Tagged: acquisition

July 10, 2019 @ 2:11 pm By Samantha Hurst  |  

Royal Bank of Canada (RBC) announced on Wednesday it has acquired WayPay, a cloud-based payments fintech that offers business clients a best-in-class solution for accounts payable automation and payment optimization. RBC reported: “Many businesses are already planning the transition from paper cheques as manual reconciliation is… Read More

July 9, 2019 @ 3:14 pm By Samantha Hurst  |  

IBM (NYSE: IBM) announced on Tuesday it has acquired all of the issued and outstanding common shares of open hybrid cloud technologies provider Red Hat for $190 per share in cash, which represents equity value of approximately $34 billion. IBM reported that the acquisition it… Read More

July 9, 2019 @ 8:18 am By Samantha Hurst  |  

Mastercard announced on Tuesday the completion of the acquisition of Transfast, a global payments company with significant cross-border network reach. Mastercard reported that it originally declared the intent to buy Transfast earlier this year and that the acquisition builds on its strength in payments and… Read More

July 8, 2019 @ 11:31 am By Samantha Hurst  |  

Mbanq, a U.S.-based digital core and Banking as a Service (BaaS) provider, announced on Monday it has acquired online and mobile banking platform AgilityFour from fintech investor Park Capital. According to Mbanq, AgilityFour provides technology that integrates next-generation web and mobile banking solutions into a… Read More

June 28, 2019 @ 4:59 pm By Samantha Hurst  |  

Visa (NYSE: V) announced on Friday it has signed a definitive agreement to acquire Verifi, a technology solutions company that reduce chargebacks. Visa reported it will integrate Verifi’s enhanced chargeback tools with Visa’s risk management services, including those delivered by CardinalCommerce and CyberSource. “Buyers, sellers,… Read More

June 28, 2019 @ 6:37 am By Samantha Hurst  |  

Jaja Finance, a UK-based fintech startup, announced on Friday it has entered into in agreement to acquire credit card accounts for Bank of Ireland UK. Jaja reported as part of a consortium of funds affiliated with Centerbridge Partners LP and KKR it will acquire the… Read More

June 24, 2019 @ 10:22 am By Samantha Hurst  |  

Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, announced on Monday it has acquired Seed, an online small business banking technology platform. Through the acquisition, a new platform will build on Cross River’s growing suite of innovative Banking-as-a-Service (BaaS)… Read More

June 20, 2019 @ 2:30 pm By Samantha Hurst  |  

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it has acquired BSave, a digital platform that provides earned interest income on cryptocurrency.  Celsius reported that as part of the acquisition, it will now have access to the yield generating algorithms originally developed… Read More

June 17, 2019 @ 8:02 am By Samantha Hurst  |  

Online payment processing provider Allied Wallet announced on Monday it has acquired Epayment, a Hong Kong-based fintech. The acquisition comes just a couple of weeks after Allied Wallet reported it has increased merchant revenue by as much as 60% for some merchants with its new… Read More

June 11, 2019 @ 10:41 am By Samantha Hurst  |  

Just a couple months after acquiring digital payments company, Wibmo, global online payment service provider PayU has now acquired Turkish digital payments provider, iyzico, for $165 million. PayU reported that the acquisition adds to the more than $500 million that the company has deployed across… Read More

June 10, 2019 @ 9:57 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial announced on Monday it has completed its acquisition of RPM Technologies, a Canadian wealth management technology provider. Broadridge revealed it was acquiring the company last month for approximately $300 million. Broadridge stated at the time: “Building on Broadridge’s strong Canadian Wealth Management… Read More

May 28, 2019 @ 12:12 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, recently announced it has acquired AlphaDesk, a cloud-based Order Management System (OMS) that offers order and portfolio management, risk, and compliance solutions for buy-side clients…. Read More

May 21, 2019 @ 11:57 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial announced on Tuesday it is set to acquire Canadian wealth management technology provider, RPM Technologies for approximately $300 million. Broadridge reported that RPM’s technology platforms support more than 15 million customer accounts. Broadridge revealed: “Building on Broadridge’s strong Canadian Wealth Management business,… Read More

May 1, 2019 @ 8:22 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial announced on Wednesday it is now set to acquire Rockall, a market provider of securities-based lending (SBL) and collateral management solutions for wealth management firms and commercial banks. Broadridge reported that the acquisition expands its core front-to-back office wealth capabilities, providing… Read More

April 21, 2019 @ 9:55 pm By Samantha Hurst  |  

Just a little over seven months after being hacked for an estimated ¥6.7 billion yen ($60 million), Japanese cryptocurrency exchange Zaif is reportedly set to resumed activity. As previously reported, the infamous hack occurred on Friday, September 14th, when the hackers broke into Zaif exchange… Read More

April 17, 2019 @ 12:05 pm By Samantha Hurst  |  

Payments platform Stripe announced on Wednesday it has acquired Ireland-based Touchtech Payments, a software company, to accelerate Strong Customer Authentication (SCA) for financial institutions. According to Stripe, TouchTech Payments provides advanced SCA-ready authentication technology for some of Europe’s leading fintechs and challenger banks, like N26,… Read More

April 16, 2019 @ 12:42 pm By Samantha Hurst  |  

Mastercard (NYSE: MA) announced on Tuesday it has acquired Vyze, a technology platform that delivers more choice and purchasing power to people who want their point-of-sale payment options to match the flexibility and convenience of today’s shopping experiences. Mastercard reported: “Vyze shakes up traditional models… Read More

April 12, 2019 @ 11:06 am By Samantha Hurst  |  

Global online payment service provider PayU announced on Friday it has acquired digital payments company Wibmo for $70 million. PayU reported that the acquisition combines its merchant network and Wibmo’s leadership in digital transaction security solutions to offer payments solutions to merchants and financial institutions in India and… Read More

April 10, 2019 @ 8:32 am By Samantha Hurst  |  

YieldStreet, an online marketplace for a diverse array of asset-backed investments, announced on Wednesday it has acquired Athena Art Finance from The Carlyle Group and co-investors in a transaction valued at approximately $170 million. According to YieldStreet, Athena is a “pioneer in the global art… Read More

April 3, 2019 @ 3:44 pm By Samantha Hurst  |  

KeyBank National Association announced on Wednesday it has successfully completed the acquisition of Laurel Road Bank’s digital lending business. According to KeyBank, the acquisition underpins the banking group’s strategic growth efforts, by enhancing its digital capabilities through customized, end-to-end lending products. KeyBank reported that Laurel… Read More