provider of growth and venture debt financing to companies in the technology and healthcare industries. The acquisition of Kreos adds to BlackRock’s position as… Read More

June 12, 2023 @ 9:29 pm By Omar Faridi  |  

Medius, a provider of accounts payable (AP) automation, announced its intent to acquire expense management software company Expensya for an undisclosed sum. Founded in Tunisia in 2014 by former Microsoft software engineers Karim Jouini and Jihed Othmani, Expensya’s web, mobile and smart payment-card solutions “automate… Read More

June 12, 2023 @ 6:57 pm By Omar Faridi  |  

AMNIS Treasury Services AG (amnis), a Fintech company founded in 2014 with the objective of simplifying international banking for SMEs, has recently acquired the SME portfolio of FX-Consulting AG. With this strategic move, the two Zurich-based companies aim “to enhance their support for Swiss SMEs… Read More

June 12, 2023 @ 8:47 am By Omar Faridi  |  

B2B payment solutions provider Hokodo has announced the acquisition of a Lithuanian payments business, making it the first and, currently, only B2B Buy Now, Pay Later provider with a payments license. This acquisition is “part of Hokodo’s journey to make better payment options available to… Read More

June 9, 2023 @ 3:23 pm By Omar Faridi  |  

Snyk, which claims tobe the leader in developer security, announced it agreed to acquire Enso Security, “pioneers” of the industry’s first Application Security Posture Management (ASPM) solution. The acquisition is “subject to customary closing conditions and is expected to close in Q2 2023.” Together, with… Read More

June 8, 2023 @ 4:04 pm By Omar Faridi  |  

To transform multi-country payroll with the HCM industry’s most adaptable, intelligent experience for multinational businesses, UKG Inc., a provider of HR, payroll, and workforce management solutions for all people, has reached an agreement to acquire Immedis, a global payroll provider with technology and services supporting… Read More

June 7, 2023 @ 10:42 pm By Omar Faridi  |  

NatWest Group has completed its acquisition of a majority shareholding in workplace savings and pensions fintech, Cushon. In February 2023, NatWest Group agreed “to acquire 85% of Cushon for £144m, with 15% retained by Cushon management.” This acquisition was subsequently “approved by the FCA in… Read More

June 6, 2023 @ 8:52 pm By Omar Faridi  |  

RIBBIT, Inc., the “authority” on alternative bank and payment data, today announces its acquisition of ValidiFI, a provider of fraud, compliance, and risk mitigation solutions. The acquisition will aim to “create the industry’s leading banking and payment data solutions platform, improving the company’s product offering… Read More

June 4, 2023 @ 6:28 am By Omar Faridi  |  

Aliaswire, Inc., a provider of innovative payment and financial technology services, announced that Onboard Partners, LLC has acquired its Payvus small business credit card issuing and capital management business. The acquisition of the Payvus business, technology and intellectual property “will expand Onboard’s already successful financial… Read More

June 3, 2023 @ 9:53 pm By Omar Faridi  |  

Chainalysis is announcing that their firm has acquired Transpose, a blockchain data and infrastructure company that makes building applications using web3 data fast and simple. Transpose customers are able “to build snappy user experiences, power wallet applications, analyze financial activity, fulfill tax and compliance requirements,… Read More

June 3, 2023 @ 11:02 am By Omar Faridi  |  

Regnology, a software provider with a focus on regulatory reporting solutions, announces today it expects to sign a definitive agreement to acquire Invoke, a French-based provider of financial, regulatory, and tax reporting solutions for supervisory authorities, and reporting entities. On completion of the agreement, the… Read More