Tagged: acquisition

July 26, 2018 @ 8:40 am By Samantha Hurst  |  

Five Degrees, a Netherlands-based fintech, announced on Thursday it has acquired Libra, a provider of core banking IT systems in the financial sector in Iceland. Five Degrees reported that the acquisition boosts its international growth ambitions, enabling the company to offer its full-service proposition of… Read More

July 19, 2018 @ 10:41 pm By Samantha Hurst  |  

Ernst & Young LLP (EY) announced on Thursday it has acquired technology assets and related patents from Elevated Consciousness, Inc., a U.S. startup focused on developing unique solutions for the crypto-asset ecosystem. EY reported that the acquisition is part of its strategy to expand blockchain-related… Read More

July 2, 2018 @ 8:54 am By Samantha Hurst  |  

Nordea announced on Monday it has into an agreement with Gjensidige Forsikring ASA to acquire all shares in Gjensidige Bank ASA. The company reported that it purchased the bank for an estimated cash consideration of NOK 5,500 million (€578 million), that will be adjusted for the… Read More

June 22, 2018 @ 2:00 pm By Samantha Hurst  |  

Peoples Trust Company, a federally chartered financial institution that has provided financial services to Canadians, announced this week it has acquired Vancouver-based online lending platform Lendful. According to the duo, Peoples Group’s key mission is to exceed customers’ expectation by providing access to financial products within select markets…. Read More

June 20, 2018 @ 3:23 pm By Samantha Hurst  |  

On Wednesday, KeyBank announced it has acquired digital lending platform for small businesses Bolstr. According to Key, the fintech software, which is expected to be implemented later this year, will enable the banking group to provide faster and easier access both to SBA loans and to… Read More

June 20, 2018 @ 2:16 pm By Samantha Hurst  |  

Nets, a Denmark-based payments platform, announced on tuesday it has expanded into Poland thanks to the acquisition of payments service providers Dotpay/eCard. According to Nets, Andrzej Budzik will continue as CEO of Dotpay/eCard and will report directly to Asger Hattel, Head of Merchant Services in Nets,… Read More

June 20, 2018 @ 12:37 pm By Samantha Hurst  |  

Online payments giant PayPal announced on Tuesday it has acquired global payout platform Hyperwallet for $400 million. The latest acquisition reportedly enhances PayPal’s capabilities, which will improve the company’s ability to provide an integrated suite of payment solutions to e-commerce platforms and marketplaces around the… Read More

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

Finastra announced on Monday it has acquired Malauzai, a Texas-based provider of mobile and Internet banking solutions for community financial institutions. The company reported that this new deal reflects its commitment to the U.S. retail and business banking sectors by further enabling digital transformation for… Read More

June 14, 2018 @ 9:00 am By Samantha Hurst  |  

Truecaller, a Sweden-based company that is on a mission is to build trust everywhere by making communication safe and efficient, announced on Wednesday it has acquired India-based multi-bank payments app, Chillr. Speaking about Chillr joining their platform, the Truecaller team stated: “Today, we are proud to… Read More

June 12, 2018 @ 8:50 pm By Samantha Hurst  |  

LendingTree, Inc. (NASDAQ:  TREE) announced on Tuesday its subsidiary, LendingTree, LLC, completed its acquisition of Ovation Credit Services, Inc., a leading provider of credit services with a strong customer service reputation. The acquisition was announced last month. According to LendingTree Ovation Credit Services utilizes a proprietary software… Read More

June 11, 2018 @ 8:51 pm By Samantha Hurst  |  

On Monday, global fintech InvestCloud announced it has acquired London-based rplan Limited for $20 million. According to InvestCloud, rplan is a provider of client engagement technology to support investment propositions for web and mobile. The company’s client base includes four of the top eight UK… Read More

June 7, 2018 @ 10:59 pm By Samantha Hurst  |  

On Thursday, insurtech startup CoverWallet announced that global insurance company Zurich Insurance Group (VTX: ZURN) has acquired a minority stake in the company. According to CoverWallet, the investment builds on a commercial partnership between CoverWallet and Zurich in Europe that was announced in February. CoverWallet also… Read More

June 7, 2018 @ 10:39 pm By Samantha Hurst  |  

On Thursday, point-of-sale financing and payment tech provider Flexiti announced it has acquired TD Financing Services’ (TDFS) Canadian private label credit card portfolio, which is valued at approximately $250 million. According to Flexiti, the acquisition includes an equity investment of over $50 million led by… Read More

June 7, 2018 @ 8:30 am By Samantha Hurst  |  

On Thursday, global fintech Broadridge Financial announced it has further expanded its global market intelligence business with its recent acquisition of MackayWilliam, a European fund market, and research firm. According to Broadridge, the acquisition will combine its fund data and analytics solution with MackayWilliam’s European… Read More

June 4, 2018 @ 12:45 pm By Samantha Hurst  |  

Paysafe Group, a U.S.-based global payments provider, announced on Monday that it has completed the acquisition of iPayment Holdings, Inc., which was signed earlier this spring. According to Paysafe, iPayments is a provider of payment and processing solutions for small and medium-sized businesses and generated processing… Read More

May 22, 2018 @ 11:47 am By Samantha Hurst  |  

UK-based blockchain company nChain announced on Tuesday it closed deal terms to acquire a majority stake in HandCash, a Bitcoin Cash mobile wallet that uses near field communication (NFC) technology to make it as easy for users to send Bitcoin Cash to someone as if… Read More

May 18, 2018 @ 9:16 pm By Samantha Hurst  |  

Sageworks, a U.S. fintech that offers lending, credit risk, and portfolio risk solutions to banks and credit unions, announced on Friday it was acquired by Accel-AKKR, a private equity firm based in Menlo Park, California. As previously reported, Sageworks, which was founded in 1998, offers banks and… Read More

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

On Friday, CEO and Co-founder of iZettle, Jacob de Geer announced he and his team have reached an agreement with PayPal to acquire the Swedish fintech. The acquisition agreement comes less than two weeks after the company announced its plan to proceed with an initial public… Read More

May 15, 2018 @ 2:41 pm By Samantha Hurst  |  

Worldline, (Euronext: WLN) a European payments and transactional services firm announced on Tuesday it has formed a strategic partnership with SIX and will be acquiring SIX Payment Services, the payment services division of SIX, for €2.3 million (CHF 2,750 million). According to Worldline, SIX Payment Services… Read More

May 15, 2018 @ 11:18 am By Samantha Hurst  |  

Deutsche Bank announced on Tuesday it has acquired Quantiguous Solutions, an India-based software company, to strengthen its Global Transaction Banking franchise. Deutsche reported that with the help of Quantiguous it will accelerate the development of its Open Banking platform that forms the core for developing innovative… Read More