Remitly set to acquire Israeli fintech Rewire for $80m
The transaction is expected to close in H2 2022 subject to regulatory approvals.
News, intelligence and resources on the global fintech industry including topics such as mergers & acquisitions/ M&A.
The transaction is expected to close in H2 2022 subject to regulatory approvals.
Defero’s CEO will join Axo’s group management team following the transaction.
The merger announcement was initially made in May 2021.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The acquisition is expected to close on 31 August 2022.
The firm has acquired payment service provider PnLink and virtual asset service provider OK-BIT.
Vista Equity Partners will acquire all outstanding shares of Avalara for $93.50 per share.
Retail Capital will form the foundation of an expanded business banking offering within TymeBank.
The new entity, set to be worth $480 million, will continue to be headed up by CEO Eliot Buchanan.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The Central Bank of Kenya says the deal will “support the stability of Kenya’s microfinance banking sector”.
Paystand says the combined company “will redefine the boundaries of B2B fintech” across the Americas.
Acquisition reflects TAS’ “acceleration in non-organic growth” driven by largest shareholder Rivean Capital.
Global Payments will acquire EVO in an all-cash transaction for $34 per share, or $4 billion in enterprise value.
The new combined entity intends to deliver “financial empowerment and product innovation”.
Ageras co-founder and CEO Rico Andersen says the acquisition is a “critical step” in the company’s growth.
Owned by Team4U, Simapka is an app for owners of shops and service points in Poland.
The new combined business will be worth approximately $1.7bn with the deal expected to close in Q1 2023.
According to The Wall Street Journal, a deal is far from certain and could be weeks in the making.
GWCU says it now has a combined total of over 21,000 members.
Qapita is aiming to boost its presence in India.
Midigator automates the chargeback dispute response process and provides real-time data to businesses.
This is M2P Fintech’s third acquisition in 2022 alone.
The acquisition is expected to close in the next few weeks.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
New Access is primarily active in Switzerland, Liechtenstein and Luxembourg.
The acquisition will help build out Flywire’s existing education business.
The merger was initially announced earlier this year.
ANZ CEO Shayne Elliott says the acquisition is a “cornerstone investment” for the firm.
Following the acquisition, SharingAlpha will be fully integrated into Tifin’s Magnifi platform.
M2P Fintech plans on rolling out lending products “that are secure, scalable and cloud-ready”.
Firm hopes new licence will help diversify its sources of funding and grow its portfolio of credit products.
GMEX intends to combine Pyctor with its MultiHub offering.
Both firms will continue to operate under their own brands with no change in leadership or headcount.
Neither party will be required to pay the other a termination fee, as the decision was mutual.
The potential acquisition is pending a satisfactory outcome of the initiated due diligence process.
Careem plans to offer “simple and affordable international remittance services” through its super-app.
The deal is expected to close later in the summer.
The firm hopes the deal will help SMBs across Europe tackle Brexit-related payment challenges.
Here’s our pick of five of the top news stories from the world of finance and tech this week.