Tagged: acquisition

February 6, 2022 @ 7:24 pm By Omar Faridi  |  

PAI, a company focused on ATM portfolio management tools and services, announced that it has acquired Texas-based TouchPoint 21, a firm specializing in ATM and cash management outsourcing for financial institutions. As mentioned in the update, the acquisition brings a proven managed service model to… Read More

February 6, 2022 @ 11:48 am By Omar Faridi  |  

Amount, a banking tech provider offering account opening, loan origination and BNPL financing solutions, recently confirmed the acquisition of Linear Financial Technologies, the SMB loan and account origination platform. Linear’s solution set is “complementary to Amount’s retail banking and BNPL solutions for consumer loans,” according… Read More

February 4, 2022 @ 7:17 am By Omar Faridi  |  

Block, Inc. (NYSE: SQ) and Afterpay Limited have confirmed the successful completion of the Scheme of Arrangement under which Block has reportedly acquired all of the issued shares in Afterpay. This deal aims to allow Block to more effectively offer the best financial products and… Read More

February 1, 2022 @ 4:23 pm By Omar Faridi  |  

Paysafe (NYSE:PSFE), a specialized payments platform, recently announced the completion of its SafetyPay acquisition. SafetyPay is a payments platform operating mainly in Latin America that enables digital commerce transfers through an extensive choice of Open Banking and eCash solutions. For Paysafe, this transaction solidifies its… Read More

February 1, 2022 @ 10:08 am By Omar Faridi  |  

Sourced Capital, a UK property investment platform and wholly-owned subsidiary of the Sourced Group, has announced that it received direct authorization from the Financial Conduct Authority (FCA) and “acquired Peer Funding Limited, a peer-to-peer business platform.” Sourced Capital says that it proved its solid track… Read More

February 1, 2022 @ 9:06 am By Omar Faridi  |  

Alan Lane, CEO at Silvergate Capital (NYSE:SI), has noted that the bank holding company aims to introduce a stablecoin by the end of 2022.  The plan has been revealed after the firm’s recent acquisitions of assets and intellectual property (IP) from Meta’s (Facebook) (NASDAQ:FB) crypto project… Read More

January 29, 2022 @ 6:01 pm By Omar Faridi  |  

A group of industry professionals from the consumer credit, debt advice, collections, insolvency, and Fintech ecosystems have come together to introduce a so-called “debt-tech” company Trustfolio Ltd, which has reportedly acquired TIPTrust and Asperitas Technologies. Trustfolio’s goal is to support improved debt solutions and advice… Read More

January 28, 2022 @ 6:47 pm By Omar Faridi  |  

Paystone has announced the acquisition of Canadian Payment Services (CPS), which is reportedly one of the fastest-growing providers of Canadian merchant services. As mentioned in the update, this acquisition is the sixth addition to Paystone’s portfolio of acquisitions, having acquired five other companies in the… Read More

January 28, 2022 @ 8:34 am By Omar Faridi  |  

SAP SE (NYSE: SAP) has announced its plan to acquire a majority stake of Taulia, a provider of working capital management solutions. As mentioned in the update, the move is aimed at giving firms improved access to liquidity and enhancing their cash flows. The acquisition… Read More

January 27, 2022 @ 6:58 pm By Omar Faridi  |  

Zafin, the SaaS Cloud-native product and pricing platform for banking institutions and credit unions, announced that it has acquired FINCAD, a global firm focused on pricing and risk analytics of financial derivatives and fixed income products. By acquiring FINCAD, Zafin expands its product portfolio and… Read More

January 24, 2022 @ 10:30 pm By Omar Faridi  |  

Aryza Holdings Limited has announced that it’s accelerating its European roll-out via the acquisition of Collenda, a DACH and Benelux credit management software provider. Collenda offers an end-to-end integrated credit lifecycle platform for banks, corporates, and debt collection agencies. It covers the complete credit value… Read More

January 24, 2022 @ 10:22 am By Omar Faridi  |  

NFT Investments, an incubator focused on the market for non-fungible tokens (NFTs), is pleased to confirm that it has entered into a non-binding letter of intent (LOI) for the acquisition of Pluto Digital PLC, a crypto tech and venture firm (for a “consideration” of £96… Read More

January 21, 2022 @ 12:27 am By Omar Faridi  |  

Digital asset firm Gemini noted on January 19, 2022, that they’re acquiring Omniex, a trading tech platform that offers order, execution, and portfolio management system solutions for institutional cryptocurrency trading. As mentioned in a blog post, the acquisition enables Gemini to “publicly launch Gemini Prime,… Read More

January 13, 2022 @ 7:23 pm By Omar Faridi  |  

NinjaTrader Group, LLC, a provider of trading software and brokerage services to active traders, reveals that it has acquired Tradovate Holdings, LLC, an online futures brokerage company and trading tech provider, for $115 million. Established in 2003, NinjaTrader is a retail futures broker supporting more… Read More

January 13, 2022 @ 11:52 am By Omar Faridi  |  

etting out on a multi-stage acquisition of US-headquartered Athena Systems, United Fintech remains focused on its expansion efforts in order to become the banking sector’s ‘one-stop-shop’ for capital markets products, “broadening the scope to target an asset management industry in urgent need of technological innovation.”… Read More

January 13, 2022 @ 11:11 am By Omar Faridi  |  

SEI (NASDAQ: SEIC) has announced the acquisition of Finomial, an investor lifecycle management company providing Cloud-native financial technology. As mentioned in a release, the technology is expected to be “added to SEI’s existing investor-focused platforms to further enhance automation and digitization capabilities, as well as… Read More

January 13, 2022 @ 10:19 am By Omar Faridi  |  

Tandem Bank has reportedly acquired consumer lending platform Oplo. The strategic acquisition has formed a combined business with £1.2 billion of total assets, £1 billion of funding and 171,000 clients being serviced by a UK-headquartered team of 500 professionals. Tandem was established back in 2014… Read More

December 27, 2021 @ 3:51 am By Omar Faridi  |  

European open banking platform Tink has finalized the acquisition of German open banking infrastructure provider, FinTecSystems, following regulatory clearance. FinTecSystems will now become part of Tink, according to a release. After the acquisition, the combination of Tink’s pan-European open banking platform and FinTecSystems’ product suite… Read More

December 26, 2021 @ 3:49 pm By Omar Faridi  |  

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced an investment in a newly incorporated firm established by the combination of Equiniti and American Stock Transfer & Trust Company, recently acquired by affiliates of Siris Capital Group, LLC (together with its affiliates, “Siris”). The announcement noted that… Read More

December 23, 2021 @ 11:04 pm By Omar Faridi  |  

FNZ, an international wealth management platform, has finalized the sale of financial technology provider GBST to Anchorage Capital Partners, a private equity fund with considerable financial services and systems experience. Anchorage Capital Partners’ investment is primarily focused on GBST’s Wealth Management unit and is dedicated… Read More