Remitly set to acquire Israeli fintech Rewire for $80m
The transaction is expected to close in H2 2022 subject to regulatory approvals.
Mergers & Acquisitions/M&A
News, intelligence and resources on the global fintech industry including topics such as mergers & acquisitions/ M&A.
Nordic firm Axo snaps up digital credit-scoring platform Defero
Defero’s CEO will join Axo’s group management team following the transaction.
BitGo to seek damages of $100m after Galaxy Digital terminates $1.2bn acquisition deal
The merger announcement was initially made in May 2021.
FinTech Futures: Top five stories of the week – 12 August 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Jack Henry snaps up Payrailz for undisclosed sum
The acquisition is expected to close on 31 August 2022.
Crypto.com gains new licences in South Korea via two acquisitions
The firm has acquired payment service provider PnLink and virtual asset service provider OK-BIT.
Tax automation fintech Avalara snapped up by Vista for $8.4bn
Vista Equity Partners will acquire all outstanding shares of Avalara for $93.50 per share.
South Africa’s TymeBank to acquire SME funding fintech Retail Capital
Retail Capital will form the foundation of an expanded business banking offering within TymeBank.
B2B paytech Plastiq to list publicly following SPAC merger
The new entity, set to be worth $480 million, will continue to be headed up by CEO Eliot Buchanan.
FinTech Futures: Top five stories of the week – 5 August 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Umba acquires 66.6% stake in Kenyan microfinance lender Daraja
The Central Bank of Kenya says the deal will “support the stability of Kenya’s microfinance banking sector”.
Paystand buys Yaydoo to expand B2B payments network across Americas
Paystand says the combined company “will redefine the boundaries of B2B fintech” across the Americas.
TAS acquires Italian paytech consultancy Krisopea
Acquisition reflects TAS’ “acceleration in non-organic growth” driven by largest shareholder Rivean Capital.
Global Payments snaps up EVO Payments for $4bn
Global Payments will acquire EVO in an all-cash transaction for $34 per share, or $4 billion in enterprise value.
Rêv acquires Global Payments’ card business Netspend in $1bn deal
The new combined entity intends to deliver “financial empowerment and product innovation”.
Danish fintech Ageras buys German neobank Kontist
Ageras co-founder and CEO Rico Andersen says the acquisition is a “critical step” in the company’s growth.
Nets grows POS presence in Poland with Simapka acquisition
Owned by Team4U, Simapka is an app for owners of shops and service points in Poland.
US fintech GloriFi to trade publicly following $1.7bn SPAC merger with DHC
The new combined business will be worth approximately $1.7bn with the deal expected to close in Q1 2023.
Veritas Capital in talks with NCR Corporation over potential acquisition
According to The Wall Street Journal, a deal is far from certain and could be weeks in the making.
Great Western Credit Union completes merger with Stroud Valleys Credit Union
GWCU says it now has a combined total of over 21,000 members.
Equity management firm Qapita buys India-based ESOP Direct
Qapita is aiming to boost its presence in India.
Equifax acquires chargeback fraud prevention firm Midigator
Midigator automates the chargeback dispute response process and provides real-time data to businesses.
India’s M2P Fintech snaps up digital identity platform Syntizen
This is M2P Fintech’s third acquisition in 2022 alone.
French business banking firm Qonto snaps up German fintech Penta
The acquisition is expected to close in the next few weeks.
FinTech Futures: Top five stories of the week – 22 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Wealthtech FNZ snaps up private banking tech provider New Access
New Access is primarily active in Switzerland, Liechtenstein and Luxembourg.
Flywire acquires Aussie education paytech Cohort Go
The acquisition will help build out Flywire’s existing education business.
BNPL firms Zip and Sezzle agree to call off proposed merger agreement
The merger was initially announced earlier this year.
Australia’s ANZ snaps up Suncorp Bank in $3.3bn deal
ANZ CEO Shayne Elliott says the acquisition is a “cornerstone investment” for the firm.
Wealthtech Tifin acquires SharingAlpha to boost international presence
Following the acquisition, SharingAlpha will be fully integrated into Tifin’s Magnifi platform.
India’s M2P Fintech snaps up cloud lending firm Finflux
M2P Fintech plans on rolling out lending products “that are secure, scalable and cloud-ready”.
Creditas lands $50m Series F extension, acquires Andbank’s Brazilian banking licence
Firm hopes new licence will help diversify its sources of funding and grow its portfolio of credit products.
ING spins out digital post-trade market infrastructure tech to GMEX Group
GMEX intends to combine Pyctor with its MultiHub offering.
GoHenry acquires French fintech Pixpay to drive European expansion
Both firms will continue to operate under their own brands with no change in leadership or headcount.
eToro and FinTech V call off proposed SPAC merger
Neither party will be required to pay the other a termination fee, as the decision was mutual.
Nexo offers to buy crypto platform Vauld following “financial challenges”
The potential acquisition is pending a satisfactory outcome of the initiated due diligence process.
Dubai’s Careem acquires money transfer platform Denarii
Careem plans to offer “simple and affordable international remittance services” through its super-app.
GoCardless to buy Latvian open banking platform Nordigen
The deal is expected to close later in the summer.
iBanFirst snaps up UK foreign exchange provider Cornhill
The firm hopes the deal will help SMBs across Europe tackle Brexit-related payment challenges.
FinTech Futures: Top five stories of the week – 1 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
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M&T Bank hires Ishet Dhar as chief digital officer @MandT_Bank has appointed Ishet Dhar as its new chief digital o… twitter.com/i/web/status/1…
#Crypto ecosystem @NebeusWorld partners @ModulrFinance to bridge fiat and crypto 🤝 European crypto platform Nebeus… twitter.com/i/web/status/1…
#Paytech consultancy Focused Labs joins Stripe partner ecosystem Focused Labs has joined the @stripe partner ecosy… twitter.com/i/web/status/1…
. @TrustfolioLtd teams up with @Equifax for open banking-powered debt advisory solution ‘Debt-tech’ firm Trustfoli… twitter.com/i/web/status/1…
Banks, broccoli and the peril of going out of date 🏦🥦 M&S has removed expiry dates from its food – a welcome move,… twitter.com/i/web/status/1…
Fintech start-up @join_arc lands $20m in Series A #funding 🇺🇸 US fintech start-up Arc has raised $20 million in a… twitter.com/i/web/status/1…
. @NIBANK selects @Temenos to modernise digital banking services Antigua and Barbuda-based North International Ba… twitter.com/i/web/status/1…