Tagged: merger

Finsemble, Glue42 Merge to Become interop.io, the Interoperability Platform for Capital Markets

Finsemble and Glue42 announce the two firms have merged, “bringing together the best in desktop interoperability technology and automated workflows.” The merger positions the new firm, interop.io, “as the industry leader in interoperability for capital markets and beyond.” interop.io brings together the technologies of both… Read More

Virtual Banking Solution Provider Tyfone, Demopolis Equity Partners to Streamline Digital Experience for Financial Institutions

Digital banking innovator Tyfone, Inc. announced a major transaction that includes a significant investment from Demopolis Equity Partners and a merger with digital banking provider Cubus Solutions, “resulting in the combined entity operating under the Tyfone brand.” This move will aim to accelerate “the adoption of… Read More

FinFit, Salary Finance U.S. Announce Merger, Establishing Workplace Financial Wellness Platform

With nearly 50 percent of U.S. workers reporting financial stress, FinFit and Salary Finance U.S. announce their merger, to better support the financial needs of working Americans. Both companies have been “part of the rapidly growing market of financial wellness employee benefits offered through the… Read More

Orrick, Buckley Combine to Establish Financial Services, Fintech Law Firm

Orrick and Buckley jointly announced the strategic combination, which “responds to growing demand from the most innovative companies and financial institutions for forward-looking regulatory and enforcement advice.” It also responds “to demand from Fintech innovators, tech companies and their financial sponsors for holistic solutions to… Read More

Merger of MobilePay and Vipps Approved by Authorities

The agreement between Danske Bank and the consortium of banks behind Vipps to merge MobilePay and Vipps has been “approved by all relevant authorities, including the EU Commission.” The parties expect “to complete the transaction during the fourth quarter of 2022.” The merger was “announced… Read More

SPACs: Plastiq to Become Publicly Traded Firm via Combination with Colonnade Acquisition Corp. II

Plastiq Inc., the B2B payment platform powering the small and midsize business economy, and Colonnade Acquisition Corp. II (NYSE: CLAA) a publicly traded special purpose acquisition company,  announced that they have “entered into a definitive agreement and plan of merger.” The combined company will “continue… Read More

First Internet Bank Cancels Planned Merger with First Century Bank

First Internet Bancorp (Nasdaq: INBK), the parent company of First Internet Bank, has terminated a planned merger with First Century Bancorp. First Internet Bank claims title as the first branchless, chartered bank having opened its virtual doors in 1999. The combination with First Century Bank… Read More

Indonesian BNPL Akulaku Joins Unicorn Club With $100M Series E

Akulaku, an Indonesian buy now, pay later (BNPL) firm, announced this week it has received $100 million from the Siam Commercial Bank in Series E financing. The news comes months after the firm announced a $125 raise which was co-led by Silverhorn Group, who has… Read More

Digital Investment Firms TCM & Technologies and Trovio Have Merged to Form Trovio Group

TCM & Technologies Pte Ltd (TCM), an investment and advisory company offering institution-recognizable investments products and advisory services focused on the digital economy, and Trovio Pty Ltd, a technology company focused on digitization, tokenization and provenance services for the commodities and carbon industries, have announced… Read More

Oportun, Digit Celebrate $213 Million Acquisition

Oportun a consumer credit Fintech, today announced that it has agreed to acquire neobank Digit, a platform that provides automated savings, investing, and banking tools. By adding Digit Oportun will further expand its A.I. and digital capabilities. “This is a transformational deal that will expand… Read More

Citizens Financial Group, JMP Group Announce Merger

Citizens Financial Group and JMP Group have entered into a definitive merger agreement under which Citizens will acquire JMP in an all-cash transaction. JMP is a capital markets firm that provides investment banking services, including strategic advisory, equity research and sales and trading focused primarily… Read More

Germany based Fintech Firms Raisin and Deposit Solutions Merge Operations to Form B2C Savings focused Company

Germany-based Fintech firms Raisin and Deposit Solutions have reportedly decided to merge their operations in order to establish a new company in the business-to-consumer or B2C savings sector. Deposit Solutions currently operates deposit marketplaces for more than 150 partners, such as large institutions including Deutsche… Read More

Cross-Border Payments Provider CurrencyFair to Merge with Assembly Payments after Standard Chartered Investment

CurrencyFair, a cross-border payments solution provider, and Assembly Payments, whose platform aims to fully automate complex payment workflows, recently revealed that they’ve merged operations as part of a strategic investment from Standard Chartered (which is subject to shareholder approval and regulatory clearance). As noted by… Read More

Malaysia based Telecom Axiata Group and Norway’s Telenor to Merge Malaysian Mobile Businesses

Axiata Group and Telenor Asia revealed on Thursday (April 8, 2021) that they’ve revisted and confirmed their merger plans involving Celcom and Digi. At present, the deal is in advanced discussions. Malaysian telecoms company Axiata Group Bhd and Norway-based Telenor ASA will be focused on… Read More

CMA Acknowledges Abandonment of Crowdcube-Seedrs Merger

The UK Competition and Markets Authority (CMA) has publicly acknowledged the decision by Crowdcube and Seedrs to abandon the proposed merger of the two venture financing platforms. This past week, the CMA announced it had provisionally decided not to allow the merger to be consecrated…. Read More

Accuity and LexisNexis Risk Solutions to Merge Operations, Will Provide Global Financial Crime Compliance Solutions

Accuity and LexisNexis Risk Solutions have confirmed that they’re planning to merge their business operations. Accuity will reportedly become a part of the LexisNexis Risk Solutions Group which currently operates in over 100 different countries. Both companies are a part of RELX, a multinational provider… Read More

Crowdcube and Seedrs Explain Competitive Reality to CMA in Quest to Complete Merger

Crowdcube and Seedrs are in the midst of a review by the Competition and Markets Authority (CMA) regarding the proposed merger between the two early-stage funding platforms. The proposed merger was revealed in October of 2020. At that time, Seedrs CEO Jeff Kelinsky stated: “We… Read More

UK Competition and Markets Authority Agrees to Fast Track Seedrs Crowdcube Merger

  The UK Competition and Markets Authority (CMA) has agreed to fast track the merger of Seedrs and Crowdcube – the two largest investment crowdfunding platforms based in the UK. The merging companies requested the fast track of the review to a Phase 2 stage… Read More

Crowdcube & Seedrs Request Fast Track Process from CMA on Merger

Earlier this month, the two leading investment crowdfunding platforms in the UK, Crowdcube and Seedrs, announced a proposed merger that would create the dominant online capital formation platform in the UK. Between the two firms, a merger would create not only the top platform in… Read More

Bitcoin Tax Software Blockpit Announces Merger With CryptoTax

Blockpit, an Austria-based bitcoin tax software, announced earlier this week it has merged with CryptoTax to form what it considers the largest European provider of Cryptocurrency tax solution. Blockpit reported that since the beginning of 2020, it has been in contact with its CryptoTax, which… Read More

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