Tagged: acquisition

January 9, 2019 @ 11:04 am By Samantha Hurst  |  

Accenture (NYSE: ACN) announced on Wednesday it has agreed to acquire Orbium, a management consultancy and technology services provider to the financial services industry, headquartered in Switzerland. According to Accenture, the acquisition will further strengthen Accenture’s ability to provide innovative services to clients in the private-banking and wealth-management… Read More

January 8, 2019 @ 11:24 am By Samantha Hurst  |  

Dinghy, a UK-based insurtech platform specifically for freelancers, has been acquired from UK insurer Kingsbridge. This news comes just one year after Dinghy secured $1.2 million during its seed funding round led by Balderton Capital. As previously reported, Dinghy was founded in 2017 by co-founders Ben Wilks, Robert… Read More

January 8, 2019 @ 10:25 am By Samantha Hurst  |  

Plaid, a U.S.-based fintech startup, announced on Tuesday it has acquired data platform Quovo. According to Plaid, acquiring Quovo will make it easier for developers to build products that incorporate investment and brokerage data on its platform. It was revealed: “Financial applications have historically used Plaid… Read More

December 28, 2018 @ 9:40 pm By Samantha Hurst  |  

Financial service giant, Visa, is reportedly set to acquire Earthport, a UK-based cross-border payment service specifically for banks and businesses. The company reported through its service, clients are able to manage payments to almost any bank account in the world, as well as reduce cost and… Read More

December 27, 2018 @ 1:43 pm By Samantha Hurst  |  

Ant Financial Services Group (Ant Financial), a China-based tech company and the operator of Alipay, is reportedly in talks to acquire UK payments firm, WorldFirst, for $700 million. According to Sky News, Ant Financial has been in talks to purchase WorldFirst for the past several months. … Read More

December 21, 2018 @ 9:58 pm By Samantha Hurst  |  

Temenos (SIX: TEMN) announced on Friday it has completed its acquisition of Avoka. The company previously announced it was acquiring the Australia-based SaaS vendor to further strengthen its Temenos Digital Front Office product, which has more than 300 banking clients and has been recognized as a leader by… Read More

December 18, 2018 @ 11:01 am By Samantha Hurst  |  

Business commerce platform Tradeshift announced on Tuesday it has acquired cloud integration technology firm, Babelway. According to Tradeshift, Babelway has provided a standardized way for businesses to connect disparate systems with ease and speed. Babelway’s “powerful” technology will now be offered as Tradeshift Link. Tradeshift explained: “Tradeshift… Read More

December 18, 2018 @ 9:47 am By Samantha Hurst  |  

Albert, a UK-based bookkeeping mobile app, announced on Tuesday it has been acquired by banking group, Santander. Founded in 2014, Albert describes itself as the “brainchild” of the created of award-winning mobile apps such as NatWest, RBS, and the BBC. The app provides customers with a… Read More

December 17, 2018 @ 1:27 pm By Samantha Hurst  |  

Denmark-based Saxo Bank announced on Monday a conditional agreement has been reached on a recommended public offer to be made by the bank for the entire issued and outstanding share capital of BinckBank for €6.35 in cash per share (cum dividend).  According to Saxo Bank,… Read More

December 13, 2018 @ 9:04 am By Samantha Hurst  |  

Temenos (SIX: TEMN) announced on Thursday it has acquired Australia-based SaaS vender, Avoka, to further strengthen its Temenos Digital Front Office product, which has over 300 banking clients and has been recognized as a leader by top analyst houses such as Forrester and Ovum. Temenos has notably… Read More

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