Tagged: acquisition

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

October 25, 2020 @ 11:06 pm By Samantha Hurst  |  

BitTorrent, Inc., a peer-to-peer protocols and products firm, recently announced it is set to acquire live streaming platform DLive.tv and migrate all BitTorrent related services to one unified ecosystem named BitTorrent X. According to BitTorrent, BitTorrent X “represents” the transformation of the BitTorrent platform. “BitTorrent… Read More

October 19, 2020 @ 9:11 am By Samantha Hurst  |  

  CapitalBox, an online pan-European SME funding platform, has reportedly acquired the Netherlands division of fintech company Spotcap Global, Spotcap NL. According to Business-Money, the acquisition marks a significant milestone in CapitalBox’s “ambitions” o become a leading SME fintech lender in Europe. Founded in 2015,… Read More

October 16, 2020 @ 11:53 am By Omar Faridi  |  

Payments platform Stripe has acquired Nigeria-based Paystack, which is a startup that aims to make it easier to integrate various payment services. The acquisition may be valued at over $200 million, according to TechCrunch which cited sources familiar with the matter. Patrick Collison, CEO at… Read More

October 13, 2020 @ 9:16 am By Samantha Hurst  |  

    Enova (NYSE:ENVA) announced on Tuesday it has officially completed the acquisition of online lender OnDeck (NYSE:ONDK). Enova revealed in July 2020 it had purchased OnDeck for $1.38 a share, including $0.12 in cash. As previously reported, Enova is a provider of online financial… Read More

October 9, 2020 @ 10:49 am By Samantha Hurst  |  

  Morgan Stanley (NYSE: MS) announced on Thursday it is set to acquire Eaton Vance, an advanced investment strategies and wealth management solutions provider with more than $500 billion in assets under management (AUM), for an equity value of approximately $7 billion. Morgan Stanley reported… Read More

October 7, 2020 @ 3:38 pm By Samantha Hurst  |  

Alkami Technology, Inc. (Alkami), a cloud-based digital banking solutions provider for banks and credit unions, announced on Tuesday it has acquired fraud prevention provider, ACH Alert. Alkami reported that the acquisition extends its omnichannel platform to include enhanced fraud prevention and secure money movement functionality…. Read More

October 6, 2020 @ 2:35 pm By Samantha Hurst  |  

P27 Nordic Payments Platform announced on Tuesday it has acquired Bankkgirot, a Sweden-Based clearing house for mass payments. According to P27, Bankgirot has a “central role” in the Swedish payment system and handles transactions of a total value of approximately SEK 73 billion per day…. Read More

October 5, 2020 @ 9:26 pm By Omar Faridi  |  

NEC Corporation (TSE: 6701) revealed on October 5, 2020, that it has acquired the Avaloq Group AG, a major Swiss financial software firm. The Avaloq acquisition has been made so that NEC can use its digital finance software and industry knowledge as it makes plans… Read More

October 5, 2020 @ 1:31 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 officially acquired global integrity and compliance risk firm, The Red Flag Group. Refinitive reported that the acquisition is to help… Read More

September 30, 2020 @ 2:07 pm By Samantha Hurst  |  

iCapital Network, a fintech providing access to alternative investments, announced on Wednesday as part of the recent closing of its acquisition of Artivest, it had divested its right to acquire a private client team to AlphaCore Wealth Advisory. iCapital reported it also took ownership of factorE, a… Read More

September 29, 2020 @ 1:40 pm By Samantha Hurst  |  

  Jumio, a U.S.-based AI-powered end-to-end identity verification and eKYC solutions provider, announced on Tuesday it has acquired the AML platform from Beam Solutions, a San Francisco-based startup focused on transaction monitoring and KYC. Jumio reported it will integrate Beam’s suite of AML solutions into… Read More

September 11, 2020 @ 2:56 pm By Samantha Hurst  |  

Nubank, a Brazil-based fintech startup, announced on Friday it has acquired Easynvest, a self-direct digital broker. According to Nubank, Easynvest has 1.5 million clients and is claimed to be the largest broker to give customers the autonomy to make their investments. While sharing details about… Read More