Tagged: acquisition

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

September 8, 2020 @ 11:32 am By Samantha Hurst  |  

Ohpen, an Amsterdam-based fintech, announced on Tuesday it has acquired cross-border loan and mortgage Software-as-a-Service (SaaS) provider, Davinci. Ohpen reported that the acquisition will allow it to address the $300 billion global bank IT spending market as it targets international expansion. “This acquisition is a testament… Read More

September 2, 2020 @ 8:57 am By Omar Faridi  |  

A new shell firm established by an experienced banking executive is expected to go public this coming week. The project’s founders plan to acquire a Fintech company in order to expand operations. The company’s management confirmed that the special purpose acquisition company (SPAC) will list… Read More

September 1, 2020 @ 11:29 pm By Omar Faridi  |  

Fintech firm Niyogin, which is listed on the BSE (previously called Bombay Stock Exchange and located at Datal Street, Mumbai), has acquired a majority 51% stake in iServeU for INR 592 million (appr. $8 million) in a cash and stock deal. Niyogin aims to develop… Read More

August 28, 2020 @ 1:47 pm By Samantha Hurst  |  

NerdWallet, a U.S.-based website and app that provides financial guidance to more than 160 million consumers every year, announced on Thursday it is set to acquire UK-based website, Know Your Money. NerdWallet claims that through the acquisition, it and Know Your Money will provide “the… Read More

August 26, 2020 @ 3:16 pm By Samantha Hurst  |  

  Blockfolio, a U.S.-based network for mobile cryptocurrency portfolio tracking and management, announced on Wednesday it has been acquired by cryptocurrency derivatives exchange, FTX. Founded in 2014, Blockfolio claims that millions of users trust its platform to stay connected to the “pulse” of the cryptocurrency… Read More

August 26, 2020 @ 7:35 am By Omar Faridi  |  

Brooklyn, New York based ConsenSys, a blockchain software company focused on Ethereum (ETH) development, has acquired JPMorgan’s (NYSE: JPM) Quorum, which aims to serve as an enterprise-variant or version of the Ethereum protocol. As mentioned in a release shared with CI, even before the first… Read More

August 25, 2020 @ 3:36 pm By Samantha Hurst  |  

Xero (ASX: XRO), a global small business platform, announced on Monday it has acquired cloud-based invoice lending platform, Waddle. According to Xero, Waddle helps connect small businesses to invoice finance, a form of secured lending that relies on a business’s unpaid invoices. Founded in 2014,… Read More

August 25, 2020 @ 2:14 pm By Samantha Hurst  |  

Global cross-border payments company WorldRemit announced on Tuesday it has agreed to acquire Sendwave, an app-based remittance company. According to WorldRemit, Sendwave has built a leading and rapidly growing digital remittance service to East and West Africa, and this summer added Bangladesh, which is its… Read More

August 19, 2020 @ 10:36 pm By Omar Faridi  |  

Fintech firm FXPress Payment Services revealed on August 18, 2020, that it will be acquiring Avila House Ltd, which is subject to regulatory approval. Avila House is a licensed Small Electronic Money Institution. FXPress Payment Services Ltd is authorized and regulated by the UK’s Financial… Read More

August 18, 2020 @ 8:49 am By JD Alois  |  

Kabbage, one of the best known online lenders in the US, has signed an agreement to be acquired by American Express (NYSE:AXP). Rumblings of a potential deal between the two parties have been circulating for some time now. In a public statement, American Express said… Read More

August 10, 2020 @ 1:20 pm By Samantha Hurst  |  

RateSetter, a leading UK based peer to peer lender, has rebranded its Australian P2P lending platform to Plenti. Head of Marketing at Plenti, Sebastian Paulin, shared more details about the rebranding, by stating: “As Plenti, we want to help our customers make the most of… Read More

August 9, 2020 @ 2:52 pm By Omar Faridi  |  

One Inc, a provider of digital payment platforms for the insurance sector, recently revealed that it has acquired Invenger Technologies, Inc., which includes its online claims payment product, Invenger-InsurPay. Karen Furtado, partner at Strategy Meets Action, said that the acquisition of Invenger, including the digital… Read More

August 8, 2020 @ 6:36 pm By Omar Faridi  |  

Intercontinental Exchange (NYSE:ICE), the owner of the world’s largest stock exchange, the New York Stock Exchange (NYSE), with a market cap of around $23 trillion, has reportedly agreed to purchase Ellie Mae from Thoma Bravo. The deal values Ellie Mae, a mortgage finance software developer,… Read More