Tagged: acquisition

December 11, 2018 @ 9:31 am By Samantha Hurst  |  

Motive Partners, an investment firm focused on technology-enabled companies that power the financial services industry, announced on Tuesday it has acquired a controlling interest in Finantix, which is a provider of technology enabling the digitalization of omni-channel advisory, sales, and services processes of private banks, wealth managers and insurance companies. This… Read More

December 7, 2018 @ 2:14 pm By Samantha Hurst  |  

Canadian cryptocurrency Coinsquare announced on Thursday it has acquired BlockEQ, a cryptocurrency wallet on the Stellar network. Coinsquare reported that it purchased BlockEQ for CAD$12 million and will use BlockEQ’s technology to help it and its users connect further with the world of cryptocurrencies. It was revealed: “BlockEQ,… Read More

November 16, 2018 @ 9:40 am By Samantha Hurst  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced on Thursday it has completed its acquisition of Hyperwallet for approximately $400 million USD. According to the firm, this transaction will strengthen PayPal’s payout capabilities and enhance PayPal’s ability to provide an integrated suite of payment solutions to e-commerce… Read More

November 12, 2018 @ 2:21 pm By Samantha Hurst  |  

Finablr, a global platform for payments and foreign exchange solutions, announced on Monday it has increased its stake in Swych, a digital gifting platform, with a follow-on Series B investment to become a majority shareholder. Finablr reported that through its stake it will leverage its network’s leadership and… Read More

November 12, 2018 @ 9:23 am By Samantha Hurst  |  

Motive Partners, an investment firm focused on technology-enabled companies that power the financial services industry, announced on Monday it has a controlling interest in Lucht Probst Associates GmbH (LPA), a provider of innovative software and advisory services focused on financial services distribution and regulatory compliance solutions. Founded… Read More

November 5, 2018 @ 3:05 pm By Samantha Hurst  |  

CME Group, the world’s leading and most diverse derivatives marketplace, announced on Monday it has completed its acquisition of NEX Group, which in returned created a global markets company across futures, cash and OTC. According to CME, the combined organization enables market participants worldwide to… Read More

November 5, 2018 @ 10:53 am By Samantha Hurst  |  

Issuance, Inc., a marketing platform for digital securities, announced on Monday it has executed a Letter of Intent (LOI) to acquire the assets of financial marketing firm CrowdfundX. The plans to acquire CrowdfundX come just after Issuance recently announced a listing agreement with OpenFinance Network, a… Read More

November 2, 2018 @ 9:24 pm By Samantha Hurst  |  

Online lending exchange LendingTree(NASDAQ: TREE) announced earlier this week it has completed the acquisition of insurance comparison marketplace, QuoteWizard. As previously reported, QuoteWizard has helped nearly 40 million consumers find their ideal insurance policy with top-tier insurance carriers across key insurance markets, which are auto, home, and… Read More

October 31, 2018 @ 2:51 pm By Samantha Hurst  |  

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, announced on Wednesday it has completed its acquisition of the debit card processing, ATM Managed Services and MoneyPass surcharge-free network of Elan Financial Services, a unit of U.S. Bancorp (NYSE: USB). The acquisition, which was announced… Read More

October 31, 2018 @ 8:18 am By Samantha Hurst  |  

Even Financial, the platform powering financial services online, announced on Wednesday it is set to acquire Birch Finance, which is described as a personal finance app that helps everyday consumers find the best credit cards and optimize their rewards. This upcoming acquisition comes just a couple… Read More

October 19, 2018 @ 9:52 am By Samantha Hurst  |  

Accenture (NYSE: ACN) announced earlier this week it has acquired TargetST8 Consulting, a privately held financial services consulting firm specializing in corporate and commercial lending, with offices in New York. According to Accenture, TargetST8 focuses exclusively on the financial markets. By serving leading banks and investment firms in… Read More

October 12, 2018 @ 9:53 am By Samantha Hurst  |  

Online lending exchange LendingTree(NASDAQ: TREE) announced last week it is now set to acquire insurance comparison marketplace, QuoteWizard. According to LendingTree, QuoteWizard has helped nearly 40 million consumers find their ideal insurance policy with top-tier insurance carriers across key insurance markets, which are auto, home, and health…. Read More

October 5, 2018 @ 11:28 am By JD Alois  |  

SeedInvest, one of the leading US based investment crowdfunding platforms, is being acquired by crypto firm Circle. The news was reported in a blog post by Circle that stated SeedInvest was being acquired as it seeks to enable startups to issue security tokens using blockchain, while… Read More

October 4, 2018 @ 11:33 am By Cali Haan  |  

Tech Bureau, owner of the Japanese cryptocurrency exchange Zaif, which was recently hacked for more than $60 million USD, says that although it is suspending new account registrations at the exchange, negotiations for the company’s acquisition by FISCO are still underway. According to a release… Read More

September 28, 2018 @ 11:38 am By Samantha Hurst  |  

Société Générale, France’s third-largest bank, announced on Thursday it has acquired French fintech startup, Treezor. The latest acquisition comes just a few months after Société Générale acquired Lumo, the pioneering crowdfunding platform dedicated to renewable energies. Founded in 2015, Treezor is described as one of France’s pioneering Banking-as-a-Service… Read More

August 16, 2018 @ 9:17 am By Samantha Hurst  |  

Wyre, a U.S.-based money transfer service, announced this week it has entered into an account transfer agreement for the sale of its retail money transfer business to money transfer firm, WorldFirst. This news comes just after Wyre announced its API was being extended to dapps… Read More

August 10, 2018 @ 9:41 am By Samantha Hurst  |  

Digital banking solutions provider, Q2 Holdings, Inc. (NYSE: QTWO) has entered in an agreement to acquire California-based Cloud Lending, Inc., a privately-held SaaS company that provides an integrated end-to-end lending and leasing platform. According to Q2, the transaction has been approved by the boards of directors of both… Read More

August 9, 2018 @ 8:56 am By Samantha Hurst  |  

India-based mobile wallet service provider Paytm announced on Wednesday it has acquired management startup Balance.Tech. Founded in 2010, Paytm claims to be India’s largest mobile payment and commerce platform. It offers a full marketplace for consumers through its mobile apps. The company’s investors include investors include… Read More

July 31, 2018 @ 1:52 pm By Samantha Hurst  |  

Cryptocurrency exchange Binance announced on Tuesday it has acquired Ethereum and ERC20 mobile wallet and decentralized application browser Trust Wallet. Binance reported that this transaction marks its first acquisition and indicates the “importance” of secure wallet technology for the next wave of crypto adoption. Founded… Read More

July 27, 2018 @ 6:29 pm By Samantha Hurst  |  

Blockchain tech startup TRON reportedly had a productive week – the company not only declared it now has more than 100 million users on its platform but also revealed it has acquired software company BitTorrent. Founded in 2017, TRON describes itself as a company dedicated to building… Read More