Turkish fintech Iyzico acquires Paynet in $87m deal
Iyzico plans to integrate Paynet’s B2B payments and collections solutions.
News, intelligence and resources on the global fintech industry including topics such as mergers & acquisitions/ M&A.
Iyzico plans to integrate Paynet’s B2B payments and collections solutions.
The regtech platform helps institutions manage, structure, and source compliance and regulatory change.
GoTyme Bank’s acquisition claims to serve over 500,000 employees across 150 Philippine enterprises.
Our pick of the top fintech news stories this week includes Goldman Sachs, HSBC, Microsoft and more.
Cover story: PLASTIC MEASURES – Banking must follow a more sustainable path.
The deal has a total potential consideration of up to $27 million based on certain conditions.
Barclays was a bidder for the programme back in 2020 before Capital One eventually sold it to Goldman.
The firms expect the deal to be finalised in the first quarter of 2025.
LSEG is to continue using the solution as a client of Delta Capita.
The latest round takes Ageras’ total funding to date to nearly €200 million.
Fulton Bank will “assume substantially all of the deposits and purchase substantially all of the assets” of the bank.
Partially financed by Stifel Venture Banking, the deal marks Paystand’s second acquisition in two years.
Our pick of the top fintech news stories this week includes Monese, Temenos, Synapse and more.
The sale, for an undisclosed sum, includes all assets associated with Fidel’s loyalty business.
Arya.ai offers a cloud-based PaaS that enables enterprises to develop their own AI solutions.
Tilia is to rebrand as Thunes and maintain operations from San Francisco.
The deal includes Marcus Invest’s accounts and assets under management.
JP Morgan has controlled the unit since its takeover of First Republic Bank last May.
Synapse previously filed for Chapter 11 voluntary bankruptcy and laid off over 50% of its workforce last year.
The sustainability spending fintech is to integrate the DoneGood marketplace into its company ratings platform.
All investments in Diversified and Fractible will be transferred to Konvi this month.
The proposed merger will create a combined group boasting a balance sheet of around £89 billion.
Our pick of the top fintech news stories this week includes Klarna, Ramp, Zopa and more.
Founded in 1997, Macatawa Bank manages a network of 26 full-service branches across Michigan, USA.
The parties say they expect the transaction to close “in the coming months”.
Our pick of the top fintech news stories this week includes Linqto, HSBC, Santander and more.
Puro Finance is expected to operate as a subsidiary of the bank upon closure of the deal in May.
Spendesk claims it is the first solution in Europe to combine both spend management and procurement.
The deal is set to close in H2 2024, with Linqto to operate as a wholly-owned subsidiary of BCSA.
The deal for Petal is expected to close later this quarter for an undisclosed sum.
The acquisition is expected to close by the third quarter of 2024.
The JV will absorb Credit Suisse’s Japanese advisor base and wealth management assets.
The deal is expected to be finalised within the next 12 months.
The all-cash deal is expected to close in the second half of 2024.
Linedata says the purchase will extend its reach to the “critical sectors” of asset management, insurance and credit.
Our pick of the top fintech news stories this week includes Nuvei, Westpac, iCapital and more.
Core story: GOLD GETTERS – The Olympics and fintech make the perfect team.
The deal is due to expand iCapital’s data management and reporting capabilities.
The Canadian paytech expects the acquisition to close by “late 2024 or the first quarter of 2025”.
The acquisition will boost the growth of Abrigo’s existing suite of technical accounting solutions.