Tagged: acquisition

January 21, 2021 @ 9:12 am By Samantha Hurst  |  

iCapital Network, a fintech providing access to alternative investments, announced on Thursday it is set to acquire the assets of AI Insight, Inc., an alternative investment education and compliance platform. According to iCapital Network, the AI Insight platform offers financial advisors investment research, training, qualification,… Read More

January 20, 2021 @ 8:45 am By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase has revealed that it will be acquiring leading blockchain infrastructure platform, Bison Trails. Coinbase stated in a blog post published on January 20, 2020 that the planned acquisition will allow Bison Trails to “accelerate its mission” to offer intuitive and… Read More

January 16, 2021 @ 8:11 pm By Omar Faridi  |  

Digital brokerage solution provider DriveWealth, which notably secured $56.7 million through a Series C funding round in October 2020, is now planning to introduce its API-enabled brokerage technology platform for retail clients. The platform will be launched on the floor of the NYSE, following a… Read More

January 14, 2021 @ 4:10 pm By Samantha Hurst  |  

  Toronto-Dominion Bank (TD Bank) announced on Thursday it has signed a definitive agreement to acquire Wells Fargo’s Canadian Direct Equipment Finance business. TD reported that the acquisition of Wells Fargo’s Canadian Direct Equipment Finance business is expected to add scale and capabilities to its… Read More

January 10, 2021 @ 4:30 pm By Omar Faridi  |  

US-based wealth management tech platform Addepar notes that for many years, wealth managers have had important questions that have been “surprisingly difficult to answer.” For instance, they want to know what exactly they own in their portfolios and where they own these assets. Wealth managers… Read More

January 7, 2021 @ 3:24 pm By Samantha Hurst  |  

PAYMNT Financial, a U.S.-based blockchain fintech startup, announced on Thursday it has acquisition LettucePay, which is a payment technology firm that specializes in cryptocurrency payments. PAYMNT reported that the acquisition makes it possible for its platform to integrate cryptocurrencies as a form of payment at… Read More

January 6, 2021 @ 10:41 am By Samantha Hurst  |  

French banking group Orange Bank announced on Wednesday it is set to acquire neobank Anytime. Orange Bank claims that the acquisition enables it to address the professional and small business market, as well as support the banking group’s footprint and is fully aligned with the… Read More

January 5, 2021 @ 11:22 pm By Omar Faridi  |  

UK-based Cashplus, a banking and credit services provider for SMBs and consumers, has entered a definitive agreement to acquire the current account portfolio of icount. The amount paid for the acquisition has not been shared publicly. The deal, which may be finalized in early 2021,… Read More

January 4, 2021 @ 11:21 am By Samantha Hurst  |  

  AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Monday it has acquired Core Associates, the makers of TimberScan and complementary AP solutions. AvidXchange claims that through the acquisition, it is now one of the foremost… Read More

January 3, 2021 @ 10:55 pm By Samantha Hurst  |  

Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, recently announced it will acquire Vigor Crypto Holdings, a cryptocurrency firm, as a wholly owned subsidiary under Xalles Capital Inc. Xalles notably claims that Vigor Crypto has been enhancing its cryptocurrency… Read More

January 3, 2021 @ 6:45 pm By Omar Faridi  |  

San Francisco-based SoFi, a financial services firm that helps people “get their money right—save, spend, borrow, and invest in one app,” has noted that 2020 was a year to remember. Industries were forced to adapt to changing consumer behavior, capital markets fluctuated wildly, and people… Read More

December 28, 2020 @ 9:01 pm By Omar Faridi  |  

Collaboration is the “new competition” in the financial technology industry, according to Melody Brue, a Senior Fintech Analyst at Moor Insights & Strategy. Brue, a startup veteran and advisor, notes that almost every industry or sector had to “pivot” in many different ways in order… Read More

December 24, 2020 @ 2:50 pm By Samantha Hurst  |  

Avaloq, an international fintech providing services and digital solutions to banks and wealth managers, announced earlier this week the closing of NEC’s acquisition of Avaloq. As previously reported, the acquisition was announced in October and NEC purchased Avaloq for around 2.05 billion Swiss francs. Founded… Read More

December 24, 2020 @ 10:03 am By Samantha Hurst  |  

PayPal’s rumored talks about acquiring BitGo, a digital asset financial services provider, has reportedly fallen through. According to Fortune, rumors began to circulate about PayPal being in talks to acquire BitGo and now the deal will officially not be happening and the cryptocurrency firm is… Read More

December 23, 2020 @ 1:33 pm By Samantha Hurst  |  

Datasite, a U.S.-based SaaS technology provider for mergers and acquisitions (M&A) professionals, announced on Wednesday it has completed its agreement to be acquired by funds managed by CapVest Partners LLP, an international private equity firm. Datasite reported that the transaction, which was first announced on… Read More

December 22, 2020 @ 8:05 am By Samantha Hurst  |  

    U.S.-based tech giant IBM Corp. (NYSE: IBM) announced on Tuesday it has acquired Nordcloud, a European cloud implementation, application transformation, and managed services provider. The acquisition comes just days after IBM announced it acquired Expertus Technologies Inc., a Canadian Fintech company that assists… Read More

December 21, 2020 @ 9:36 am By Samantha Hurst  |  

  UK banking group NatWest announced on Monday it has entered into an agreement with Metro Bank to acquire a £3 billion portfolio of prime UK mortgages. According to NatWest, the portfolio consists of owner-occupied residential mortgages with a weighted average current loan to value of… Read More

December 17, 2020 @ 10:33 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ:FISV), a global provider of financial services technology solutions, has entered an agreement to acquire Ondot Systems, Inc., a digital experience platform for financial institutions. The transaction is expected to expand Fiserv digital capabilities, enhancing its integrated solutions so that clients can offer… Read More

December 17, 2020 @ 9:28 am By Samantha Hurst  |  

RateSetter, a leading UK based peer to peer lender, announced on Wednesday it has sold its £120m portfolio of property development loans to Shawbrook Bank. According to RateSetter, the acquisition follows the announcement in August that the lending platform was focusing on consumer finance. The… Read More

December 16, 2020 @ 10:45 pm By Omar Faridi  |  

New York-based tech giant IBM Corp. (NYSE:IBM) has acquired Expertus Technologies Inc., a Canadian Fintech company that assists clients with processing over $50 billion in transactions per day. IBM bought the company so that it could enhance its electronic-payments capabilities. Expertus has now been added… Read More