Tagged: acquisition

May 10, 2021 @ 7:57 am By Samantha Hurst  |  

  Nuvei, a global payment technology provider based in Canada, recently announced it has acquired Simplex, an EU-licensed financial institution that provides the fiat infrastructure for the cryptocurrency industry, for approximately $250 million. Nuvei reported that the acquisition will provide it with an electronic money… Read More

May 7, 2021 @ 9:54 pm By Omar Faridi  |  

Bill.com, an established provider of Cloud-enabled software that aims to simplify, digitize, and automate routine back-office financial operations for SMEs, has reportedly entered into a definitive agreement to acquire expensive management Fintech Divvy. The acquisition deal will involve a stock and cash transaction of around… Read More

May 5, 2021 @ 8:04 am By Samantha Hurst  |  

      Mogo Inc. (NASDAQ: MOGO) (TSX: MOGO) a Canada-based digital payments and financial technology company, announced on Wednesday it has completed its acquisition of Moka Financial Technologies Inc. (Moka). As previously reported, Moka (originally Mylo) is on a mission to help its users achieve their… Read More

May 3, 2021 @ 11:00 am By Samantha Hurst  |  

    TD Bank announced on Monday it has completed the acquisition of Wells Fargo’s Canadian Direct Equipment Finance business. TD Bank reported that the acquisition adds scale and capabilities to its existing Canadian Equipment Financing business and expands the bank’s presence in core markets. While… Read More

April 27, 2021 @ 3:59 pm By Samantha Hurst  |  

  U.S.-based fintech Stripe announced on Tuesday it has entered into an agreement to acquire TaxJar, a provider of sales tax software for internet businesses. According to Stripe, the acquisition will help internet businesses with tax compliance. As the latest addition to Stripe’s revenue platform,… Read More

April 22, 2021 @ 3:33 pm By Samantha Hurst  |  

    U.S. fintech Affirm announced on Wednesday it has acquired Returnly, online return experiences, and post-purchase payments platform, for approximately $300 million. According to Affirm, Returnly serves more than 1,800 merchants, has helped process more than $1 billion in returns, and has been used by over… Read More

April 21, 2021 @ 10:10 am By Samantha Hurst  |  

    Credijusto, an SME lending platform that is based in Mexico, announced on Wednesday the acquisition of Visor, a data analytics and digital factoring platform. According to Credijusto, Visor has analyzed over 15,000 companies in Latin America. Additionally, the company’s services have been used by… Read More

April 20, 2021 @ 11:37 pm By Omar Faridi  |  

UK-based digital banking challenger Starling‘s CEO Anne Boden has revealed that the Fintech Unicorn is now well-positioned to acquire another lender. Boden also noted that there’s not a significant requirement for technology visas since the UK has the required talent. Starling, which has strategic funding… Read More

April 20, 2021 @ 10:27 am By Samantha Hurst  |  

U.S.-based fintech FirstClose announced on Tuesday it has acquired HomeScout, a real estate technology provider. According to FirstClose, HomeScout will bring together various services to the mortgage and title industries, including purchase and portfolio business solutions, lead generation, lead qualification, agent match, monitoring, and a… Read More

April 19, 2021 @ 4:10 pm By Samantha Hurst  |  

    Mastercard announced on Monday it has acquired digital identity platform Ekata for $850 million. According to Mastercard, Ekata works with global merchants, financial institutions, travel companies, marketplaces, and digital currency platforms. It notably uses insights to deliver unique scores, data attributes and risk… Read More

April 19, 2021 @ 10:49 am By Samantha Hurst  |  

    U.S. insurtech Zywave recently announced it has acquired Enquiron, a provider of risk management and consultative business solutions. Zywave reported that with the combination of its existing portfolio of solutions, the acquisition reinforces its “leadership” position in these markets. Founded in 1996, Enquiron… Read More

April 19, 2021 @ 10:00 am By Samantha Hurst  |  

BitGo, a digital asset financial services provider, recently announced it has acquired Lumina, a financial platform for managing digital assets. BitGo reported that with the acquisition, it introduced its next-generation wallet platform: BitGo Portfolio: Clients can now bring data from any exchange or wallet into a single dashboard… Read More

April 15, 2021 @ 1:18 pm By Samantha Hurst  |  

  Marble Financial Inc. (CSE: MRBL; OTC: MRBLF; FSE:2V0), an AI-driven financial technology company that educates and helps Canadians better understand and manage their current cash flow and credit towards a better financial future, announced earlier this week it has closed the acquisition of Inverite Verification Inc.,… Read More

April 14, 2021 @ 10:47 pm By Omar Faridi  |  

Payments solution provider Fave has reportedly been acquired by Pine Labs, an Asian commerce platform. The acquistion deal is deal valued at more than RM 185 million (appr. $45 million). With this strategic acquisition, Indian consumers may now use the Fave app at some point… Read More

April 12, 2021 @ 11:21 am By Samantha Hurst  |  

  U.S.-based B2B fintech Tipalti announced on Monday it has acquired Approve.com, a cloud procurement solutions provider. The acquisition will reportedly expand Tipalti’s portfolio of financial operations offerings. According to Tipalti, Approve.com provides a cloud-based procurement solution that enables businesses to rapidly deploy a proper… Read More

April 8, 2021 @ 10:47 pm By Omar Faridi  |  

Finder, a Fintech firm established in Australia back in 2006, has reportedy acquired the GoBear brand as it focuses on its international expansion plans. Now live in many different countries and serving over 10 million consumers globally each month, Finder is one of the world’s… Read More

April 8, 2021 @ 2:21 pm By Samantha Hurst  |  

Envestnet, Inc. (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, announced on Thursday it has acquired Harvest Savings & Wealth Technologies. According to Envestnet, Harvest Savings & Wealth Technologies provides automated goals-based saving tools and wealth solutions to banks, credit… Read More

April 7, 2021 @ 12:05 pm By Samantha Hurst  |  

U.S. fintech Avant announced on Wednesday it has completed the acquisition of Zero Financial and neobank Level. Avant reported the acquisition of Level will allow it to expand its reach by offering digital banking experiences to its American customers. According to Avant, Level offers cashback… Read More

April 2, 2021 @ 1:10 pm By Samantha Hurst  |  

Bank of America announced on Friday it has acquired Axia Technologies, Inc. (AxiaMed), a healthcare payment and technology company that is focused on facilitating secure patient payments. The banking giant reported that the acquisition will deepen and expand its payment offerings for healthcare clients, as… Read More

April 1, 2021 @ 8:26 pm By Omar Faridi  |  

Atome Financial, the parent firm of Buy Now, Pay Later (BNPL) company Atome, has reportedly finalized its acquisition of financing service provider PT Mega Finadana Finance in Indonesia. The terms of the deal have not been shared publicly. The acquisition should help Atome Financial with… Read More