Tagged: acquisition

December 3, 2020 @ 10:32 pm By Omar Faridi  |  

JPMorgan (NYSE:JPM), the largest US bank, is reportedly planning to acquire Fintech firm 55ip in order to assist financial advisors with setting up tax-efficient investment portfolios. JPMorgan Chase’s management noted that the bank’s asset management unit has decided to buy Fintech company 55ip so that… Read More

December 3, 2020 @ 3:57 pm By Samantha Hurst  |  

U.S. fintech Affirm announced on Thursday it has acquired PayBright, a Canada-based buy-now-pay-later provider, for CAD $340 million. The acquisition comes just a couple of months after Affirm raised $500 million through its Series G investment round, which was led by GIC and Durable Capital… Read More

December 2, 2020 @ 11:58 am By Samantha Hurst  |  

    Nuvei, a global payment technology provider based in Canada, announced on Wednesday it has acquired Base Commerce, LLC, a provider of integrated payment solutions. According to Nuvei, Base was founded in 2008 and serves clients in a wide range of industries such as… Read More

November 22, 2020 @ 10:44 pm By Samantha Hurst  |  

  Visa (NYSE:V) announced on Friday it has completed the acquisition of YellowPepper, a payments tech company that supports financial institutions and startups in Latin America and the Caribbean. Visa reported that the acquisition is considered the first of its kind for financial giant in… Read More

November 22, 2020 @ 1:38 pm By Omar Faridi  |  

Western Union (NYSE: WU) has reportedly acquired a 15% stake in Saudi Arabia’s Telecom’s digital payment division. Western Union, which is notably the largest money transfer company in the world, has confirmed that it has purchased a $200 million (or 15%) stake in the online… Read More

November 20, 2020 @ 7:14 am By Omar Faridi  |  

UK-based Fintech SumUp, a global payments service provider, has reportedly acquired POS software provider Goodtill for an undisclosed amount. According to a release shared with CI, the acquisition will be a key part of SumUp’s long-term focus on the growth and development of its restaurant… Read More

November 19, 2020 @ 10:35 pm By Samantha Hurst  |  

Mastercard (NYSE: MA) announced on Thursday it has officially completed its acquisition of Finicity, a real-time financial data and insights access provider. Mastercard previously revealed it was in talks to acquire Finicity for $825 million, with existing Finicity shareholders having the potential for an earn-out… Read More

November 17, 2020 @ 11:51 am By Samantha Hurst  |  

Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Tuesday it has reached a definitive agreement to acquire Carta Solutions Holding Corporation, also known as Carta Worldwide. According to Mogo, Carta is a next-gen digital payments solution and through the acquisition, Mogo will be expanding into… Read More

November 17, 2020 @ 10:00 am By Omar Faridi  |  

New York-based ConsenSys, a company that supports Ethereum (ETH) development and various other blockchain-focused initiatives, has reportedly acquired the team and technology of Truffle. As mentioned in a release shared with Crowdfund Insider, Truffle Suite is one of the most widely used blockchain or distributed… Read More

November 16, 2020 @ 3:26 pm By JD Alois  |  

Republic, a leading investment platform and crowdfunding marketplace has acquired the assets of NextSeed small business investment platform for an undisclosed amount. NextSeed co-founder and CEO Youngro Lee will become Chief Operating Officer of Republic while remaining CEO of NextSeed Securities for the foreseeable future…. Read More

November 16, 2020 @ 8:23 am By Samantha Hurst  |  

BBVA announced on Monday it has agreed to sell to PNC its subsidiary in the U.S. for approximately $11.6 billion (€9.7 billion) in cash. According to BBVA, the selling amount represents 19.7 times the unit’s 2019 earnings, which is almost 50% of BBVA’s current market capitalization. BBVA… Read More

November 9, 2020 @ 3:14 pm By Samantha Hurst  |  

Equity crowdfunding platform Crowdcube announced on Friday one of its and Seedrs’ successes, Mindful Chef, has been acquired by multinational food and drink giant, Nestle.  The company was founded by school friends Robert Grieg-Gran, Giles Humphries and Myles Hopper. It describes itself as a young… Read More

November 5, 2020 @ 11:06 am By Samantha Hurst  |  

PayPoint, a UK-based store payment system for consumers and retail service, announced on Thursday it has agreed to acquire Handepay Limited and Merchant Rentals Limited, leading card payments and card terminal leasing businesses, from a consortium of private investors. PayPoint reported it is expected to… Read More

November 4, 2020 @ 10:20 am By Samantha Hurst  |  

    Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Wednesday it has officially completed its acquisition of Eurobits, which is a provider of account aggregation services working with various banks and fintechs. The acquisition was originally announced in… Read More

November 2, 2020 @ 3:06 pm By Samantha Hurst  |  

  Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, announced on Monday it has signed a definitive agreement to acquire Giact Systems, LLC (GIACT). Refinitiv reported that the acquisition will boost its existing… Read More

November 1, 2020 @ 5:37 pm By Omar Faridi  |  

NerdWallet, a U.S.-based website and app that offers financial guidance to over 160 million consumers each year, has reportedly acquired Fundera, which serves as the “go-to” financial resource for the 28 million SMBs based in the United States. The acquisition will allow NerdWallet to expand… Read More

October 30, 2020 @ 9:28 am By Omar Faridi  |  

Alliance Data (NYSE: ADS), an established payments, marketing, and loyalty company, has reportedly agreed to a $450 million stock and cash acquisition of Bread, a popular Buy Now, Pay Later (BNPL) firm. According to a release, the transaction is valued at around $450 million, of… Read More

October 29, 2020 @ 6:46 pm By Omar Faridi  |  

Visa (NYSE:V) is reportedly planning to acquire YellowPepper, a payments tech company, in order to extend its global operations into the Caribbean and other jurisdictions. Established in 2014 and fully operational in nine different Latin American (LatAm) nations, the Miami-headquartered firm serves around 50 clients… Read More

October 27, 2020 @ 11:33 am By JD Alois  |  

Openfinance has been acquired by INX Limited, a company that is seeking to build a digital asset issuance and trading platform that is in the midst of a registered token offering. INX filed a form F-1 registration statement with SEC in 2019 which was subsequently… Read More

October 27, 2020 @ 10:26 am By Samantha Hurst  |  

Lendesk, a Canada-based mortgage fintech, announced on Tuesday it has acquired mortgage origination platform Finmo Financial Technologies. According to Lendesk, Finmo helps mortgage professionals offer their clients a truly digital experience. “Finmo’s proprietary Smart Docs algorithms allow brokers to automatically request necessary documents from their… Read More