Tagged: acquisition

December 20, 2017 @ 9:03 am By Samantha Hurst  |  

FinTech Acquisition Corp. II (NASDAQ: FNTEU), a blank-check company formed for the purpose of acquiring or merging with one or more businesses or entities in the financial technology industry, announced on Tuesday it has agreed to acquire Intermex, a money transfer services company, for approximately… Read More

December 19, 2017 @ 2:30 pm By Samantha Hurst  |  

TSYS (NYSE: TSS), a global payments solutions provider across the issuing, merchant and prepaid industries, announced on Monday it has entered into an agreement to acquire fintech firm Cayan in an all-cash transaction valued at approximately $1.05 billion. According to TSYS, the transaction is expected… Read More

December 15, 2017 @ 9:45 am By Samantha Hurst  |  

On Friday, Indonesia-based on-demand application service and digital wallet platform GO-JEK announced it has acquired three fintech startups. The three fintechs that GO-JEK acquired are Kartuku, offline payment service company; Midtrans, online payment gateway company; and Mapan, a goods sharing network. According to the company, the acquisitions… Read More

December 15, 2017 @ 8:50 am By Samantha Hurst  |  

On Thursday, California fintech Edge Mobile Payments announced it has acquired digital payments company Plastc as it prepares to enhance its smartcard technology platform. The new acquisition will also enable Edge to build on Plastc’s progress and accelerate the release of its upcoming Edge Card…. Read More

December 12, 2017 @ 10:51 am By Samantha Hurst  |  

Canadian fintech startup Wealthica announced on Tuesday it has acquired online investment publication, Stockchase. According to Wealthica, Stockchase receives more than 100,000 visitors per month and is considered one of Canada’s top finance websites.  While sharing details about the publication’s development and acquisition, Stockchase co-founder Chris Bruner,… Read More

December 4, 2017 @ 10:13 pm By Samantha Hurst  |  

Just a couple months after JPMorgan Chase (NYSE: JPM) announced it was acquiring WePay, the payments platform revealed that has officially become a Chase company. WePay stated that it will continue to provide integrated payments to global software platforms. It will also provide instant merchant onboarding… Read More

November 15, 2017 @ 2:35 pm By Samantha Hurst  |  

Less than two years after Kickstarter announced it has acquired Drip, the crowdfunding giant announced it has relaunched the artist community platform. As previously reported, Drip was described as a curated platform that gives creators and communities a place to interact through a sustained subscription. The… Read More

October 23, 2017 @ 3:31 pm By JD Alois  |  

SoFi (or Social Finance) held talks with Charles Schwab about a potential acquisition earlier this year. The high-profile Fintech firm apparently discussed an $8 billion valuation following an “indicative offer of $6 billion” from a foreign bank. This is according to a report in the… Read More

October 12, 2017 @ 12:09 pm By Samantha Hurst  |  

FastPay, a California-based fintech company that provides lending and financial workflow solutions to digital businesses, announced on Wednesday it has acquired AnchorOps, a provider of electronic payment solutions for media buyers.  While sharing details about the acquisition, Jed Simon, CEO and Founder of FastPay stated: “We’ve been impressed… Read More

October 3, 2017 @ 8:59 am By Samantha Hurst  |  

Blackbaud, Inc. (NASDAQ: BLKB), a cloud software company powering social good, announced on Tuesday it has completed its acquisition of U.K.-based crowdfunding platform, JustGiving. The acquisition, which was announced earlier this summer, will notably enhance Blackbaud’s capabilities to serve both individual donors and nonprofits, expanding… Read More

September 20, 2017 @ 12:09 pm By Samantha Hurst  |  

LendingTree, Inc. (NASDAQ: TREE) announced on Tuesday it has acquired certain assets of Snap Capital LLC, a tech-enabled online platform connecting business owners with lenders offering small business loans, lines of credit and merchant cash advance products through a concierge-based sales approach. While sharing details about the… Read More

August 23, 2017 @ 4:27 pm By Samantha Hurst  |  

Last month, Real estate crowdfunding platform RealtyShares announced it acquired technology-first, marketplace platform Acquire Real Estate. The funding portal described Acquire as an innovative rival that has set a bar for product development within the industry. The company focused on developing industry-first products to serve its commercial sponsors and investors, keeping the platform… Read More

August 11, 2017 @ 12:49 pm By JD Alois  |  

PayPal has acquired Swift Financial (not to be confused with Swift the global banking messaging platform). The purchase will buttress PayPal Working Capital, a lending segment of PayPal that provides SMEs access to capital. Headquartered in Delaware, Swift Financial was established in 2006 to provide… Read More

August 9, 2017 @ 9:17 am By JD Alois  |  

This is an interesting twist in the digital only challenger bank space, Tandem, one of the leading online banks, announced it will acquire 100% of Harrods Bank.  If the deal is approved by regulators, this will bring £80 million of capital into the combined business…. Read More

July 27, 2017 @ 9:00 am By Samantha Hurst  |  

Real estate crowdfunding platform RealtyShares announced on Thursday it has acquired technology-first, marketplace platform Acquire Real Estate. RealtyShares describes Acquire Real Estate as an innovative rival that has set a bar for product development within the industry. According to the funding portal, Acquire Real Estate was led by… Read More

July 21, 2017 @ 11:20 am By Samantha Hurst  |  

Global payment solution provider, Paysafe Group plc (LSE: PAYS.L), announced on Friday it has acquired Delta Card Services Inc., the holding company for Texas payment processor Merchants’ Choice Payment Solutions (MCPS), for $470 million. According to Paysafe, MCPS is a data-focused full-service payment processor for merchants… Read More

July 13, 2017 @ 8:49 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Dianrong announced on Wednesday it has acquired Quark Finance’s asset-origination operations. According to the online lender, the transaction will expand and strengthen its existing asset generation capabilities across Asia. Dianrong reported that Quark Finance currently operates 71 borrower service centers in 47 Chinese… Read More

July 5, 2017 @ 12:29 pm By Samantha Hurst  |  

Worldpay Group, a British payment processing firm, announced on Wednesday that Vantiv has offered $10 billion towards the fintech company’s acquisition. The companies revealed in a joint statement: “The Boards of Worldpay and Vantiv see compelling strategic, commercial and financial rationale for combining Worldpay and… Read More

June 28, 2017 @ 12:19 pm By JD Alois  |  

KissKissBankBank, an early entrant in the French Fintech scene and an active platform for capital formation with both online lending and crowdfunding, has been sold to La Banque Postale. KissKissBankBank has helped to finance 27,000 projects to date having raised approximately €83 million from a community… Read More

June 26, 2017 @ 10:41 am By Samantha Hurst  |  

Cloud software company Blackbaud, Inc. (NASDAQ: BLKB) announced on Monday it has entered into an agreement to acquire UK-based charity crowdfunding platform, JustGiving. The acquisition will notably enhance Blackbaud’s capabilities to serve both individual donors and nonprofits, expanding the peer-to-peer fundraising capabilities Blackbaud offers today through… Read More