Tagged: acquisition

December 16, 2019 @ 8:09 am By Omar Faridi  |  

As more startup initiatives acquire banking licenses, including tech firms, an established 12-year-old Fintech company has reportedly decided not to get into banking. Instead of becoming a bank, San Francisco-based Credit Karma has decided to support a team of five professionals who’re working on a… Read More

December 15, 2019 @ 10:27 pm By Samantha Hurst  |  

Accenture (NYSE: ACN) announced on Friday it has agreed to acquire Clarity Insights, a U.S.-based data consultancy with deep data science, artificial intelligence (AI) and machine learning (ML) expertise. Accenture claims that Clarity Insights is a leading provider of data science and AI/ML engineering capabilities for large… Read More

December 11, 2019 @ 8:01 am By Omar Faridi  |  

Payoneer, an established online payments platform that helps organizations and individuals across the globe to grow their business, revealed on December 10 that it has decided to acquire optile, a Germany-headquartered technology firm that enhances payment acceptance processes for consumers globally. Established in 2010, optile’s… Read More

December 10, 2019 @ 12:37 pm By Samantha Hurst  |  

KingsCrowd, a ratings and analytics provider for the online private markets sector, as well as the “Morningstar of equity crowdfunding,” announced on Tuesday it has purchased Newchip’s aggregator app and platform technology. As previously reported, KingsCrowd wants to provide the first viable research and analytics… Read More

December 2, 2019 @ 3:32 pm By Samantha Hurst  |  

Aon plc (NYSE: AON), a global professional services firm providing a broad range of risk, retirement and health solutions, recently announced it has entered into a definitive agreement to acquire CoverWallet, a digital insurance platform for small and medium-sized businesses. According to Aon, the acquisition… Read More

November 20, 2019 @ 9:53 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial announced on Wednesday it has acquired ClearStructure Financial Technology, which is a global provider of portfolio management solutions for the private debt markets. According to Broadridge, the acquisition is helping to expand its asset management technology suite. “Broadridge’s SaaS technology powers… Read More

November 17, 2019 @ 2:42 pm By Omar Faridi  |  

Switzerland-based Avaloq, a company that offers a standardized Business Process as a Service (BPaaS) or Software as a Service (SaaS) model to financial institutions and wealth management platforms, revealed recently that it has finalized its acquisition of Derivative Partners, which was first announced in July… Read More

November 3, 2019 @ 7:14 pm By Samantha Hurst  |  

Payment process platform Square announced on Friday it has completed the sale of food delivery service, Caviar, to DoorDash. Square reported that Caviar was sold to DoorDash on October 31st for $410 million in a mix of cash and DoorDash stock. “Caviar will be included in… Read More

October 11, 2019 @ 4:50 pm By Samantha Hurst  |  

Accenture (NYSE: ACN) announced on Friday it is set to acquire Sutter Mills, a French firm that specializes in developing and executing data-driven marketing strategies for clients. According to Accenture, the acquisition would strengthen Accenture Interactive’s ability to help brands, in France and throughout Europe, to… Read More

October 10, 2019 @ 9:30 am By Samantha Hurst  |  

C2FO, a fintech firm and market for working capital based in the U.S., announced on Wednesday it is acquiring India-based payment platform, Priority Vendor. C2FO reported that through the acquisition, Indian suppliers will receive a continuous flow of capital at costs lower than traditional financing… Read More

October 7, 2019 @ 4:48 pm By Samantha Hurst  |  

Accenture (NYSE: ACN) announced last week it is set to acquire product development and engineering company, Nytec. Accenture reported that Nytec will become part of Accenture Industry X.0, which notably offers capabilities that drive the digital reinvention of industry. This also includes creating new types of… Read More

October 3, 2019 @ 11:55 pm By Samantha Hurst  |  

Blockchain software firm BitGo announced on Thursday it has launched BitGo Staking, which allows clients whose assets are with qualified custodian BitGo Trust to now generate passive income while their assets remain in secure, insured cold storage. According to BitGo, BitGo Staking launches with Dash and… Read More

October 2, 2019 @ 7:46 am By Samantha Hurst  |  

Voyager Digital Ltd. (CSE: VYGR) (OTC Pink: VYGVF) (FRA: UCD2) announced on Wednesday it has completed its acquisition of cryptocurrency services provider Ethos. Voyager reported that the acquisition was completed for a purchase price of 7,250,000 shares of VYGR. Shingo Lavine, Founder and CEO of… Read More

October 1, 2019 @ 8:50 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial announced on Tuesday it has acquired Shadow Financial Systems, Inc., a provider of multi-asset class post-trade solutions for the capital markets industry. Broadridge reported that through the acquisition it is able to add cryptocurrency and exchange traded derivatives (ETDs) on its… Read More

September 30, 2019 @ 8:55 am By Omar Faridi  |  

San Francisco-based Fintech firm Ripple has acquired digital asset trading company Algrim. The acquisition has helped Ripple add six engineers, according to a September 30 blog post published on the company’s official website. The new team of engineers is expected to play a key role… Read More

September 28, 2019 @ 4:54 pm By Omar Faridi  |  

Madrid-based Minsait, a company that focuses on digital transformation while providing business management consulting services, acquired 100% of Spanish Fintech firm Afterbanks. Afterbanks’ proprietary technology is used to retrieve and aggregate data from different financial institutions, in order to process payments quickly and efficiently. Minsait’s… Read More

September 28, 2019 @ 3:48 pm By Omar Faridi  |  

IOVLabs, the parent company behind RSK’s open-source Bitcoin smart contract network, announced on September 27 its acquisition of Taringa, a Spanish-language social media network. IOVLabs has reportedly set aside $5 million in assets for developing products for Taringa, according to a release. The company’s management… Read More

September 28, 2019 @ 1:53 pm By Omar Faridi  |  

San Francisco-based Fintech firm Ripple is reportedly planning to develop decentralized finance (DeFi) products based on XRP, the world’s third-largest digital currency by market capitalization. Ripple has acquired the Logos Network, a decentralized payments platform. The American Fintech’s investment arm, Xpring, is planning to hire… Read More

September 27, 2019 @ 2:08 pm By Samantha Hurst  |  

Canada-based fintech and global digital investing service, Wealthsimple announced this week it has acquired SimpleTax, a Canadian web-based tax preparation service. According to Wealthsimple, both companies aim to further their joint mission of making financial tools simple and accessible to everyone. “The acquisition marks Wealthsimple’s… Read More

September 25, 2019 @ 7:58 am By Samantha Hurst  |  

Temenos AG (SIX: TEMN), the Switzerland based banking software provider, announced on Wednesday it has completed the acquisition of U.S.-based digital banking SaaS company, Kony. The acquisition news was originally announced last month, with Temenos agreeing to purchase Kony for an enterprise value of $559 million… Read More