Tagged: acquisition

June 17, 2020 @ 12:06 pm By Samantha Hurst  |  

Buckle, a U.S.-based financial services group, announced on Wednesday it has Gateway Insurance Company (Gateway), including its 47 state insurance licenses. According to Buckle, Gateway was formerly an indirect subsidiary of Atlas Financial Holdings, Inc. (Atlas), which provides auto insurance to the light commercial automobiles market… Read More

June 16, 2020 @ 1:58 pm By Samantha Hurst  |  

  Credit Sesame, a personalized credit service and financial wellness company, announced on Tuesday it has completed its acquisition of Canadian challenger bank STACK. According to Credit Sesame, the acquisition marks the beginning of the company’s international expansion. Credit Sesame and STACK began a partnership in… Read More

June 16, 2020 @ 7:38 am By Samantha Hurst  |  

Payments platform Square announced on Monday it has acquired Spain-based P2P payments app, Verse. Founded in 2015, Verse describes itself as a mobile app that allows users to share payments easily, instantly, and with no hidden fees. “Not only can you pay and receive money… Read More

June 11, 2020 @ 9:02 pm By Omar Faridi  |  

XP Investimentos XP Inc. (Nasdaq: XP), a company offering fixed income, equities, and private pension products, says it’s reevaluating its business plans, following the introduction of new Open Banking guidelines in Brazil. XP will reportedly be acquiring a majority stake in Fintech firm Fliper, an… Read More

June 3, 2020 @ 3:27 pm By Samantha Hurst  |  

Insurtech startup Hippo Insurance announced on Wednesday it is set to acquire Spinnaker Insurance Company, a national property and casualty insurer. Hippo reported it has partnered with Spinnaker as its largest carrier platform since 2017, with Spinnaker-backed Hippo products currently available to consumers in nearly… Read More

June 2, 2020 @ 3:54 pm By Samantha Hurst  |  

Western Union (NYSE: WU) is reportedly seeking to acquire digital money transfer service MoneyGram (NASDAQ: MGI). The acquisition rumors come just a little over a month after Western Union announced the continued expansion of its Global Network for real-time money-movement and payments. MoneyGram describes itself… Read More

May 27, 2020 @ 9:25 am By Samantha Hurst  |  

Cryptocurrency platform Coinbase announced on Wednesday it is set to acquire Tagomi, a U.S.-based institutional crypto brokerage platform. Coinbase revealed that the acquisition will cap off a period of strong institutional focus for its platform. “We’re at an inflection point in the industry, with some of… Read More

May 27, 2020 @ 8:20 am By Samantha Hurst  |  

Genesis, a digital currency trading and lending platform, recently announced it has acquired Vo1t, an insured digital institutional custody service. Genesis reported that the acquisition will supplement its current services, which include global over-the-counter trading and institutional lending. The acquisition will also enable Genesis to… Read More

May 26, 2020 @ 8:23 am By Samantha Hurst  |  

ConsenSys recently announced it has acquired U.S.-based blockchain technology company Fluidity. According to ConsenSys,  Fluidity is the primary developer of AirSwap and has produced several industry firsts in real-estate tokenization, tokenized securities trading, systems to pledge real collateral to decentralized credit platforms, and has hosted the Fluidity Summit. ConsenSys explained as part… Read More

May 14, 2020 @ 7:49 am By Omar Faridi  |  

  UK-based Anna, a mobile business current account and financial administrative assistant services provider for SMEs and gig economy workers, is reportedly looking to expand its operations into Europe. Anna’s management has sold a majority stake in the company to ABHH, an established multinational banking… Read More

May 13, 2020 @ 11:18 am By Samantha Hurst  |  

iCapital Network, a fintech providing access to alternative investments, announced on Wednesday it is acquiring Artivest, a tech company that focuses on accessing and investing in alternatives. iCapital reported through the acquisition, it will purchase the majority of Artivest’s assets, including all technology and its… Read More

May 8, 2020 @ 4:48 pm By Omar Faridi  |  

The CoinShares Group, a financial service provider focused on the crypto asset sector, revealed on May 7, 2020, that it has taken the final step in the acquisition of GABI Trading. GABI Trading will be rebranded and launched with a new set of trading tools… Read More

May 6, 2020 @ 10:58 am By Samantha Hurst  |  

Franklin Resources, Inc. (NYSE:BEN), a global investment management organization operating as Franklin Templeton, announced on Wednesday it has acquired AdvisorEngine, a U.S.-based digital wealth platform. According to Franklin Resources, AdvisorEngine is a provider of technology and consulting services to more than 1,200 financial advisory firms… Read More

May 6, 2020 @ 1:06 am By Omar Faridi  |  

London-based IHS Markit, a global information provider established in 2016 with the merger of IHS Inc. and Markit Ltd., has acquired Catena Technologies, a Singapore-based regulatory trade reporting company. Financial terms of the acquisition have not been shared publicly. Founded in 2002, Catena served as… Read More

May 4, 2020 @ 8:25 pm By Omar Faridi  |  

Fintech firm GoBear, which offers a financial products comparison website, confirmed on May 4, 2020, that it has acquired AsiaKredit, a Singapore-based digital lender. The amount paid for the acquisition has not been shared publicly. GoBear’s acquisition has come after the Fintech company secured $80… Read More

May 2, 2020 @ 4:04 pm By Omar Faridi  |  

Tencent Holdings Ltd., a Chinese multinational conglomerate holding company whose subsidiaries offer various Internet-related products and services, has acquired a 5% stake, valued at about A$390 million (appr. $250.38 million), in Melbourne-based “buy-now-pay-later” firm, Afterpay. Tencent’s management confirmed that they built up their stake during… Read More

April 20, 2020 @ 12:39 pm By Samantha Hurst  |  

Rapyd, a global B2B Fintech as a Service provider, announced on Monday it is set to acquire Korta, an Iceland-based payment card service provider. Rapyd reported the acquisition provides Rapyd with online acquiring and point-of-sale (POS) capabilities as the company grows its worldwide footprint.  While… Read More

April 15, 2020 @ 4:31 pm By Samantha Hurst  |  

HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) recently announced it acquired 30 Megawatts (MW) Cryptocurrency, which is located in Canada, for C$4 million. 30 MW was purchased from Cryptologic. HIVE reportedly issued 15,000,000 common shares to Cryptologic, which are notably subject to a four-month lock-up agreement,… Read More

April 15, 2020 @ 10:23 am By Samantha Hurst  |  

ShapeShift AG, an instant exchange for Bitcoin digital currency and other blockchain assets, announced this week it has acquired Israel-based non-custodial software wallet, Portis. ShapeShift reported it integrated with Portis’ wallet SDK into the new ShapeShift platform this past November. ShapeShift revealed that prior to… Read More

April 11, 2020 @ 4:07 pm By Omar Faridi  |  

US-based Fintech firm Blackhawk Network, a global branded payments solution provider, has acquired all SVM divisions, which include SVM Cards, SVM Payments and SVM Global. Established in 1997, SVM is a multinational provider of various gift card packages for businesses. The firm’s clients reportedly include… Read More