Tagged: acquisition

June 26, 2022 @ 3:15 pm By Omar Faridi  |  

Glia, the provider of Digital Customer Service, has acquired Finn AI, the AI-powered chatbot platform for banks and credit unions. The deal aims to mainstream virtual assistants for financial services companies “by making Finn AI’s proven conversational AI solutions an integral part of Glia’s …… Read More

June 24, 2022 @ 11:43 am By Omar Faridi  |  

eBay Inc. (Nasdaq: EBAY), a global commerce platform that connects millions of sellers and buyers around the world, and KnownOrigin, one of the most “innovative” non-fungible token (NFT) marketplaces, today announced that eBay “has acquired KnownOrigin.” KnownOrigin’s technology and platform “provides artists a place to… Read More

June 24, 2022 @ 8:19 am By Omar Faridi  |  

Frankfurt-based Raisin Bank AG is expanding its business to include payments. To this end, the Banking-as-a-Service (BaaS) provider is “acquiring the payment services division of Bankhaus August Lenz & Co. AG.” With the acquisition, Raisin Bank will “expand its product range by payment services and… Read More

June 23, 2022 @ 8:55 pm By Omar Faridi  |  

iCapital, the Fintech platform driving access and efficiency in alternative investing for the asset and wealth management sectors, and SIMON Markets, the Fintech company offering a digital platform designed to help financial advisors understand and manage structured investments, annuities, and other risk-managed products, have announced… Read More

June 22, 2022 @ 7:59 am By Omar Faridi  |  

SEB reveals that it’s entering into a strategic cooperation with tech firm Leneo, acquiring a part ownership stake through SEB Venture Capital. The company has “developed a platform that helps companies to switch to new business models, where instead of selling products they sell a… Read More

June 21, 2022 @ 11:29 pm By Omar Faridi  |  

West Realm Shires Inc. (FTX US) recently announced the acquisition of Embed Financial Technologies Inc., including its wholly-owned subsidiary Embed Clearing LLC, a FINRA, DTC, NSCC, Nasdaq, and IEX member clearing firm. Embed specializes in “providing whitelabel brokerage services and APIs to broker-dealers and registered… Read More

June 19, 2022 @ 3:16 pm By Omar Faridi  |  

Momentum in Alberta’s Fintech sector continues to build as crypto exchange company FTX revealed plans to establish its first Canadian location in Calgary after the acquisition of Calgary-based Bitvo — a trading platform “offering Canadians a secure and easy way to buy, sell and trade… Read More

June 16, 2022 @ 7:07 pm By Omar Faridi  |  

Fintech lender Uncapped announced the acquisition of Sugar, a specialist flexible finance provider for gaming and digital apps. Sugar will “continue to trade under the new brand Sugar powered by Uncapped.” The acquisition gives Uncapped “a foothold in the gaming and apps market.” Sugar also… Read More

June 16, 2022 @ 7:59 am By Omar Faridi  |  

Rewire, a digital wallet designed for economic migrants, has made its very first acquisition, picking up Imagen, a pre-paid card service provider intended for migrants in Israel. Financial terms were not shared publicly. Imagen operates over 30,000 active pre-paid MasterCards that are connected to the… Read More

June 15, 2022 @ 12:40 am By Omar Faridi  |  

Amber Group, a global digital asset platform, announced its acquisition of Celera Markets Limited, a “fully” licensed financial group by the Securities and Futures Commission (SFC) of Hong Kong. The acquisition represents “a significant milestone for Amber Group, as it continues to strengthen its product… Read More

June 13, 2022 @ 2:45 am By Omar Faridi  |  

FLEETCOR Technologies, Inc. (NYSE: FLT), a global business payments company, recently announced it has signed a definitive agreement “to acquire the Global Reach Group, a UK-based cross-border payments provider.” With the acquisition, FLEETCOR increases its cross-border payments scale and strengthens its position “as one of… Read More

June 11, 2022 @ 2:03 pm By Omar Faridi  |  

Circle has announced that they have signed agreements to acquire CYBAVO, which is a “breakthrough” crypto tech firm. Established in 2018, CYBAVO claims that it is a pioneer in core crypto security, custody, operations, and blockchain infrastructure platform services, “providing services to leading firms across… Read More

June 10, 2022 @ 9:53 pm By Omar Faridi  |  

Razer Fintech, the financial technology arm of Razer, the global lifestyle brand for gamers, recently announced the acquisition of PT E2Pay Global Utama, which claims to be one of the leading B2B2C digital payment facilitators and e-money players in Indonesia. Razer Fintech is an O2O… Read More

June 10, 2022 @ 11:14 am By Omar Faridi  |  

“Renowned” by credit unions for its digital communications capabilities, Eltropy recently  announced the acquisition of video banking service provider POPi/o. The acquisition strengthens Eltropy’s digital communications platform, and represents one of the fastest Fintech expansions in the industry, the company claims. Eltropy now empowers more… Read More

June 6, 2022 @ 8:53 am By Omar Faridi  |  

In its “first” major corporate milestone following its acquisition by MONEYME Ltd (ASX:MME), digital finance platform SocietyOne has launched transaction and savings accounts “powered by Westpac’s Banking-as-a-Service (BaaS).” SocietyOne is Westpac’s second partner “to launch products through its BaaS platform with two new additions to… Read More

June 2, 2022 @ 7:47 pm By Omar Faridi  |  

ZoodPay, the digital lending platform for e-commerce in the Middle East and Central Asia, has entered Pakistan by fully “acquiring Karachi headquartered Tez Financial Services (Tez).” Backed by investors including Planet N, Flourish Ventures and Accion, Tez reportedly became “the first Fintech in Pakistan to… Read More

June 2, 2022 @ 6:46 am By Omar Faridi  |  

Nexi S.p.A. reveals that it has committed to a long-term strategic partnership with BPER Banca S.p.A. and Banco di Sardegna S.p.A. by transferring BPER and Banco di Sardegna’s merchant acquiring and POS management businesses to Nexi Payments S.p.A. As noted in the update, Nexi intends… Read More

June 2, 2022 @ 1:10 am By Omar Faridi  |  

Trustly, the international payments platform for digital Account-to-Account transactions (A2A), has announced the acquisition of the UK-headquartered Open Banking Payments platform Ecospend. Ecospend’s UK A2A product and full bank connectivity will complement and “enable Trustly to deliver a … product in the UK, and further… Read More

May 24, 2022 @ 9:07 pm By Omar Faridi  |  

MatchMove, the international embedded finance company, has reportedly acquired digital commerce specialist Shopmatic in a $200 million deal, “creating an end-to-end embedded finance and e-commerce powerhouse.” MatchMove’s platform “provides customisable, fast, secure and regulated embedded financial services, such as banking-in-an-app, powered by APIs, to help… Read More

May 20, 2022 @ 5:46 pm By JD Alois  |  

TABS, a “diligence as a service” provider, is being acquired by PreIPO. The deal has priced the purchase at $20.8 million in both cash and stock. The founding team of TABS is expected to join PreIPO’s management team and board of directors. According to a… Read More