Tagged: acquisition

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

December 15, 2020 @ 8:52 pm By Omar Faridi  |  

The Fintech sector has been growing rapidly across the globe, especially following the COVID-19 outbreak which has accelerated the shift towards digital financial services. Although the Coronavirus crisis has negatively impacted certain business sectors in Europe like travel and the hospitality industry, the European Fintech… Read More

December 14, 2020 @ 11:26 am By Samantha Hurst  |  

Massachusetts Mutual Life Insurance Company (MassMutual) announced on Monday it has entered into a definitive agreement with Stone Ridge Asset Management, an asset manager, to acquire Flourish, a fintech platform for RIAs. According to the duo, Flourish provides digitally enabled products and services to RIAs… Read More

December 14, 2020 @ 8:32 am By Samantha Hurst  |  

  Canadian fintech Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) announced on Monday it received conditional approval from the Toronto Stock Exchange for the issuance and listing of up to an additional 10 million common shares in connection with the previously announced acquisition of Carta Solutions Holding Corporation…. Read More

December 13, 2020 @ 10:36 pm By Omar Faridi  |  

Etops AG, a banking service and software firm, has reportedly acquired a 100% stake in Evolute AG, which provides wealth management solutions. After the integration process has been completed, the merged firm (called Etops) will be managed by Etops CEO Pius Stucki. Pius Stucki, CEO… Read More

December 11, 2020 @ 2:14 pm By Omar Faridi  |  

Credit Karma aims to offer free credit score tracking and its business was worth billions of dollars to Intuit (NASDAQ:INTU), an American business and financial software firm that provides financial, accounting, and tax preparation software for small businesses. Intuit recently finalized its acquisition of Credit… Read More