Tagged: acquistion

Euroclear Finalizes Acquisition of MFEX Group, a Digital Fund Distribution Platform

Euroclear is pleased to confirm its acquisition of MFEX Group, an international digital fund distribution platform. Euroclear had first announced its intent to acquire MFEX “on March 26, 2021.” The financial terms of the deal have not been shared publicly. As mentioned in a release,… Read More

FTX and Digital Financial Group Agree on Acquisition of LedgerX, Supporting DFG’s Commitment to Web 3.0, Polkadot

FTX and DFG have reportedly agreed on the acquisition of LedgerX, fueling DFG’s commitment to Web 3.0 and Polkadot. FTX, a major virtual currency derivatives exchange, revealed on August 31, 2021, that it would be moving forward with its acquisition of LedgerX, the first digital… Read More

TMX Group Finalizes Acquisition of Canada’s AST Investor Services Inc and its Subsidiary AST Trust Co.

TMX Group reveals that it has finalized the acquisition of AST Investor Services Inc. (Canada) and its subsidiary AST Trust Company (Canada), an established provider of transfer agency, corporate trust, and various other services. As mentioned in the announcement, the total consideration of the acquisition… Read More

Commerce Platform Lightspeed to Acquire Digital Commerce Firms Ecwid and NuORDER

Lightspeed (TSX: LSPD) (NYSE: LSPD), the “one-stop” commerce platform for merchants across the globe to “simplify, scale and create exceptional customer experiences,” revealed on Monday (June 7, 2021) that it has entered into definitive agreements to acquire two “global leaders” in digital commerce. After the… Read More

Bill.com Finalizes $2.5B Stock and Cash Acquisition of Spend Management Fintech Divvy

Bill.com (NYSE:BILL), an established provider of Cloud-powered software that simplifies, digitizes, and automates back-office financial operations for SMBs, revealed on Monday (June 1, 2021) that it had finalized its acquisition of Divvy, a spend management solution provider, for around $2.5 billion “in stock and cash.”… Read More

Financial Services Capital Finalizes Acquisition of its Stake in JZ Lending Ltd

Financial Services Capital (FSC), the private equity investor focused on the ongoing transformation of the European financial services industry, has finalized its acquisition of a stake in JZ Lending Ltd, which currently controls Spain’s consumer finance platform Unión Financiera Asturiana. The Bank of Spain has… Read More

Ireland’s B2B Card Payments Fintech CleverCards Finalizes €10M Round, Acquires European Money Institution License

Ireland’s B2B card payments Fintech CleverCards has finalized a €10 million funding round. The company has also acquired a European Money Institution license via the acquisition of spend management service provider, ExpendiaSmart. Since introducing its payments platform back in December 2019, CleverCards has managed to… Read More

Tata Consultancy Services to Acquire Prudential Financial’s Subsidiary, Pramerica Systems Ireland Ltd’s Selected Assets

India’s Tata Consultancy Services (TCS) has reportedly made a strategic agreement with Prudential Financial Inc (PFI). According to the terms of the deal, TCS will be acquiring PFI’s subsidiary, Pramerica Systems Ireland Ltd.’s selected assets. The staff members at Pramerica will continue working in their… Read More

Salary-linked Savings and Loans Firm Salary Finance Acquires Neyber, a Goldman Sachs backed Competitor

London-based Salary Finance, a company that specializes in salary-linked savings and loans for workers across the UK, has reportedly acquired Neyber, a Goldman Sachs-backed competitor.  Neyber was founded in 2016 by former Goldman Sachs employees Martin Ijaha and Monica Kalia and joined by former Credit… Read More

France-based Cooperative Crédit Agricole Acquires a Majority Stake in Fintech firm Linxo

France-based cooperative Crédit Agricole has reportedly acquired a majority stake in Fintech firm Linxo, which serves as a payment aggregation and initiation service. Established in 2010 and headquartered in Aix-en-Provence, Linxo offers account aggregation, payment initiation and personal finance management services through a robust technology… Read More

Wave Announces Acquisition of Business Accounts Provider Every

Fintech

Wave, a Canada-based financial services and software for small businesses, announced on Wednesday it has acquired Every, a fintech company that provides business accounts and debit cards to small businesses. Wave reported that the acquisition advances its plans to integrate more financial products and services… Read More

Finastra Announces Acquisition of Olfa Soft SA

UK-based fintech firm Finastra announced on Tuesday it has acquired Olfa Soft SA and its FX e-trading platform for banks and financial institutions. According to Finastra, the acquisition enables the company to deliver an end-to-end real-time eFX trading solution for banks’ treasury departments, covering distribution, position-keeping, post-trade,… Read More

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